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: Credit limit up to $15,000 per year to a maximum of $60,000 over four years of study

Part-time students: Credit limit up to $5,000 per year to a maximum of $40,000 over eight years of study

 

Graduate and Professional Students

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 or PhD Up to $60,000 over two years of study
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;

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.2

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Manageable Payments: Interest only payments while in school and for 12 months after you leave. After 12 months pay as little as 1% of the outstanding balance or 1% whichever is greater, with the option to pay off more if you like.

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Convenient Access: Access your credit through your TD Access Card1, cheques and EasyWeb online banking.


Open your line of credit