Focus on your studies—not your finances!
If you're not eligible for government assistance or need additional financing, consider a Student Line of Credit.1 It offers a better interest rate than a regular line of credit; your credit limit is based on your tuition fees and level of studies.
Tip
You could get a preferred rate on your Student Line of Credit if you're enrolled in a program that qualifies for our offer for students.
Eligibility criteria
You must meet the following criteria:
You must visit the branch once a year to update your file. Bring the following documents to your meeting:
The maximum amount you are entitled to is determined according to your tuition fees and level of studies.
Government-guaranteed student loans
Offered to Quebec residents only.
As a participant in the Quebec government's Loans and Bursaries Program, National Bank can help you get fast access to the financial assistance you need.
Benefits
Steps to follow
To learn more, visit the Government of Quebec's student financial aid website.
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Student Lines of Credit |
|
Rate |
|
Student Lines of Credit |
P + 1.30% = 3.75% |
Quebec student loan |
|
Class B and Class E loans* |
|
Variable rate |
P + 0.50% = 2.95% |
* Interest rate on Quebec student loans with interest payable by the borrower (Class B = full-time, Class E = part-time) |
|
Class C loans |
1 year |
Fixed-rate |
P + 1.00% = 3.45% |
* Interest rate set on disbursement date and revised annually for computer loans (Class C) |
TM National Bank All-In-One is a registered trademark of National Bank of Canada.
1. Subject to credit approval by National Bank.
2. For students in medicine, dentistry, pharmacy, optometry, veterinary medicine, chiropractic and engineering: No principal and interest payments required until 12 months after the end of studies or loss of full-time student status (subject to not exceeding the authorized credit limit). However, interest accrues during this period and is compounded monthly.
3. Subject to not exceeding the maximum line of credit amount available, i.e., 65% of the value of the property.
Choose a fixed or variable rate loan to help you with a major purchase or goal.1 Loans are usually approved within 24 hours.
Meet with an advisor to find the financing solution that's best for you.