Updated October 27, 2018
Not all institutions offer the same products and their features will vary. Make sure to compare loan offers to find the ones that fit your needs.
Students can get access to lines of credit to fill gaps in their funding.
Unlike everybody else who applies for a line of credit, students are not expected to have income or credit history.
But not all programs qualify and some lenders require someone to co-sign your loan.
The size of your bank loan depends on your expenses, which province your school is in, whether you are a full / part-time student, and what program you're studying.
Banks favor professional programs because they tend to have higher earning potentials (like engineering, medicine, law, and certain trades). Bringing a co-signer / offering security can improve the bank's offer. Some banks may reject you unless you can bring a co-signer / offer security - even if you're in the "right" programs.
The bank will want to verify:
As a student, you'll have to make regular interest payments on your credit line / term loan as soon as you draw / get the money.