Professional Students Line of Credit

Get the value of education without all that crushing debt.

Interest rate

Preferred, variable

Offline Purchase Instructions

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Details

Overview

Higher education is about bettering yourself and your future. It isn't about constantly worrying about an enormous debt. Our Professional Student Line of Credit offers up to $300,000 in financing at a preferred interest rate that's lower than what you'd get with a personal loan. And our market leading repayment schedule means you'll have lower monthly payments after graduation.

To open a new Professional Students Line of Credit, provide proof of enrolment, which would be a photo or screenshot of your tuition receipt, letter of acceptance or time table. We'll reach out to you if we need to confirm your enrolment to maintain your students status in September of each year.

Pricing

  • Interest Rate

    On approved credit.

  • INTERAC e-Transfer
    Free unlimited
  • Fees
    • No setup or annual service fees.
  • Amount
    • Borrow up to $300,000 in financing for medical doctor or dentistry students. Borrow up to $125,000 in financing for other professional students (chiropractic, veterinary medicine, optometry, pharmacy, physiotherapy, podiatry, masters of business administration, executive masters of business administration, masters of engineering, law, and accounting).
  • Repayment
    • Pay only monthly interest fees on your balance owing for up to 12 months after graduation. Then take up to 25 years to repay the funds you borrowed with the option to fully or partially repay at any time without penalty.

Additional Information

  • Other features
    • Access your account 24/7 online, on your mobile device, over the phone and at the ABM.
    • Get automatic qualification without a co-borrower when you provide proof of enrolment in a professional or graduate program and have a good (or unestablished) credit history 1.
    • Allocate up to $20,000 of the $300,000 credit limit for medical doctor/dentistry students and up to $10,000 of the $125,000 credit limit for professional students to an ATB Mastercard2.
    • If you have an unused balance on your Professional Students Line of Credit when you graduate, you're pre-approved for a personal line of credit at the same low interest rate you get as a student3.
  • Notes
    1. On approved credit. If you're studying in the U.S., you're still eligible but will require a co-borrower.
    2. The limit on your new ATB Mastercard will be taken from the max amount on your Professional Student's Line of Credit. For example: medical doctor/dentistry students can receive a $20,000 limit on a new ATB Mastercard plus $280,000 in payment instalments over 4 years. Professional students can receive a $10,000 limit on a new ATB Mastercard and $115,000 in payment instalments over 4 years. Upon activation of your new Mastercard, a minimum payment will be due each month there is a balance owing. ®Mastercard is a trademark of Mastercard International Inc. ATB is a user of the trademarks and designs owned by Mastercard International Inc.
    3. Medical doctor/dentistry students can convert up to $50,000 and professional students can convert up to $25,000 of their remaining balance.

Details

Overview

Higher education is about bettering yourself and your future. It isn't about constantly worrying about an enormous debt. Our Professional Student Line of Credit offers up to $300,000 in financing at a preferred interest rate that's lower than what you'd get with a personal loan. And our market leading repayment schedule means you'll have lower monthly payments after graduation.

To open a new Professional Students Line of Credit, provide proof of enrolment, which would be a photo or screenshot of your tuition receipt, letter of acceptance or time table. We'll reach out to you if we need to confirm your enrolment to maintain your students status in September of each year.

Pricing

  • Interest Rate

    On approved credit.

  • INTERAC e-Transfer
    Free unlimited
  • Fees
    • No setup or annual service fees.
  • Amount
    • Borrow up to $300,000 in financing for medical doctor or dentistry students. Borrow up to $125,000 in financing for other professional students (chiropractic, veterinary medicine, optometry, pharmacy, physiotherapy, podiatry, masters of business administration, executive masters of business administration, masters of engineering, law, and accounting).
  • Repayment
    • Pay only monthly interest fees on your balance owing for up to 12 months after graduation. Then take up to 25 years to repay the funds you borrowed with the option to fully or partially repay at any time without penalty.

Additional Information

  • Other features
    • Access your account 24/7 online, on your mobile device, over the phone and at the ABM.
    • Get automatic qualification without a co-borrower when you provide proof of enrolment in a professional or graduate program and have a good (or unestablished) credit history 1.
    • Allocate up to $20,000 of the $300,000 credit limit for medical doctor/dentistry students and up to $10,000 of the $125,000 credit limit for professional students to an ATB Mastercard2.
    • If you have an unused balance on your Professional Students Line of Credit when you graduate, you're pre-approved for a personal line of credit at the same low interest rate you get as a student3.
  • Notes
    1. On approved credit. If you're studying in the U.S., you're still eligible but will require a co-borrower.
    2. The limit on your new ATB Mastercard will be taken from the max amount on your Professional Student's Line of Credit. For example: medical doctor/dentistry students can receive a $20,000 limit on a new ATB Mastercard plus $280,000 in payment instalments over 4 years. Professional students can receive a $10,000 limit on a new ATB Mastercard and $115,000 in payment instalments over 4 years. Upon activation of your new Mastercard, a minimum payment will be due each month there is a balance owing. ®Mastercard is a trademark of Mastercard International Inc. ATB is a user of the trademarks and designs owned by Mastercard International Inc.
    3. Medical doctor/dentistry students can convert up to $50,000 and professional students can convert up to $25,000 of their remaining balance.

Important Information

Interest rate

Preferred, variable

Offline Purchase Instructions

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