Types of Loans and Lines of Credit

If you do not want to use your home as security, then a Personal Line of Credit option gives you the credit you need for your home renovation and repair projects. As you pay down your balance, the Personal Line of Credit can be reused for any other needs you may have as well.

With a Personal Loan, you'll get your funds upfront with fixed periodic payments that fit your budget. You can pay off your loan at any time without any fees or charges.

Ideal for unexpected expenses. A Personal Line of Credit can give you the credit you might need in the event of an emergency or other unplanned situations.

• Enjoy peace of mind with the flexibility of making payments that work for you¹
• Pay interest only on what you borrow
• Enjoy competitive interest rate options
• Pay as little as the minimum payment¹ or pay off more at any time
• Access available credit without having to reapply to terms of your Line of Credit Agreement

This line of credit features a low interest rate specific for students and has flexible access to credit.

• Pursue undergraduate and college programs, or graduate and professional programs, with credit limits specific to the program
• Enjoy low student interest rates, with interest ‑ only monthly payments required while in school and for 24 months after you leave school. And then what?

For purchasing a vehicle, (up to 5 years old), these loans are secured against the vehicle and allow you to pay it off with fixed regular payments. Because it is secured with the vehicle, you may get a lower rate than if the loan was unsecured.

• You will have an idea of how your loan fits into your budget before you buy a car
• You can select a fixed  or variable  interest rate

• You can choose your payment frequency

A Personal Line of Credit gives you the freedom to shop for a car at a moment's notice. It provides you with the flexibility to access credit and helps you manage paying off your car at your own pace¹.

• Enjoy competitive interest rate options
• Pay as little as the minimum monthly payment requirement as set out in your Line of Credit Agreement, or pay off more at any time
• Access available credit without reapplying²

• A TD Investment Secured Line of Credit uses your eligible investments as security so you may be able to borrow at a lower interest rate than on an unsecured line of credit.
• If you want to buy investments to use as security, you should always consult with your Personal Banker before borrowing to invest.

• Amounts available up to your unused RSP contribution room  for that year.
• Amortized over 1 year.
• Option to defer payments for up to 30 days (for QC) & up to 120 days (all other provinces and territories) but interest will continue to accrue.
• You can use any refund you may get to repay all or a part of your loan.

• Great for catching up on unused contributions  from previous years.
• You can borrow up to $50,000 subject to credit approval.
• Amortized up to 10 years.
• Option to defer payments for up to 120 days but interest will continue to accrue.
• You can use any refund you may get to repay all or a part of your loan.