Depending on your degree, you can qualify for a credit limit of $40000 to $150000.
Plus it features a very attractive interest rate of just our Prime Rate+1%
It's Easy to Apply
To apply for your Royal credit LIne for Students - Professional Designation, you will need;
- Confirmation that you are enrolled at a Canadian post-secondary educational instituion and pursuing one of the qualifying degrees
- An estimate of your education costs (including tuition, supplies, fees, accommodations, foodm travel, etc.)
A list of your financial resources (including savings, bursaries, summer employment, etc.)
If you're not pursuing a qualigying professional degree, find out about the Royal Credit Line for Students.
Call 1-800-769-2511 to talk to a Credit Specialist and apply by phone.
Facilities:
- Its revolving line of credit, which means that instead of taking all the money up-front, you arrange with apersonal banker to have an amount of money available to you each year. That's your credit limit. You can borrow all or any of it, at any time - and you can ueuse any of it as so on as you repay it.
- There's no cost when we set up your Royal Credit Line for Students - Professional Designation and no cost until you use it. You only pay interest on the amount you actually borrow.
There is no need to visit the bank or reapply whenever you need money. You can easy to access your withdrawal from any RBC. Royal Bank personal Touch automated Banking Machine, write a cheque or use Royal Direct Telephone or Internet Banking to transfer funds.
Easy to Repay
As long as you're a full or part-time student, the only requirement is that you pay teh interest owing each month. Remember, if you haven't used any of your credit, there's nothing to pay.
After you graduate, you will have another 12 months before being required to repay any of the principal you've borrowed. We can set up a fixed payment schedule to help you repay your loan as quickly and conveniently as possible.