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If you’re attending college or university outside of Canada, we have the funding you need to help further your education and gain international experience. The Royal Credit Line^® for Students is a great option for you, with preferred student interest rates and the credit limit you need.

Details of the Royal Credit Line for Students

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You are on: Credit Limits and Rates for Primary tabs

What Program are You Studying?

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You are on: Medical/Dental

This line of credit is specially designed for Medical/Dental students studying abroad. It gives you room to learn with up to $150,000 student line of credit¹ at prime plus 1.75% per annum and no limits on how much you can borrow annually.

Program	Credit Limit	Interest Rate¹
Optometry	$125,000	Prime + 1.75
Psychiatry	$150,000	Prime + 1.75
Family Practice	$150,000	Prime + 1.75
Doctor Specialists	$150,000	Prime + 1.75
Dentists	$150,000	Prime + 1.75
Dental Specialists	$150,000	Prime + 1.75

Note: All credit limit amounts are in Canadian dollars.

You are on: Professional Students

This line of credit for Professional Students is designed exclusively for students like you, with limits up to $100,000. Plus, we provide a full range of services to help you manage your financial affairs while you pursue your professional degree abroad.

Program	Credit Limit	Interest Rate¹
C/As	$80,000	Prime + 2.75
Law	$80,000	Prime + 2.75
MBA/EMBA	$80,000	Prime + 2.75
MBA - JD	TBD	Prime + 2.75
Masters of Finance	TBD	Prime + 2.75
MSc Business Management	TBD	Prime + 2.75
Veterinary Medicine	$80,000	Prime + 2.75

Note: All credit limit amounts are in Canadian dollars.

You are on: Special Programs

This line of credit is specially designed for students studying Special Programs outside of Canada. We offer limits up to $80,000 for a student line of credit¹ and no limits on how much you can borrow annually.

Program	Credit Limit	Interest Rate¹
Registered Nurses	$40,000	Prime + 3.75
Physiotherapy	$45,000	Prime + 3.75
Occupational Therapy	$45,000	Prime + 3.75
Chiropractors	$55,000	Prime + 3.75
Graduate Engineers	$55,000	Prime + 3.75
Clinical Psychologists	$60,000	Prime + 3.75
CMAs	$60,000	Prime + 3.75
CGA’s	$60,000	Prime + 3.75
Dental Hygienists	$60,000	Prime + 3.75
Physicians Assistants	$60,000	Prime + 3.75
Podiatry	$75,000	Prime + 3.75
Pharmacy	$80,000	Prime + 3.75
Mid-Wifery (BC)	$80,000	Prime + 3.75
Mid-Wifery (Ontario)	$80,000	Prime + 3.75
Speech – Language Pathology	TBD	Prime + 3.75
Speech – Language Audiologists	TBD	Prime + 3.75

Note: All credit limit amounts are in Canadian dollars.

You are on: General Post-secondary

This option is for undergraduate or postgraduate students attending an accredited college or university outside of Canada. We offer lines of credit of $10,000 per year with flexibility based on your proposed budget and repayment plan.

Program	Credit Limit	Interest Rate¹
General Programs/ Undergrad	$10,000	Prime + 3.75
Post-graduate	$10,000	Prime + 3.75

Note: All credit limit amounts are in Canadian dollars.

You are on: Features and Benefits for Primary tabs

Features and Benefits of the Royal Credit Line for Students
No annual fee	There is no annual service fee or cost to set up your line of credit. Plus, there's nothing to repay if you don’t use the credit line.
Pay interest only	Only pay the interest on what you owe while you're still in school and continue to pay only the interest for 12 months after graduation or residency.
Easy repayment	RBC Royal Bank^® offers easy and flexible repayment options, plus we will set up a fixed payment schedule to help you repay your loan.
Rate doesn’t change	Your interest rate will not increase after graduation or medical residency.
Easy to access	You have 24/7 access to your funds and everything you need to manage your funds, including ATM access, free* RBC Online Banking, Mobile Banking, Mobile App,^* travelers cheques, and more^*.
Use your credit again and again	The Royal Credit Line for Students is a revolving line of credit⁺, which means that instead of taking all the money up-front, you arrange to have an amount of money available to you each year. That's your credit limit. And you can reuse any of it as soon as you repay it as long as your account is in good standing.

Talk to a Credit Specialist and Apply Today

Speak to one of our experienced credit specialists with any questions or to apply.

Call 1-866-719-2882

How to Qualify

All applicants for the Royal Credit Line for Students must:

plan to study at a post-secondary school outside of Canada
be a Canadian citizen or have landed immigrant status
have a co-signer

Application Checklist

	Confirmation of enrollment
	Summary of all of your education costs
	List of all other financial resources
	Speak to a credit specialist at 1-866-719-2882

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