Student Line of Credit
There's a Student Line of Credit just for you.
Our student lines of credit have competitive variable interest rates based on TD Prime Rate
Undergraduate Students
Full or part-time post-secondary students in an accredited Canadian university or college3.
Full-time students: Depending on your program, credit limit up to $15,000 per year to a maximum of $60,000 over four years of study2
Part-time students: Depending on your program, credit limit up to $5,000 per year to a maximum of $40,000 over eight years of study2
Graduate
Enjoy all the benefits of a Student Line of Credit with higher limits.
| Program | Credit Limit Amount (including any existing TD Student Line of Credit debt) |
|---|---|
| Masters | Up to $60,000 over two years of study |
| PhD | Up to $60,000 over two years of study |
Provide proof of enrolment each year by texting us, uploading online or visiting a branch. Once received and confirmed, your annual funds will be available.
Depending on the Masters or PhD program you are enrolled in, get additional banking benefits when you open a Student Line of Credit with TD.1
Professional
Enjoy all the benefits of a Student Line of Credit with higher limits.
Plus, get big sound with a Free UE BOOM2® Wireless Bluetooth Speaker3 when you open a new Professional Student Line of Credit and an All-Inclusive Banking Plan by October 31, 2017. Find out how to get yours.
| Program | Credit Limit Amount (including any existing TD Student Line of Credit debt) |
|---|---|
| Chiropractic/Pharmacy | Up to $100,000 over four years of study |
| Optometry | Up to $125,000 over four years of study |
| Law | Up to $100,000 over three years of study |
| MBA | Up to $100,000 over your study period |
| Dental | Up to $275,000 with no annual re-application; access up to $85,000 in your first year of study |
| Medical | Up to $275,000 with no annual re-application; access up to $85,000 in your first year of study; continued access during residency |
| Veterinary | Up to $140,000 with no annual re-application; access up to $31,000 in your first year of study; |
Provide proof of enrolment each year by texting us, uploading online or visiting a branch. Once received and confirmed, your annual funds will be available.
A line of credit is a flexible way to borrow
We have student lines of credit that can help you pay for tuition, books, living expenses and more.
Low interest rates: Competitive variable interest rates based on TD Prime Rate, plus the same interest rate applies before and after completing school.1
Manageable Payments: Interest only payments while in school and for 12 months after you leave. After interest-only period, a regular repayment schedule that fits your needs.
Convenient Access: Access your line of credit through your TD Access Card3, cheques and EasyWeb online banking.
Open your line of credit
1 Subject to the terms of your Line of Credit Agreement.
2 Students must provide proof of enrollment each year to receive scheduled release.
3 Fees may apply for Interac® access and the use of other ATMs.