Student Line of Credit from BMO Bank of Montreal

A Student Line of Credit from BMO Bank of Montreal gives you access to the money you need, when you need it. Use it to pay for tuition, books, living expenses and other unexpected costs. Unlike a traditional loan, once your BMO Student Line of Credit is approved, you can: Apply for up to the full amount required for program at the time of initial application to a maximum of $45,000 Borrow up to $15,000 in your first year and $10,000 in each remaining year to a maximum of $45,000 Make interest only payments on the amount you actually use Access funds you need, when you need them, as many times as you want (up to your maximum credit limit) Gain easy access to your Student Line of Credit through a FirstBank® Card or your Student Line of Credit MasterCard, by writing a cheque or by visiting any BMO Bank of Montreal branch Make monthly interest-only payments up to one year after you leave school Plus there’s no annual or monthly fees.
Get exclusive discounts at thousands of Student Price Card retailers nationwide for NO ADDED FEE. It’s like two great cards rolled into one. BMO Mosaik MasterCard knows that not all students are the same. That’s why we offer the BMO SPC Mosaik MasterCard – a card you can customize to suit your style. And as you build your credit record², you can add or change your credit card features easily at any time