DentistWannaBe Posted December 6, 2007 Report Share Posted December 6, 2007 what is the interest rate on getting student loan from CIBC? Thanks I meant to type CIBC as the title Sry Link to comment Share on other sites More sharing options...
koft Posted December 6, 2007 Report Share Posted December 6, 2007 Shouldn't it be around Prime! ________ Drug test kit Link to comment Share on other sites More sharing options...
dr.drill Posted December 7, 2007 Report Share Posted December 7, 2007 Shouldn't it be around Prime! CIBC does not give you a lump sum. They will give you $100,000 or more, but you need to apply for increases every year. Go to RBC and get $150,000 at prime, and tell them you want to stay at prime for at least a year after you graduate. Right now just to pay the interest at prime on a $100,000 LOC, the monthly payment would be around $600-700 in INTEREST ONLY. Use it with caution. Link to comment Share on other sites More sharing options...
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