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Get the Funding You Need - Call 1-866-719-2882

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

You are on: Credit Limits and Rates for Primary tabs

 

What Program are You Studying?

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.

  • phone 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
 
 

In association with:

Global Education Management Services logo