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The best and obvious choice is the government backed Canada Student Loan, which is based on a student's financial need. Students can choose from a fixed interest rate(prime plus 5 per cent) or floating rate(prime plus 2.5 per cent). Another option is the student line of credit, a product that is offered by several Canadian financial institutions, the interest rates are generally lower than other borrowing vehicles, typically at a prime rate of 1.5 per cent.

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Q: Which banks offer the best student loan rates in Toronto?
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