Education Loans

Student reading in college libraryLet’s face it — post-secondary education is expensive and the last thing you need to worry about is how you’re going to afford it. With our Student Quick Loan and Graduate Student Quick Loan, you can feel at ease as you begin your education journey.

Here are a few of the awesome features of our educational loans at Affinity:

Student Quick Loan

  • Limit of $60,000 ($15,000/year) for full-time students
  • Limit of $30,000 ($7,500/year) for part-time students
  • 24-month grace period
  • Variable rate of Prime +1.00% while in school then Prime +3.50% post-grace period
  • 20-year amortization after grace period

Graduate Student Quick Loan

  • Limit of $125,000 for graduate students
  • 24-month grace period
  • Variable rate of Prime +1.00% for graduate students
  • 20-year amortization after grace period
  • Limit of $200,000 for graduate students in medical doctor/dentistry programs
  • Variable rate of Prime -0.25% for graduate students in doctor/dentistry programs

Enjoy the flexibility

Blended payments don’t kick in until 24 months after you’ve completed school, giving you time to find a job after graduation.

No fee chequing!

Don’t forget that when you’re a post-secondary student, regardless of your age, you’re also eligible for our free Student Chequing Account. Take advantage of the free Interac e-Transfer service, unlimited transactions, free deposits and no monthly fees!

Looking to learn more? Find it here:

  • When do I apply?

  • Do I need to apply every year?

  • What should I bring when I apply for a loan?

  • What’s a guarantor?

  • Can I use my RRSP to help fund my education?

  • What’s payment protection?

Visit an Affinity advice centre near you or call our Contact Centre at 1.866.863.6237 for more information. Whether it’s textbooks, tuition, rent or all of the above, let us help so you can focus on other things, like studying!

Interac e-Transfer is a registered trademark of Interac Inc. Used under licence.