While you are in school and for 12 months after graduation, you will be paying interest only. To calculate a sample payment, click here . A monthly statement will be issued to you summarizing your account activity each month. There are no withdrawal or set-up fees for a TD Canada Trust Student Line of Credit. Top Interest Rates 12.
Interest is money charged by a lender to a borrower for the use of the lender's money.
TD Canada Trust Student Line of Credit offers you a very competitive interest rate compared to other forms of credit such as credit cards or personal loans. You can borrow up to certain maximum amounts. Part-time undergrads are eligible for half that amount each year to a maximum of 8 years. Certain programs may be eligible for additional funds. Top Program Options 17.