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Student loan

You’re a student and you benefit from the provincial program of financial aid to students. Spare yourself the tedious task of managing your student loan and let your Laurentian Bank branch handle it for you!

Once you’ve been approved for a loan by the Department of Education, the Laurentian Bank can handle everything and deposit all sums received from the government directly in your account. It’s a hassle-free solution that will let you free to study!

CHARACTERISTICS*
Amount Determined annually by the Ministère de l’Éducation, du Loisir et du Sport.
Interest rate during the studies
  • Interests are the government’s responsibility during the studies.
Interest rate after the studies
  • Variable interest rate according to the Bank of Canada’s preferred rate.
  • The fixed rate is also available.
Terms
  • Terms available from 1 to 10 years.
  • The term will vary according to the amount on loan.
Repayment terms
  • Monthly, weekly or bi-weekly repayments: principal and interests.
  • Penalty-free reimbursement before term.

Consult our posted rates.


Summary

This financing product is suited for you if:

  • You benefit from a student loan from the Department of Education;
  • You wish to keep the administrative tasks of your student loan to a minimum.


This financing product is not suited for you if:

  • You do not have access to the financial aid to students program from the Department of Education.



Legal notice

* Some restrictions may apply. Please consult the Financial Aid Agreement under the terms of the Act respecting financial assistance for students.

 

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