Studying can be an expensive prospect in life, in as much as it is an important part of life. In most cases, you are bound to end up with a number of student loans when you’re done with your studies. You aren’t alone in this, though; there are plenty of people sailing the same boat as you.

At times, getting that loan can be a challenging process. That’s why you need to understand the TD student line of credit. This isn’t just about your studies as you, in most cases, won’t be able to clear the loan when you’re in school. The loan is converted into student loans when you’re done with school.

These are just some of the advantages you get when you have a TD Student Line of Credit. To learn more about the TD Student Line of credit and some of its advantages, you can read on. Info on how you can apply and such can be found here.

Benefits of a TD Student Line of Credit

You have a number of benefits that you can enjoy when you apply for a line of credit through TD. They include competitive interest rates that are not easily matched out in the open market. You can get more on the interest rate by going through the customer section of the TD website here.

The other thing you get to enjoy is that you only have to pay the interest while you’re still in school. The offer does, however, extend when you’re done with your schooling for only 24 months. That gives you ample time to get yourself in order and start paying off your credit.

You then get a manageable payment with this creditor. That’s where the conversation of your loan comes in. When you’re done with your schooling, your line of credit from TD is converted to a student loan. You then can pay it off comfortably with a flexible and fixed payment system.

This line of credit has more advantages than you had anticipated. You can make extra payments while using this line. Remember when you were only made to pay interest when you were in school? Well, you can top it up if you have the extra funds to do so.

You also don’t need to reapply for the credit limit once you have applied the first time. While you’re still in school, you can use and re-use the line of credit without having to bother about the application process ever again.

Lastly, you can access the credit through the TD Access Card. You can also access the amount through cheques. And, in the world today, if there isn’t online access to your funds, it beats the purpose. You can access the money through EasyWeb Online Banking.

Eligibility for TD Student Line of Credit

You have to meet certain requirements before you can access this line of credit and they include you being a student. You should be an undergraduate student in this case, and you can be either a full-time or part-time student to get the loan. You have to be a student at an accredited Canadian university or college.

There are some documents that are required to prove these credentials, such as a co-signor for the line of credit. That’s for undergraduate students; for graduates and professionals, they don’t require a co-signor. The student must then produce their current address.

An annual income proof should be provided as well; this is where the co-signor comes in handy. Monthly mortgage or rent payment documents should be provided during the application.

Credit Amount

You obviously want to know how much you can get in terms of credit before you sign up for the line of credit. For full-time students, they get a maximum of $20,000 annually, which amounts to around $80,000 for four years of school. Part-time students also get the same amount per year.

How to Apply

To apply for the line of credit, you can start today by booking an appointment. You can book the appointment through this link. You then have to appear in person at the bank when your appointment day comes.

Bank’s Contact & Address

TD Student line of credit

You can call the specialists at the bank through 1-855-882-6918 for further assistance. The headquarters of the bank is at 2035 Limestone Road, Wilmington, Delaware.


Getting a line of credit that can easily convert to a student loan when you’re done with school is an advantage on every level. That’s what you get when you apply for a TD Student Line of Credit.

Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.