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LOC interest rate - BELOW PRIME


Guest MDHopeful04

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Guest MDHopeful04

Hey all,

 

It's great to read all the info on LOCs on this forum! It helped me a lot.

 

Anyways, I actually went to a CIBC branch near home today, and the personal banker was ready to offer me the Professional Edge Student LOC for BELOW PRIME, provided I could prove to him that others received below prime.

 

So, if anyone got an LOC (regardless from which bank) for med school with an interest rate below prime, I'd greatly appreciate it if contact me in one way or another.

 

Thanks.

 

MDHopeful04

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Guest Kirsteen

Hi there,

 

I think the only deal that suggested a rate below prime was that via Desjardins. In the end, it didn't seem that prime was being offered; thus, it doesn't seem to be the case that any banks are offering prime.

 

Cheers,

Kirsteen

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Guest aneliz

I have prime from Royal...

 

I have never heard of anyone getting a rate less than prime...certainly not at any of the major Canadian banks.

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Guest DrSahsi

I have prime from CIBC. It was initially prime + 1, but came down to prime rapidly as a result of competition during my medical school years. I too have yet to hear of a medical professional student loan offered below the prime rate.

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