USBorrowing with Loans and Lines of Credit
See rate info, fees and other details at a glance
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Loans
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Lines of Credit
What is a Loan?
A personal loan is a popular way to borrow a specific amount of money if you’re looking to make a big purchase, renovate your home, or consolidate existing debt.
You will be able to select a repayment schedule that allows you to pay off the principal amount plus interest on this principal amount over an agreed-upon period of time.
Rate |
|
Maximum Principal Amount |
Depends on the vehicle (new or used) |
Other details |
N/A |
Fees |
A security registration fee (amount depends on province) |
Is it right for me ? |
If you need a loan to make a vehicle purchase (new or used) and provide the vehicle as security. |
Learn more |
Rate |
|
Maximum Principal Amount |
Up to your unused RSP contribution room for that year |
Other details |
Defer payments for up to 120 days (interest continues to accrue). Must be paid back within the 1-year term |
Fees |
No fee |
Is it right for me ? |
If you need a loan to take advantage of your unused RSP contribution room for that year |
Learn more |
Rate |
|
Maximum Principal Amount |
Up to $50,000 |
Other details |
Defer payments for up to 120 days (interest continues to accrue). Must be paid back within the 1-10 year term choice |
Fees |
No fee |
Is it right for me ? |
If you need a loan to take advantage of your unused RSP contribution room for past years |
Learn more |
Rate |
|
Maximum Principal Amount |
Typically, up to $50,000. |
Other details |
N/A |
Fees |
No fee |
Is it right for me ? |
If you need a loan to assist with a personal expense or expenditure and want regular fixed payments. |
Learn more |
Rate |
|
|
|
|
|---|---|---|---|---|
Maximum Principal Amount |
Depends on the vehicle (new or used) |
Up to your unused RSP contribution room for that year |
Up to $50,000 |
Typically, up to $50,000. |
Other details |
N/A |
Defer payments for up to 120 days (interest continues to accrue). Must be paid back within the 1-year term |
Defer payments for up to 120 days (interest continues to accrue). Must be paid back within the 1-10 year term choice |
N/A |
Fees |
A security registration fee (amount depends on province) |
No fee |
No fee |
No fee |
Is it right for me ? |
If you need a loan to make a vehicle purchase (new or used) and provide the vehicle as security. |
If you need a loan to take advantage of your unused RSP contribution room for that year |
If you need a loan to take advantage of your unused RSP contribution room for past years |
If you need a loan to assist with a personal expense or expenditure and want regular fixed payments. |
Learn more |
What is a Line of Credit?
A line of credit is a borrowing option where you apply only once for a credit limit that you can continue to use and re-use based on your credit needs. You are charged interest only on the amount that you use1. You can also access these funds easily through your TD Access Card2 , cheques and EasyWeb Online banking.
It’s a flexible way to borrow, and can be a great option for home renovations, education, paying off higher interest debt, and more.
Credit limit |
Based on your home value |
Rate |
|
Minimum Payment |
Interest only payments |
Fees |
Set up fee |
Is it right for me ? |
If you have equity value in your home you'd like to use to secure a lower interest rate |
Learn more |
Credit limit |
Undergraduate: Up to $60,000
|
Rate |
|
Minimum Payment |
Monthly interest-only payments while in school, and 12 months after the study period ends, additional payments are required. |
Fees |
No fee |
Is it right for me ? |
If you are a student, this line of credit features a student specific low interest rate. And interest only payments while in school. |
Learn more |
Credit limit |
Borrow up to 50% for equities and stocks, and 100% for liquid secured *of the value of your eligible investments |
Rate |
|
Minimum Payment |
Interest only |
Fees |
Registration fees may be applicable |
Is it right for me ? |
If you have eligible investments and want a low rate. |
Learn more |
Credit limit |
Up to $50,000 |
Rate |
|
Minimum Payment |
Pay as little as the minimum monthly payment requirements as set out in your Line of Credit Agreement |
Fees |
No fee |
Is it right for me ? |
A line of credit is a smart and flexible way to borrow for many of the needs and goals that may arise in your life |
Learn more |
Credit limit |
Based on your home value |
Undergraduate: Up to $60,000
|
Borrow up to 50% for equities and stocks, and 100% for liquid secured *of the value of your eligible investments |
Up to $50,000 |
|---|---|---|---|---|
Rate |
|
|
|
|
Minimum Payment |
Interest only payments |
Monthly interest-only payments while in school, and 12 months after the study period ends, additional payments are required. |
Interest only |
Pay as little as the minimum monthly payment requirements as set out in your Line of Credit Agreement |
Fees |
Set up fee |
No fee |
Registration fees may be applicable |
No fee |
Is it right for me ? |
If you have equity value in your home you'd like to use to secure a lower interest rate |
If you are a student, this line of credit features a student specific low interest rate. And interest only payments while in school. |
If you have eligible investments and want a low rate. |
A line of credit is a smart and flexible way to borrow for many of the needs and goals that may arise in your life |
Learn more |