Education Loans

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Let’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 educational journey.

Our education loans come with some sweet perks:

24-month grace period

Enjoy school while you can! Make interest-only payments while you’re studying and don’t worry about making a principle payment until two years after graduation.

Low interest rates

Enjoy a competitive interest rate while you’re in school and during the grace period.

Flexible repayment options

Take up to 20 years to pay it back! Plus, you can make principle payments on your loan at any time, without penalty. 

Student Quick Loan

  • full-time students: access up to $60,000 ($15,000/year)
  • part-time students: access up to $30,000 ($7,500/year)
  • borrow at Prime +1.00% while in school and Prime +3.50% after the grace period

Graduate Student Quick Loan

  • doctor and dentistry programs: borrow up to $200,000 at Prime -0.25% 
  • all other graduate programs: borrow up to $125,000 at Prime +1.00%


If you’re enrolled in a program offered from an accredited post-secondary institution, you qualify! All you need to do is submit Proof of Enrolment (POE) annually to prove your student status.

  • To qualify for a graduate student loan, you need to be enrolled in a graduate program after completing your undergraduate studies.
  • To qualify for a doctor or dentistry student loan, you need to be enrolled in a medical doctor or dentistry program.

No fee chequing!

Don’t forget 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!

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

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?

  • How do I request Proof of Enrolment (POE)?

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