Apprenticeship Line of Credit

Your ticket to possibilities.

Interest rate

Preferred, variable

Offline Purchase Instructions

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Details

Overview

Starting your apprenticeship training and mastering a trade is the ticket to getting the career—and lifestyle—you’ve always wanted.

Unlike standard student loans, our Apprenticeship Line of Credit allows you to keep the cash flowing while in school. Funds continually become available as you pay down your line of credit. So, you can pay for school, purchase necessary tools or even pay bills while you complete your training.

Whether you’ve got your sights set on a career as a welder, carpenter, electrician, mechanic, gas fitter, heavy duty technician, or a future In refrigeration—this could be the ticket to making it happen.

Pricing

  • Interest Rate
    • Enjoy a rate as low as prime plus 2% when you protect your loan with an ATB loan protection plan (life or disability), or prime plus 2.5% if you opt out of ATB Loan Protection. Check current rates.
  • Fees
    • No setup or annual service fees.
  • Amount
    • Borrow from $5,0001
  • Repayment
    • Repayment is flexible. Choose to make only the required minimum monthly interest payment on the outstanding balance, or pay more—up to the entire balance.

Additional Information

  • Other features
    • Access your account 24/7 online, on your mobile device, over the phone and at the ABM.
    • Keep the cash flowing, and as you pay off the credit you use, it becomes available to you again.
    • Access the full loan amount at signing instead of a pro-rated amount each year.
    • Keep your line of credit with the same low interest rate after you graduate.
    • Proof of enrolment, such as a letter from your Union or employer, is required at signing, not annually.
  • Notes
    1. On approved credit. Terms and conditions may apply.

Details

Overview

Starting your apprenticeship training and mastering a trade is the ticket to getting the career—and lifestyle—you’ve always wanted.

Unlike standard student loans, our Apprenticeship Line of Credit allows you to keep the cash flowing while in school. Funds continually become available as you pay down your line of credit. So, you can pay for school, purchase necessary tools or even pay bills while you complete your training.

Whether you’ve got your sights set on a career as a welder, carpenter, electrician, mechanic, gas fitter, heavy duty technician, or a future In refrigeration—this could be the ticket to making it happen.

Pricing

  • Interest Rate
    • Enjoy a rate as low as prime plus 2% when you protect your loan with an ATB loan protection plan (life or disability), or prime plus 2.5% if you opt out of ATB Loan Protection. Check current rates.
  • Fees
    • No setup or annual service fees.
  • Amount
    • Borrow from $5,0001
  • Repayment
    • Repayment is flexible. Choose to make only the required minimum monthly interest payment on the outstanding balance, or pay more—up to the entire balance.

Additional Information

  • Other features
    • Access your account 24/7 online, on your mobile device, over the phone and at the ABM.
    • Keep the cash flowing, and as you pay off the credit you use, it becomes available to you again.
    • Access the full loan amount at signing instead of a pro-rated amount each year.
    • Keep your line of credit with the same low interest rate after you graduate.
    • Proof of enrolment, such as a letter from your Union or employer, is required at signing, not annually.
  • Notes
    1. On approved credit. Terms and conditions may apply.

Important Information

Interest rate

Preferred, variable

Offline Purchase Instructions

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