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What's the difference between a personal loan and a student line of credit?
A personal loan allows you to borrow an amount that you repay in regular installments. Repayment is made during your studies.
Fill out a personal loan application online.
The student line of credit, or student working capital, gives you access to pre-authorized credit. The line of credit allows you to reuse the credit you pay back. You also have the option of paying only the interest until you graduate.
Apply for a student line of credit online.
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Related questions
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What scholarships does National Bank offer? Discover the various student scholarships and internships offered by National Bank. Our internships last 3 to 4 months and are all remunerated. -
What is the student line of credit? Learn more about the student line of credit. -
What can I do if I can't pay back my government student loan? If you're unable to repay your government student loan, check to see if you qualify for the Deferred Payment Plan (DPP). -
What's the difference between a personal loan and a student line of credit? Discover the difference between a personal loan and a student line of credit. You’ll be better informed and will be able to make an informed choice. -
How soon do I need to repay my student line of credit? You don't have to repay your student line of credit as long as you're a full-time student. You only have to repay the interest on the amount used each month.
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