TD Bank Home Equity Loan¹

Use the equity in your home to fund a specific need with a variety of terms available

% Fixed rate for 120-month term¹
Fixed payment Receive one lump sum and know your payment up front
5 to 30 year Terms available to suit your financial timeline

Call now to apply: 1-800-815-68491-800-815-6849

You are viewing info for {{change_region_city}}, {{change_region_state}}. Change location? You are viewing info as a Canadian resident. Change location?

What you get

A Home Equity Loan lets you borrow the funds you need all at once for a specific period of time. Your rate is fixed so you'll have a consistent monthly payment.

Low fixed rate, lower than other forms of credit
Get a competitive fixed rate as low as %.¹ Check with your tax advisor to see if the interest you pay is tax deductible
$25,000 minimum loan amount, with terms from 5 to 30 years
Receive your funds in one lump sum and pay it off with consistent and predictable monthly payments

Get a 0.25% rate discount.
Set up auto pay from a TD personal checking or savings account and receive a 0.25% rate discount – plus, you'll never miss a payment

Find out more about home equity loan uses and benefits

Why choose a TD Bank Home Equity Loan

A Home Equity Loan offers the security of a fixed rate that's lower than other forms of credit. It's a good choice for renovating your home, consolidating debt, or making major purchases when you know how much you need to borrow. You'll get stable, predictable monthly payments with a variety of terms to choose from, and receive your money in one lump sum.

Renovate your house

Increase your home's value with renovations like kitchen and bathroom remodels or energy-efficient upgrades
Good for do-it-yourself projects or major renovations
Enjoy improvements to your living space

Consolidate debt

Enjoy financial freedom by consolidating debt into a lower monthly payment
Replace multiple monthly bills with one simple payment
Pay off outstanding balances on high-interest credit cards and other loans

Make a major purchase

Pay for education expenses²
Make big purchases like a new car, travel or recreation
Cover other large purchases or expenses

Additional resources

More home equity calculators

See potential savings when you consolidate debt, explore payment options and more

Get started

Home equity lending process

Know what to expect from your application to closing

Find out more

Already started the home equity lending process?

Finish applying, check the status of your application or make a payment on your current home equity line of credit or loan. Plus, get tips and info on home lending.

Ways to apply

By phone

Talk to a home lending specialist

1-800-815-6849 1-800-815-6849

In person

Visit a TD Bank near you to apply

Schedule a call

Set up a time to talk with a home lending specialist

Important Disclosures

¹The rate is for illustrative and educational purposes only. Your actual Annual Percentage Rate (APR) may be higher than the rates shown. NA% Annual Percentage Rate (APR) is for loan amounts between $100,000 and $499,999 with 120-month term. The interest rate is fixed for the life of the loan. Loan terms can range from 5 years to 30 years. As of Jan 14, 2019, APRs for Home Equity Loans range from NA% to NA%. The APR will not exceed 18%. Other rates are available for other loan amounts and terms. Rates may vary by state, and are based on the state in which the collateral property is located. Your APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, combined loan to value, and/or geographic location. Combined loan to value (CLTV) is a percentage calculated by dividing your total outstanding mortgage(s) – or liens – by the market value of the property. Rates subject to change.

Rate shown includes discount of 0.25% requiring Automatic Payment Deduction from a TD Bank personal checking or savings account.

Origination fee of $99, which is a finance charge, applies.

Maximum combined loan to value (CLTV) is based on credit history, property type, occupancy, lien position and loan amount. Occupancy is related to how you use the property. 1) Primary occupancy: a property in which you live most of the year; 2) Secondary occupancy: a property in which you live part of the year (e.g., weekends or vacations); 3) Investment: a property that is used by others, in which you may or may not receive rent.

Offer valid on loan amounts up to $500,000. For loan amounts greater than $500,000, additional terms and conditions will apply. Lien position may affect the maximum loan amount.

Available on 1–4 family primary or secondary residences, excluding mobile homes, boats, RVs, and homes for sale, under construction or on leased land. For co-ops, additional terms and conditions will apply. For a property value greater than $2.5 million, additional terms and conditions may apply. Property insurance is required.

Interest paid on an equity line or equity loan may be tax deductible. Consult your tax advisor about the deductibility of interest.

²TD Bank does not offer closed-end loans (i.e., Home Equity Loans) for the purpose of post-secondary (college) education financing.

³Loans subject to credit approval. A TD Bank personal checking account is required to be eligible for this 0.25% HELOC rate discount. This relationship discount may be terminated and the interest rate on your Home Equity Line of Credit or Personal Unsecured Line of Credit account may increase by 0.25% upon closure of your qualifying checking account. For a Home Equity Loan or Personal Loan, rate discount requires automatic payment deduction from a personal TD Bank checking or savings account. This discount may be terminated and the interest rate on this account may increase by 0.25% upon cancellation of the automatic payment deduction.

Loans subject to credit approval. Equal Housing Lender

¹The rate is for illustrative and educational purposes only. Your actual Annual Percentage Rate (APR) may be higher than the rates shown. NA% Annual Percentage Rate (APR) is for loan amounts between $100,000 and $499,999 with 120-month term. The interest rate is fixed for the life of the loan. Loan terms can range from 5 years to 30 years. As of Jul 24, 2018, APRs for Home Equity Loans range from NA% to NA%. The APR will not exceed 18%. Other rates are available for other loan amounts and terms. Rates may vary by state, and are based on the state in which the collateral property is located. Your APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, combined loan to value, and/or geographic location. Combined loan to value (CLTV) is a percentage calculated by dividing your total outstanding mortgage(s) – or liens – by the market value of the property. Rates subject to change.