Student Line of Credit

Flexible options designed for student life


We have Student Lines of Credit that can help you pay for tuition, books and living expenses.

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Benefits of this product

  • Competitive interest rates based on your program
    Competitive variable interest rates.
  • Interest-only payments while in school
    Interest-only monthly payments while in school and for 12 months after you leave school.
  • Manageable repayment
    Once you leave school, your line of credit will be converted to a student loan with comfortable fixed payments.
  • Option to make extra payments
    Pay more than the minimum amount each month to repay your loan faster
  • No need to reapply
    Apply once for a credit limit that you can continue to use and re-use1 while in school1.
  • Convenient access
    Access your credit through your TD Access Card2, cheques and EasyWeb Online banking

A Student Line of Credit just for you

Undergraduate Students
Full or part-time post-secondary students in an accredited Canadian university or college

Credit limit amount:

  • Full-time students: up to $15,000 per year, to a maximum of $60,000 over four years of study4
  • Part-time students: up to $5,000 per year, to a maximum of $40,000 over eight years of study

Program Details for Graduates and Professionals

View credit limits and packages available for Graduate and Professional Programs

What you’ll need to bring

  • Most Undergraduate Student Line of Credit Applications require a co-signor
  • Majority of Graduate and Professional Student Line of Credit Applications do not require co-signor
  • Current address and previous address (if current address is less than 3 years)
  • Your annual income (sources and amount)
  • Your monthly mortgage or rent amount
  • Your monthly payments (loans, credit cards, lines of credit)
  • Household costs (utility, property tax, insurance, etc.)
  • Proof of enrolment
  • Social Insurance Number (optional)

Decide which loan is right for you

Get details on amounts, rates and more with a side-by-side comparison of all available TD loans.
Compare now

Legal

1 Subject to the terms of your Line of Credit Agreement.
2 Available when TD Canada Trust Student Line of Credit is programmed on your TD Access Card. Fees may apply for Interac® access and the use of other ATMs.
3 Annual proof of enrolment required.
4 Maximum credit limit is subject to program.

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