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    Medical Residency Loans

    Medical school was hard. Preparing for
    residency doesn’t have to be.

    Rates as low as

    #ProductLine=Edfi|Brand=citizensbank|ProductSet=medicalResidencyProductSet|Disclosure=disclosure|DisclosureName=studentVariable|DisclosureAttribute=APRMin# APR Variable1

    #ProductLine=Edfi|Brand=citizensbank|ProductSet=medicalResidencyProductSet|Disclosure=disclosure|DisclosureName=studentFixed|DisclosureAttribute=APRMin# APR Fixed1

    Get Started

    A Loan to Fit Your Needs

    Secure the money you need to cover your post-graduate medical residency and internship expenses with a Citizens Bank Student Loan® for Medical Residency. Borrow up to $20,000 and choose from competitive fixed and variable rates and repayment options that fit your schedule and budget. We also offer loans with Multi-Year Approval2, so you’ll know how much money we will lend you across multiple years of residency. In year two and beyond, the application is simplified, such that after a soft credit check, you can request your funds for the upcoming year. Learn More

    • Fixed Rates

      #ProductLine=Edfi|Brand=citizensbank|ProductSet=medicalResidencyProductSet|Disclosure=disclosure|DisclosureName=studentFixed|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=medicalResidencyProductSet|Disclosure=disclosure|DisclosureName=studentFixed|DisclosureAttribute=APRMax# APR1

      Your interest rate will remain constant over the life of your loan and your monthly payment amount will remain the same.

      Rate and Repayment Examples
    • Variable Rates

      #ProductLine=Edfi|Brand=citizensbank|ProductSet=medicalResidencyProductSet|Disclosure=disclosure|DisclosureName=studentVariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=medicalResidencyProductSet|Disclosure=disclosure|DisclosureName=studentVariable|DisclosureAttribute=APRMax# APR1

      Get a potentially lower rate and lower monthly payments. The interest rate will fluctuate monthly, and therefore, your monthly payment amount will vary over time.

      Rate and Repayment Examples

    3 Reasons to Choose Citizens Bank

    • Easy

      Multi-Year Approval

      Multi-Year Approval is a simple way to secure money for your expenses during medical residency and post-grad internship programs with just one application.

      Learn More

    • Affordable

      Low rates
      to save you more

      Lower our competitive rates by 0.50%4 with our loyalty and auto payment discounts plus save with no application, origination, or disbursement fees.

      View our rates

    • Flexible

      Payments on your schedule
      — not ours

      Choose how and when you want to pay. Make full (principal and interest) or interest-only payments, or request to put your payments on hold for up to 48 months during your residency.

    Medical Residency Loan Features

    • Repayment

      Choose from 5 or 10-year terms. You can defer repayment of the loan while in school and request an extension for up to 48 months while you are in a residency program. View our repayment examples.

    • Eligibility3

      • Must be a U.S. citizen or permanent resident, or have a U.S. citizen cosigner
      • International students can apply with a creditworthy U.S. citizen or permanent resident cosigner
      • Borrowers must have graduated in the last 12 months OR be enrolled at least half time AND be in their second or later year of medical studies
      • All borrowers must be planning to participate in an MD, DMD, DDS, OD, DO, PharmD, DPM, or DVM residency program after graduation
    • Loan Amounts

      Minimum: $1,000
      Maximum: $20,000

      Aggregate student loan limit of $350,000 applies.

    3 Easy Steps to Apply

    Completing your residency takes time; applying for a loan with Citizens doesn’t. Submit an application in 15 minutes with these 3 easy steps.

    Get Started


    Complete the online application

    Apply from your computer or mobile device.* You also have the option to add a cosigner, which may increase your likelihood of approval, and getting the most favorable rate. 


    Select your rate and terms

    Choose a fixed or variable rate, the loan term, and how and when you want to repay the money.


    Sign and accept

    You and your cosigner (if applicable) will sign and accept your loan documents electronically.

    Learn More About
    Medical Residency Loans

    Funding your medical residency may be one of the biggest financial decisions you’ll make in your lifetime. Make sure you have all the information you need before you sign by reading the information below. Of course, if you have additional questions, you’re always welcome to Ask a Citizen.

    • What do I need to apply? 

      To complete your application, you and your co-signer (if applicable) must have the following information:

      • Name, address, phone number, email address
      • Date of birth
      • Social Security Number
      • Recent pay stub (no more than 30 days old) or other proof of income and monthly housing payment
      • Employer name, phone number and length of employment (if applicable)
      • Loan amount needed
      • Student's anticipated graduation date (if applicable)
      • Cosigner name and valid email address (if applicable) 
    • Are there any fees for Citizens Bank Student Loans?
      Citizens Bank Medical Residency Loan has no origination, application, or disbursement fees.
    • Are cosigners required?
      You need to present a strong credit profile, which is derived from your credit score and ability to repay. Although a cosigner is not required, applying with a creditworthy cosigner could increase your chances of approval and may result in a lower interest rate.
    • What are my repayment options?
      • Immediate - Pay both the principal and interest amounts while enrolled in school or during your residency
      • In-School Interest Only - Make interest payments but defer payments on the principal amount
      • Deferred - Make no payments while in school and for up to 48 months during your residency
    • What is the deferment period?
      You may defer repayment of your loan while in school and request an extension for up to 48 months while you are in a residency program.
    • What is Multi-Year Approval?
      Citizens Bank is committed to staying with you all the way through graduation. Multi-Year Approval2 provides an easy way to secure funding for additional years in school, without needing a hard credit inquiry for subsequent requests for funds in those later years. When you apply, you will be presented with the total amount you are eligible to borrow for all the years you are in school. If approved, you will be notified after you have submitted your application. This feature is available for both Citizens Bank Student Loan and Citizens Bank Student Loan for Parents. Please note: International students are not eligible for Multi-Year Approval.

    Want to learn more? See all of our FAQs.

    Speak with a Student Lending Advisor

    Mon – Fri: 8:00 am – 9:00 pm ET
    Sat: 8:30 am – 5:00 pm ET

    Helpful Tools

    Questions? Ask a Citizen.
    Questions? Ask a Citizen.

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