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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Professional or Medical Student Lines of Credit

Pursuing a professional designation demands focus. BMO Professional or Medical Student Lines of Credit let you stay focused on what’s important—your studies.

Professional and Medical students

  • Borrowing designed for your specific program
  • Easy access to funds – BMO debit card, write a cheque or visit any branch.
  • No annual, monthly or ATM fees
  • Pay interest only on what you borrow while you’re in school1 and for up to one year after graduation, followed by a gradually escalating repayment schedule
  • Ask us about repayment plans for your program2
  • As you pay down your balance (and monthly interest payments) you can keep borrowing up to your credit limit

Available Credit Limits

Program Credit Limit Per Year Total Maximum Credit Limit
Medical Student Line of Credit
Medicine (Medical Doctor) $50,000 $200,000
Professional Student Line of Credit*
Dentistry $50,000 $200,000
Chiropractics $20,000 $80,000
Optometry $20,000 $80,000
Law $20,000 $80,000
Accounting $20,000 $80,000
Pharmacy $20,000 $80,000
Veterinary Medicine $20,000 $80,000
Master of Business Administration (MBA) $10,000 $50,000


1Includes up to 2 years of specialty studies for Dentistry Professional Student Line of Credit and for Medical Student Line of Credit monthly interest payments applies to a maximum of 7 years of residency.

2Applies only to Dentistry Professional Student Line of Credit and for Medical Student Line of Credit only. Certain conditions apply. Visit your local branch or call 1-877-CALL-BMO for complete details.

*A co-signer may be required. Subject to credit availability and verification of identity.

Are You Eligible?

You must:
  • Be a Canadian citizen or landed immigrant
  • Be enrolled in a Canadian or non-Canadian post-secondary school or university
  • Meet BMO’s usual credit criteria


The Student Line of Credit is a part of the BMO Student Six Pack. Find out more about how you can take advantage of more great services designed just for students.

Learn more about the BMO Student Six Pack

Questions? Ready to Apply?
Book your own appointment. Get Started.
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