Student Line of Credit
In your first year of college or university, everything is new including the cost of your education. A BMO Student Line of Credit helps you plan for the expenses you expect and the ones you don’t.Full-time student post-secondary or university students
- Borrow up to $15,000 in your first year and up to $10,000 in each remaining year to a 4-year maximum of $45,000.
- Easy access to funds – BMO debit card, Student Line of Credit MasterCard®* access card, write a cheque or visit any branch.
- No annual, monthly or ABM fees
- Free Student Line of Credit MasterCard access card let’s you access your Line of Credit anywhere MasterCard is accepted
- Pay interest only on what you borrow while you’re in school, and for one year post graduation
- Pay down your balance to access more funds
Are You Eligible?
You must:- Be a full-time student enrolled in a post-secondary school or university
- Be a Canadian citizen or landed immigrant
- Enrolled in a minimum 12 week program full-time with 20 hours of instruction per week
- Be in a program that will lead to a diploma or certificate
- Need help with budgeting for school? Click here for our Student Budget Calculator
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
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