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.

Benefits of this product

Low interest rates
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.

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

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)

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Decide which line of credit is right for you

Get details on amounts, rates and more with a side-by-side comparison of all available TD lines of credit

TD Loan Life and Disability Insurance

In case of the unexpected, get flexible protection for your loan obligations.

Get and Maintain Good Credit

We can help you establish, maintain, or recover your credit rating.

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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