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StudentFLEX™ Line of Credit

Designed for full-time and part-time students pursuing post-secondary education.

Flexible financing to help cover school expenses

Rates Vary
Ask us for details
Features of this line of credit
  • Borrow $5,000 or more
  • Ability to use funds as you need them and make monthly interest-only payments on what you use
  • Access your line of credit through digital banking, ATMs, cheques, and at any branch
  • Make monthly, interest-only payments while you’re in school, and for 12 months following the program to help reduce the financial burden while you begin your job search

Benefits included with all of our lines of credit

Pay interest only on the amount you use, with competitive and affordable rates


Receive answers quickly and efficiently with in-house approvals


Select payment options and terms that fit your budget


Enjoy the convenience of applying once, then using your funds whenever you need

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Get ready for your lending meeting

Meeting with a lending specialist is a great opportunity for you to ask questions and explore your borrowing options. Here’s what we need you to bring.

Download our checklist

Tips & tools

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Explore related products

Our StudentFLEX Line of Credit pairs well with our StudentFLEX Daily chequing account and our High Interest Savings Account.
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Manage your accounts on the go

Enjoy free access to online banking and our mobile app anytime, anywhere. Visit our digital banking centre to learn how to get started.
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Keep better track of your spending

As you get ready for postsecondary school, it’s a great time to start or adapt your budget. Our student budgeting tool can help.

Personal borrowing rates

Interest Rate
Standard loan rate 7.20%
Line of Credit 8.20%
Personal Loan 8.20%
StudentFLEXTM Line of Credit Rates Vary
Overdraft Link Line 18.0%
e-Loan Rates Vary

Loan / line of credit / mortgage insurance coverage is optional and is underwritten and provided by CUMIS Life Insurance Company.  Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.

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Get advice

Please fill out this form to submit your questions/comment or you could contact our Member Contact Centre at our toll-free number

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