Borrow Better with a Student Line of Credit

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 reuse1 your credit

    Apply just once for credit and have it for as long as you’re in school3.

  • 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

  • Undergraduate

    For full- or part-time students at an accredited Canadian university or college.

    • Full-time students: up to $20,000 per year, to a maximum of $80,000 over four years of study4
    • Part-time students: up to $20,000 per year, to a maximum of $80,0004
  • Graduate

    Credit limits depend on your course of study.

    • Masters or Ph.D.: up to $80,000 over two years of study
    • Naturopathy: up to $80,000 over four years of study
    • Chiropractic: up to $100,000 over four years of study
    • Optometry/Pharmacy: up to $175,000 over four years of study
    • Law: up to $150,000 over three years of study
    • MBA: up to $125,000 over your study period
  • Professional

    Credit limits depend on your course of study.

    • Dental: up to $350,000 and $100,000 in your first year of study
    • Medical: up to $350,000 and $100,000 in your first year of study; continued access during residency
    • Veterinary: up to $200,000; up to $50,000 in your first year of study

As of today's date, below are our Student Line of Credit rates.
Click on "TD Prime Rate" to see today's rate.


Interest Rate

Post-Secondary Certificate Program

TD Prime Rate + 1.50%


TD Prime Rate + 1.00%

Undergraduate - Honors Business Administration (University of Western Ontario)

Graduate (Masters, PhD)

TD Prime Rate + 0.50%


TD Prime Rate - 0.25%


TD Prime Rate - 0.25%


TD Prime Rate - 0.25%

MBA and MFin


TD Prime Rate + 1.00%


TD Prime Rate + 1.00%




Student Budget Calculator

Figure out the total cost of your school year. Get a realistic forecast of your expenses, plus ideas on ways to cover your costs.

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

  4. What you spend monthly on your rent or mortgage

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

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

  3. Proof of enrollment

  4. Your Social Insurance Number (optional)

Frequently Asked Questions

We offer four main types of Lines of Credit.

Personal Line of Credit
This helps with everyday spending and major purchases, too.

Student Line of Credit
Get the funds you need to cover the costs of a post-secondary education.

Investment Secured Line of Credit
Use your eligible investments as collateral to borrow at a lower interest rate vs. an unsecured line of credit.

TD Home Equity FlexLine
With your home as collateral, you’ll pay less in interest than with a personal line of credit.

This information is not available in the TD app at this time. To check the current terms of your Line of Credit (LOC) online, please log in to EasyWeb.

TD offers the option to apply for a Student Line of Credit, available for Undergraduate, Graduate and Professional students. 

Visit the Student Hub to see the TD banking solutions and resources for students.

Learn more about student banking

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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