We’ve done some research for you comparing  Bank student loans

Updated October 27, 2018​

​​Not all institutions offer the same products and their features will vary.  Make sure to compare loan offers to find the ones that fit your needs.​

Students can get access to lines of credit  to fill gaps in their funding. 

​Unlike everybody else who applies for a line of credit, students are not expected to have income or credit history.

But not all programs qualify and some lenders require someone to co-sign your loan.

bank student loans

​​How much will banks lend you?

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The size of your bank loan depends on your expenses, which province your school is in, whether you are a full / part-time student, and what program you're studying. 

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Banks favor professional programs because they tend to have higher earning potentials (like engineering, medicine, law, and certain trades). Bringing a co-signer / offering security can improve the bank's offer. Some banks may reject you unless you can bring a co-signer / offer security - even if you're in the "right" programs.

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The bank will want to verify:

• Proof of enrollment at a Canadian post-secondary institution (college / university).
• The cost of your education - including tuition and residence / textbook / living expenses.
  
• A list of your financial resources - scholarships, government assistance, savings, and income from part-time jobs / other sources.
• Proof of your Canadian citizenship (passport or birth certificate) / landed immigrant status (citizenship certificate).
  

​​As a student, you'll have to make regular interest payments on your credit line / term loan as soon as you draw / get the money. 

• You won't have to start making principal payments until you graduate - this means your loan will have a term greater than the length of your program).