Borrow Better with a Student Line of Credit

Apply and be approved for a TD Student Line of Credit by October 31st, 2025, and you could be eligible for a $200, $550 or $1,000 cash offer1, depending on your program of study. Eligible chequing account required. Conditions apply.

Why apply for a Student Line of Credit?

  • Access credit conveniently

    Get funds through your TD Access Card2, EasyWeb, TD app, ATMs and cheques.

  • Use and reuse3 your credit

    Apply just once for credit and have it for as long as you’re in school4.

  • Interest-only payments while you study

    No principal payments are due until 24 months after you leave school.

  • Make repayment manageable

    Once you leave school, your line of credit converts to a student loan.

Credit customized to your level of study

Students enrolled in a full or part-time program in an accredited university or college pursuing a Bachelor’s Degree, Certificate or Diploma could be eligible for a $200 cash offer. Limited time offer.

  1. Full-time students: up to $20,000 per year, to a maximum of $80,000 over four years of study6

  2. Part-time students: up to $20,000 per year, to a maximum of $80,0006

Program

Interest Rate

Post-Secondary Certificate Program

TD Prime Rate  + 1.50%

Undergraduate

TD Prime Rate  + 1.00%

Undergraduate - Honors Business Administration (University of Western Ontario)

What to bring to your appointment

  1. For an Undergraduate Student Line of Credit, you’ll probably need a co-signor (most other applications don’t need a co-signor)

  2. Your current address (if you’ve been there less than three years, we’ll need your previous address as well)

  3. The sources and amount of your annual income

  1. Your monthly payments (loans, credit cards, lines of credit)

  2. Your household expenses (utilities, property tax, insurance, etc.)

  3. Proof of enrollment

Student Budget Calculator

Figure out the total estimated cost of school. Realistically forecast your expenses, plus ideas on how to cover your costs.

Frequently asked questions




Learn more about student banking

Get the answers to your Student Line of Credit questions: what a Student Line of Credit is, how does it work and more. Learn more at TD Canada Trust!


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Meet in branch or over the phone

How to apply for a Student Line of Credit

  • Book an appointment

    Meet with a banking specialist in person at a branch that is most convenient for you.

  • Call us

    Our banking specialists are ready to answer your questions and can assist you in opening an account.

    1-866-222-3456 1-866-222-3456

Have a question? Find answers here