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You’re about to embark on an exciting experience studying in another country. If you need help paying for school the Royal Credit Line® for Students* gives you the freedom to borrow what you need, when you need it*. With a low interest rate and the longest grace period, worry free financing has never been easier.

 

Details of the Royal Credit Line for Students

You are on: Credit Limits and Rates for Primary tabs

 

What Program are You Studying?

You are on: Medicine/Dentistry

This line of credit is specially designed for Medical or Dental students studying abroad. It gives you room to learn with up to $150,000 student line of credit at prime plus 1.75%1 per annum1.

Program Credit Limit
Medicine $150,000
Dentistry $150,000
Optometry $125,000
Psychiatry $150,000

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 $80,000 at prime + 2.75%1. 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
Masters of Accounting $80,000
Graduate Engineers $70,000
Masters of Finance $70,000
MSc Business Management $70,000

Note: All credit limit amounts are in Canadian dollars.

You are on: Health Sciences

This line of credit is designed exclusively for students studying health sciences, with limits up to $100,000 depending on your program* at prime + 2.75%1. 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
Audiologists $70,000
Chiropractors $100,000
Clinical Psychologists $60,000
Naturopathy $90,000
Nurse Practitioner $40,000
Occupational Therapy $65,000
Pharmacy $90,000
Physiotherapy $65,000
Podiatry $80,000
Speech – Language Pathology $70,000
Veterinary Medicine $90,000

Note: All credit limit amounts are in Canadian dollars.

You are on: MBA/Law

This line of credit is designed exclusively for students studying for their MBA or Law designations, with limits up to $90,000 at prime + 2.75%1. 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
Law $90,000
MBA $45,000
EMBA $90,000

Note: All credit limit amounts are in Canadian dollars.

You are on: Undergraduate/ Graduate studies

This option is for undergraduate or postgraduate students attending an accredited college or university outside of Canada. As a student, the limit you qualify for will be based on your proposed budget at prime + 3.75%1.

Program Credit Limit
General Programs/ Undergrad $90,000
Post-graduate $90,000

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.
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 2 years 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, free2 RBC Online Banking, Mobile Banking, Mobile App,2 and more2.
 

Talk To A Credit Specialist Today

Your Credit Specialist can sit down with you one-on-one to help you create a secure financial future.

 
 

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
 
 

Expand What You Need to Apply