Canada
Why Choose a Home Equity Loan or Line of Credit?
Whether you want to consolidate debt, renovate your home, pay for education expenses or make a major purchase, home equity financing has flexible options to fit your financial goals. Find out what you can do with a TD Bank Home Equity Loan or Line of Credit.
Consolidate Debt
A home equity loan or line of credit makes it easy
Replace multiple monthly bills with one simple home equity loan or line of credit payment, and save with lower interest rates than most conventional credit cards and personal loans.|
Home Equity Lines of Credit
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Home Equity Loans
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Borrow what you need, as you need it (up to your credit limit)
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Receive your loan in one lump sum
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Variable rates, with a fixed-rate option
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Fixed-rate with flexible term options
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Flexibility in managing unplanned expenses
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Lower interest rate than other forms of credit
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Check with your tax advisor to see if the interest you pay is tax deductible
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Check with your tax advisor to see if the interest you pay is tax deductible
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Renovate Your House
Use home equity financing to improve your home
Whether you’re planning a do-it-yourself project or a major renovation, a home equity loan or line of credit can help you increase your home’s value using the equity you’ve built.|
Home Equity Lines of Credit
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Home Equity Loans
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Great for projects that may have unexpected costs
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Good for renovations that have set costs
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Borrow what you need, as you need it (up to your credit limit)
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Receive your loan in one lump sum
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Variable rates, with a fixed-rate option
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Fixed-rate with flexible term options
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Flexibility in managing unplanned expenses
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Stable and predictable monthly payments
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Can be used toward energy-efficient upgrades*, such as new windows and insulation
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Use it to improve your home’s energy efficiency*, such as new appliances or heating/cooling upgrades
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Make a Major Purchase
Use a home equity loan or line of credit to pay for education expenses or make other big purchases like a vacation or a new car.
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Home Equity Lines of Credit
|
Home Equity Loans
|
|---|---|
|
Borrow what you need, as you need it (up to your credit limit)
|
Receive your loan in one lump sum
|
|
Variable rates, with a fixed-rate option
|
Fixed-rate with flexible term options
|
|
Flexibility in managing unplanned expenses
|
Stable and predictable monthly payments
|
|
Access funds by check, direct deposit or Visa® EquityAccess Card1
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Lower interest rate than other forms of credit
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Check with your tax advisor to see if the interest you pay is tax deductible
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Check with your tax advisor to see if the interest you pay is tax deductible
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Calculate your home equity rate and payment
Use our calculator to find the rates and terms to go with the loan you need.
Get the most out of your home's equity
Ready to choose?
Get more details on TD Bank Home Equity Loans and Lines of Credit, including rates and how to apply
Already started a HELOC application?
Finish your saved TD Bank Home Equity Line of Credit or TD Bank EquityAccess PLUS application
Check the status of your application
See where your TD Bank Home Equity Loan or Home Equity Line of Credit is in the application process
Make a TD Bank Home Equity payment
Log in to the TD Online Loan Payment Center to make a Home Equity Loan or Line of Credit payment or pay by phone at 1-888-751-9000 1-888-751-9000
