* Borrow up to $300,000. Recommended limit guidelines are based on medical programs offered through Canadian post-secondary institutions. Approval subject to applicants meeting CIBC’s lending criteria. Credit limit, including limits for part time students, are determined by CIBC, in its sole discretion. Qualified guarantor may be required. Ongoing access to your Professional Edge® Student Line of Credit and annual credit limit increases (if applicable) subject to proof of enrolment, a continued good payment history and credit record, and a satisfactory cash flow analysis, determined by CIBC in its sole discretion. Products and their features may change at any time. Rate is applicable to accredited Canadian medical schools only.
† CIBC Prime Rate was RDS%rate.PRIME.Published(null,null,null,null)(#O2#)% on RDS%SYSTEM_DATE(#M# #d#, #Y#)%. View Loans and Lines of Credit for current rates. CIBC Prime Rate 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 your line of credit will change whenever CIBC Prime varies and/or whenever we change your variable interest rate in our sole discretion.
1 If you leave your program without graduating, your CIBC Professional Edge® Student Line of Credit will automatically convert to a CIBC Personal Loan with set principal and interest payments.
2 Up 24 months after graduation from an accredited Canadian medical school, or residency in Canada, or 12 months for medical schools or residency outside of Canada.