Medical student lines of credit

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Many Canadian banks have specialized medical student line of credit products with substantially higher limits than ordinary student line of credits.

Before signing a medical student LOC, compare:

  • Maximum credit limit
  • Interest rate
  • Prime +/− spread
  • Interest-only period
  • When repayment begins
  • Whether interest accrues during residency
  • Fees
  • Co-signer requirements
  • Credit limit increases
  • Residency transition terms
  • Professional banking benefits
  • What happens if you change programs or leave medicine

Refer to the Government of Canada’s student lines of credit guide for more information.

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