Private Bank Student Lines of Credit
Many private banks offer Student Lines of Credit to students attending full-time
studies for post-secondary education (PSE). These LOCs usually require a
co-signer.
Below are websites for the major banks linking you to their student financing:
Bank of Montreal (BMO)
www.bmo.com (Personal Finances, Loans and Credit Cards, Lines of Credit, Student Lines of Credit)
Canadian Imperial Bank of Commerce (CIBC)
www.cibc.ca (Borrowing, Loans & Lines of Credit, CIBC Education Line of Credit)
Credit Union Atlantic
https://www.cua.com(Your Financing, Student Lending)
Heritage Credit Union
https://www.heritagecu.com(Your Financing, Student Lending)
Royal Bank of Canada (RBC)
http://www.royalbank.com/student/index.html
Scotiabank
www.scotiabank.com (Quick Links, Student Life, Apply for a ScotiaLine personal
line of credit for students)
TD Canada Trust
http://www.tdcanadatrust.com (Student Services)
TIP: If you are only eligible for a small government student loan, it is better to
use the government loan (which is interest free to you) complemented by
a private bank student line of credit rather than just the line of credit. |