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1 The calculation is based on the information you provide and is for illustrative and general information purposes only. This should not be relied upon as specific financial or other advice. Actual results and loan or line of credit payment amounts and repayment schedules may vary. Calculator assumes a constant rate of interest.
2 Approval for all student loan and line of credit products is subject to CIBC’s lending criteria. Amount of credit determined by CIBC, in its sole discretion. Qualified guarantor may be required. Other conditions and restrictions apply.
3 Conversion of your CIBC Education Line of Credit to a loan is subject to CIBC’s regular lending criteria and credit approval. Loan amount will be determined by CIBC in its sole discretion.
*CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on the education line of credit may change at any time without notice and will also change whenever CIBC Prime changes.
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