Borrow Better with a Student Line of Credit

You could get up to a $1,000 cash bonus when you open a TD Student Line of Credit. Limited time offer. Conditions apply.

Apply, get approved, and open a TD Student Line of Credit, and depending on your program of study, you could get a $150, $500, or $1000 cash bonus.1

See below which programs of study are eligible.

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 get $150 in cash. 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)

Students enrolled in a graduate or professional program could get up to $500 in cash. Limited time offer.

Learn more about our TD Graduate & Professional Banking Package.

Credit limits depend on your course of study.

Credit Limit

Interest Rate

Graduate (Masters, PhD)

up to $80,000 over two years of study

TD Prime Rate + 0.50%

Naturopathy

up to $80,000 over four years of study

TD Prime Rate + 1.00%

Chiropractic

up to $100,000 over four years of study

TD Prime Rate + 1.00%

Optometry

up to $175,000 over four years of study

Pharmacy

up to $175,000 over four years of study

Law

up to $150,000 over three years of study

MBA and MFin

up to $125,000 over your study period

Students enrolled in Medical, Dental or Veterinary School could get up to $1,000 in cash. Limited time offer.

Credit limits depend on your course of study.

No co-signer needed for Canadian schools5. Applies to Canadian students only. Conditions Apply

Credit Limit

Interest Rate

Medical

up to $400,000 and $100,000 in your first year of study; continued access during residency

TD Prime Rate - 0.25%

Dental

up to $400,000* and $100,000 in your first year of study

*up to $25,000 additional available for eligible specialty programs

TD Prime Rate - 0.25%

Veterinary

up to $250,000 and $62,500 in your first year of study

TD Prime Rate - 0.25%

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

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

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