Loans and Lines of Credit › Student Line of Credit

Student Line of Credit

Flexible options designed for students

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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 Up to $100,000 over four years of study
Optometry/Pharmacy 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.

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Low interest rates: Competitive variable interest rates based on TD Prime Rate, plus the same interest rate applies before and after completing school.1

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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.

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Convenient Access: Access your line of credit through your TD Access Card3, cheques and EasyWeb online banking.


Open your line of credit