The Office of Learner Well-Being and Success

Financial Guidance - Personal Lines of Credit

During medical school interest that accrues on a Personal Line of Credit (PLC) is capitalized. This means that every month the bank calculates the interest owing on your PLC balance and then adds that amount directly to the PLC. This increases the amount owing on your line of credit and means that you are paying interest on interest. The links below provide information on the Personal Lines of Credit available for Student Professionals:

TD Canada Trust
RBC Royal Bank
BMO Bank of Montreal
MD Management