Student line of credit

Focus on your studies—not your finances!

At a glance

If you're not eligible for government assistance or need additional financing, consider a student line of credit.1 It offers a better interest rate than a regular line of credit; your credit limit is based on your tuition fees and level of studies.

Perfect if you are looking to:

  • Buy a computer, pay your tuition fees, etc.
  • Access credit easily (at the ABM, online, etc.)
  • Pay only interest until you finish your studies1
  • Reuse the credit you've already repaid when you need it
  • Protect your loan with loan insurance

How your student line of credit works

Line of credit during your studies

During your studies1

  • You don't need to repay your balance while you're a full-time student
  • Only repay the interest on your balance each month
  • You can reuse the credit you've repaid at any time
  • Visit the branch once a year to update your file
  • Your credit limit can be reviewed each year
Line of credit after your studies

After your studies1

  • Start repaying your line of credit when you take on a full-time job or 12 months after the end of your full-time studies2
  • Your repayment period will be based on the outstanding balance
  • Convert your student line of credit to a personal line of credit1 and enjoy more flexible repayment terms

Need financing to continue your studies?

Make an appointment
Magic wand icon


You could get a preferred rate on your student line of credit if you're enrolled in a program that qualifies for our offer for students.

Little details that matter

You must meet the following criteria:

  • Be a full-time or part time, post-secondary student
  • Be a Canadian citizen or a permanent resident

You must visit the branch once a year to update your file. Bring the following documents to your meeting:

  • Two valid pieces of ID
  • Proof of full-time student status (proof of registration or class schedule)
  • Your most recent transcript

The maximum amount you are entitled to is determined according to your tuition fees and level of studies.

Offered to Quebec residents only.

As a participant in the Quebec government's Loans and Bursaries Program, National Bank can help you get fast access to the financial assistance you need.


  • You don't have to pay any interest while you're a student.
  • You aren't required to start repaying your loan until six months after you complete your studies. However, interest accrues during that period.
  • You can generally take advantage of flexible payment terms once you've completed your studies.

Steps to follow

  1. Apply online or get an application form from the Ministère de l'Éducation, du Loisir et du Sport du Québec or the student aid office at your educational institution.
  2. Complete the form and send it to the address indicated.
  3. The government will examine your application and send you a notice informing you of the decision. If you're eligible for a student loan, the notice will indicate the amount that has been granted.
  4. Pick up your Guarantee Certificate from your educational institution.
  5. Go to a National Bank branch with your Guarantee Certificate and proof of identity in order to have your loan amount deposited into your account.

To learn more, visit the Government of Quebec's student financial aid website.

Prime (P) = ${p1.tauxBase|percent:"true"}

Student lines of credit



Student Line of Credit

P + 1.00% = 8.20%

Quebec student loan

Class B and Class E loans*


Variable rate

P + 0.50% = 7.70%

* Interest rate on Quebec student loans with interest payable by the borrower (Class B = full-time, Class E = part-time)

Class C loans

1 year


P + 1.00% = 8.20%

* Interest rate set on disbursement date and revised annually for computer loans (Class C)

TM National Bank All-In-One is a registered trademark of National Bank of Canada.

  1. Subject to credit approval by National Bank.
  2. For students in medicine, dentistry, pharmacy, optometry, veterinary medicine, chiropractic and engineering: No principal and interest payments required until 12 months after the end of studies or loss of full-time student status (subject to not exceeding the authorized credit limit). However, interest accrues during this period and is compounded monthly.
  3. Subject to not exceeding the maximum line of credit amount available, i.e., 65% of the value of the property.

Learn about our other financing solutions

Personal Loans

Choose a fixed or variable rate loan to help you with a major purchase or goal.1 Loans are usually approved within 24 hours.

See our personal loans

National Bank All-In-OneTM

Leverage your home equity3.

See the National Bank All-in-One

Study without financial worries

Meet with an advisor to find the financing solution that's best for you.

Make an appointment

Picto of a question mark in a circle
Locator icon