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Best for Students:

  • In a university undergraduate program
  • Attending college or trade school
  • Graduate Programs
    (Not covered as part of Professional Studies)

Features and Benefits

Here’s what comes with the Royal Credit Line for Students:

  • A range of credit limits. Based on program of study, to help you meet your borrowing needs. Limits start at $5,000.
  • Lower interest rates. Competitive interest rates as low as Prime Rate plus 1%Legal Disclaimer 5 based on program of study, budget and qualifications.
  • More time to repay. After you’ve finished school, you have up to 2 years before you need to start repaying the principal amount. In the meantime, you have full access to your credit line.
  • Optional LoanProtector® Insurance. Designed to provide financial backup during difficult times, LoanProtector life and disability10or critical illness insurance provides low-cost, valuable protection for you and your loved ones.Legal Disclaimer 7
  • Co-signor is required.
  • Study Abroad Program. Planning on an exciting studying experience in another country? We can help! Learn more here.

What You Need to Apply

  • Confirmation that you are enrolled at an eligible Canadian post-secondary educational institution or Canadian Medical or Dental educational institution.

    • Invoice or receipt of payment for tuition
    • Proof of enrolment letter from the Registrar’s Office
    • Acceptance letter that includes proof of payment for tuition deposit
    • Printout from the Registrar’s Office website
  • An estimate of your education costs (including tuition, supplies, fees, accommodations, food, travel, etc.) Get started with our Student Budget Calculator.
  • A list of your financial resources (including RESPs, scholarships/bursaries, government funding, summer employment, etc.)

Note: Applications are subject to credit approval. If your credit history is limited, or you are studying at an educational institution outside of Canada, a co-signor may be required.

Student Banking Offers

RBC Advantage Banking for Students


  • Earn 3X Avion points for every $1 spent on groceries, food delivery, rides, gas, streaming, subscriptions, digital gaming and more.Legal Disclaimer11
  • Get up to 7,000 Avion points with the RBC ION+ Visa CardLegal Disclaimer3 - that's up to a $50 value in gift cards!
  • No annual fee with an RBC Advantage Banking for students account.Legal Disclaimer 4

More Tools to Help You Plan

Student Budget Calculator

Figure out how much money you'll need to get through the school year

Debt Reduction Plan

Reducing your debt starts with making a plan.

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.

Contact a RBC Credit Specialist



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