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<\/p>\r\n <\/div>\r\n
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\r\n \r\n \r\n![\"CIBC](\"https:\/\/www.finder.com\/niche-builder\/615b81501b67a.png\")
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\r\n \r\n<\/div> \r\n \r\n\r\n \r\n\r\n<\/center><\/div>\r\n \r\n \r\n
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Up to $80,000\r\n<\/p>\r\n
Loan Amount<\/p>\r\n <\/div>\r\n
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Starting at 5.45%\r\n <\/p>\r\n
APR<\/p>\r\n <\/div>\r\n
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\r\n N\/A\r\n<\/p>\r\n
Term<\/p>\r\n <\/div>\r\n <\/div>\r\n \r\n \r\n
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- \r\n Info<\/a>\r\n <\/li>\r\n
- \r\n Pros\/cons<\/a>\r\n <\/li>\r\n
- \r\n Details<\/a>\r\n <\/li>\r\n <\/ul>\r\n \r\n
\r\n\r\n\r\nHow it works<\/h4>
This CIBC student line of credit provides $80,000 in total to help you cover your post-secondary education expenses as a full-time undergraduate student up to $20,000 per year. The maximum limit is also $80,000 for graduate students but with no yearly limit. You also have a 24-month grace period after graduation before you must start repaying the principal.<\/p>
Eligibility<\/h4>
- Canadian resident<\/li>
- Age of majority<\/li>
- Haven't been declined for credit by CIBC in the last 6 months<\/li>
- Haven't declared bankruptcy in the past 7 years<\/li>
- Enrolled in an eligible program<\/li><\/ul><\/div>\r\n <\/div>\r\n <\/div> \r\n \r\n \r\n \r\n\r\n<\/div>\r\n\r\n\r\n \r\n
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- Pay off your loan any time without penalty<\/li>\r\n \r\n
- Repay over up to 20 years<\/li>\r\n \r\n
- Easy access to funds<\/li>\r\n \r\n <\/ul>\r\n \r\n <\/div>\r\n \r\n \r\n
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- Watch out for yearly limits<\/li>\r\n \r\n <\/ul>\r\n \r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n \r\n \r\n \r\n\r\n\r\n
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\r\n Loan Amount<\/span><\/th>\r\n Up to $80,000\r\n<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n APR Range<\/span><\/th>\r\n Starting at 5.45%\r\n <\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n Loan Term<\/span><\/th>\r\n N\/A<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n \r\n\r\n \r\n \r\n Requirements<\/span><\/th>\r\n Haven't been declined for credit by CIBC in the last 6 months<\/span>\r\n <\/td>\r\n <\/tr>\r\n\r\n <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n <\/div> \r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/article>\r\n \r\n \r\n \r\n \r\n
- Watch out for yearly limits<\/li>\r\n \r\n <\/ul>\r\n \r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n \r\n \r\n
- \r\n Pros\/cons<\/a>\r\n <\/li>\r\n