LOC Repayment Question

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Grey17

Full Member
10+ Year Member
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Hello all,

There are many threads about LOC's, but I'm hoping someone can answer a question I have pertaining to repayment plans/fixed payment schedules.

For those receiving a LOC from any of the large banks in Canada, do the repayment plans differ much between banks, or are they are relatively similiar? I know most banks give you one year interest free after you are done school, but I do not know much about the plans themselves.

I know about the different LOC options and the varying interest rates, but I'm asking about the repayment plans specifically.

Thanks!