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Student Line of Credit
Student Line of Credit
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A Student Line Of Credit Is About Having Fast Access To Money When You Need It

Let BMO help you build a plan for your costs - including those that are unexpected -
with a Student Line of Credit:

  • Low interest rates - set at BMO's prime rate plus 1%.
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  • Credit limit - borrow up to $15,000 in your first year and $10,000 in each
    remaining year to a 4 year maximum of $45,000 for full-time students.
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  • Lower borrowing costs than a student loan - pay interest only on the amount
    you actually use.
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  • Easy access to funds - use your BMO debit card or your Student Line of Credit
    MasterCard®*, write a cheque or visit a BMO branch.
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  • Easy repayment - monthly interest-only payments up to one year after
    you leave school.
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  • No fees - no annual or monthly fees; no ABM fees.

Need help as you pursue your graduate studies?
Need help as you pursue your professional designation? BMO Bank of Montreal offers Professional and Medical Student Lines of Credit are designed to meet your specific needs. Learn more.

Apply for a BMO Student Line of Credit:

Student Line of CreditOpen a Student Line of Credit and you will be automatically entered for your chance to WIN $5,000.

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Collect AIR MILES®† with your Student Line of Credit.

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