Higher Education Lines of CreditWhen you decide to pursue your education, we can help.
A Casera Higher Education Line of Credit is designed to assist members whose financial resources limit their ability to further their education. A line of credit is set up to cover your expenses relating to continuing education, such as tuition, books or equipment.
Payments are interest-only while you are enrolled in school and for a six-month period after you are no longer a student. Interest is calculated on the closing daily balance at prime rate +1% and charged to your account at the end of every month.
Benefits | Features |
Low-cost | Variable prime rate +1%. Repayment is interest-only while in school. |
Great for budgeting | Credit limit pre-determined. Separate education chequing account. ATM access not available. |
Online convenience | Manage your account online with CU@HOME®. |
Saves money | Interest calculated on the daily outstanding balance and paid monthly. |
Detailed management | Transactions and balances appear on monthly e-statements. |
Peace of mind | Life insurance is available. |
Time-savings | Apply just once. |
Fees | |
Line of Credit | • FREE |
Casera has a wide range of financial solutions for young people, including accounts for children, youth and young adults. Check it out.