✅Rate: TD Prime Rate 1 (2.7% as of August 18, 2015)
✅Credit Limit: Up to $150,000 ( $50k per year for 3 year program)
✅Principal + Interest payments begin the 13th month after articling period
Why does the Utua team recommend the TD Student Line of Credit?
Applying for the TD Student Line of Credit can be a smart financial move for students, especially with the enticing offer of up to $1,000 cash bonus for a limited time. The amount of the bonus depends on your program of study, with eligible students potentially receiving $150, $500, or $1,000 upon approval and opening of the line of credit.
This offer is designed to help students manage their finances more effectively while pursuing their education.
Writers Opinion
With the TD Student Line of Credit, you can secure up to $150,000, allowing for $50,000 per year over a three-year program, at a rate of TD Prime Rate1 (2.7% as of August 18, 2015). During your time in school, throughout your articling period, and for 12 months after, you are required to make interest-only payments.
Starting in the 13th month after your articling period ends, you will begin making principal plus interest payments. This structure provides financial flexibility and support throughout your educational journey and into your early professional years.
Tell me more about the TD Student Line of Credit!
If you believe that the TD Student Line of Credit would work just right for your educational aspirations, simply click on the button below where we will tell you how the application process for this line of credit works.