FinviloStudent lines of credit: TD vs CIBC vs National Bank
Bank student lines of credit usually let you pay interest only while in school, with full repayment starting after a grace period. Limits and co-signer rules differ.
| Feature | TD Canada Trust | CIBC | National Bank of Canada |
|---|---|---|---|
| Where available | Not confirmed. Ask the provider about residence and membership requirements. | Not confirmed. Ask the provider about residence and membership requirements. | Not confirmed. Ask the provider about residence and membership requirements. |
| Annual limit | Up to CAD 20,000. | Not confirmed | Not confirmed |
| Co-signer | Required for college or undergraduate applicants. | Not confirmed | Not confirmed |
| Overall limit | Up to CAD 80,000, subject to program conditions. | Not confirmed | Not confirmed |
| Repayment | Interest-only while studying; principal deferred until 24 months after leaving school. | Interest-only during school and 12 months after graduation, or six months after leaving without graduating. | Not confirmed |
| Institution | Not confirmed | Accredited Canadian university, college or trade school. | Not confirmed |
| Full-time undergraduate annual limit | Not confirmed | CAD 20,000. | Not confirmed |
| Program limit | Not confirmed | CAD 80,000 recommended limit. | Not confirmed |
| Principal repayment | Not confirmed | Not confirmed | When starting a full-time job or 12 months after full-time studies end. |
| While studying full time | Not confirmed | Not confirmed | Monthly interest only. |
| Annual requirement | Not confirmed | Not confirmed | Branch visit to update the file; limit may be reviewed. |
| Eligibility | Not confirmed | Not confirmed | Full-time or part-time post-secondary student; Canadian citizen or permanent resident. |
| Details | Full profileOfficial provider page | Full profileOfficial provider page | Full profileOfficial provider page |
Our take
Use government student aid first, since federal Canada Student Loans do not charge interest. A bank line is a top-up; compare the limit you need and when principal repayment begins.
Rates and fees change. Confirm current terms on the provider's official page before applying. General information, not personalized advice.