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Pay Debts
Home Repair and Renovation
Unexpected Expenses
Education
Car Purchase
Borrowing for Investments
Retirement
Tips to help you manage debt
Debt… not your typical topic of conversation with friends or family. For the most part, a lot of us like to avoid thinking of the topic altogether. But what we can all agree on is that we would love to get rid of it – or at least pay it down faster. So here are some steps you can take to help you tackle it.
Consolidate your debt and save money on interest
With the lower interest rate, you may reduce your interest cost, and may have a lower payment amount
Allows you to pay off your debt sooner if you use the money you save on lower interest payments to increase your payment amount.
Makes paying off your debt simpler
By paying off your higher-interest debts (e.g. credit cards) with a lower interest credit option, you’ll only have to deal with payment
Personal Loan
With a Personal Loan, you'll get your funds up front with fixed periodic payments that fit your budget. You can pay off your loan at any time without any fees or charges.
Personal Line of Credit
A Personal Line of Credit can help you pay off your other debts with flexible payments and competitive interest rates while providing ongoing access to available credit for future use.1
1 Subject to the terms and conditions of your Line of Credit Agreement
TD Home Equity FlexLine
If you own your home, a TD Home Equity FlexLine may be a good option. You can use the equity you have built up in your home to finance your home renovation project and repairs.
Get flexible access to ongoing credit based on the appraised value of your home. Using your home as security may result in a lower interest rate compared to other credit products.
Choose a payment option that works for you, whether you pay at your own pace with interest only payments on the variable rate portion, or establish regular fixed payments through our Fixed Rate Advantage Option.
Personal Line 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.
Personal Loan
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.
Personal Line of Credit
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
1 Pay as little as 1% of the outstanding balance owing, interest charged for the month, or $50, whichever is the greater amount.
Student Line of Credit
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?
Auto Loan
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
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
1 Pay as little as 1% of the outstanding balance owing, interest charged for the month, or $50, whichever is the greater amount.
2 Subject to the terms and conditions of your Line of Credit Agreement
Borrow to build your portfolio
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 financial advisor before borrowing to invest.
Explore why an RSP loan might be right for you.
Borrow now so your retirement savings can grow
With a TD RSP Loan, you can maximize your RSP contribution this year
Or you can take advantage of any unused contribution room
Making a contribution up to your maximum amount may reduce the taxes you are required to pay
TD on-the-spot RSP Loan
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.
TD CarryForward RSP 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.
The interest rate changes whenever TD Prime Rate changes.
The interest rate stays the same for the term chosen.
Use the Fixed Rate Advantage Option at any time to lock in all or a portion (subject to $2000 minimums) of your credits balance at a fixed interest rate with fixed payments. Once the term is finished, any remaining balance will move to the variable rate.
Equity is the market value of a home, minus any outstanding debt or charges on the property.
The maximum amount you can contribute to your RSP.
The maximum amount you can contribute to your RSP.
Personal Loans
Applying
Apply each time you want to borrow
Payments
Pay a fixed amount until your loan is paid off
You can pay off your loan at any time without any fees or charges
Interest rates
Choose between:
Fixed Rate - Rate stays the same for the time period chosen
Variable Rate - Rate changes whenever TD Prime Rate changes
Apply once and use your available credit whenever you need it1
Payments
Pay as little as:
1% of the outstanding balance owing or $50—whichever is the greater amount
Options available to lock in a portion of your outstanding balance at a fixed rate
Interest rates
Enjoy a competitive variable interest rate. This variable rate changes whenever TD Prime Rate changes
You also have the option of protecting yourself from interest rate increases and establishing regular fixed payments though a Fixed Rate Advantage Option (FRAO)
FRAO means you can convert all or a portion of your outstanding balance to a fixed interest rate with fixed payments for a specific term.
When the term is finished, if there is a remaining FRAO balance, the balance moves back to the revolving portion which is at a variable rate.
Apply once and use your available credit whenever you need it1
Payments
Pay a fixed amount until your loan is paid off
You can pay off your loan at any time without any fees or charges
Pay as little as:
1% of the outstanding balance owing or $50—whichever is the greater amount
Options available to lock in a portion of your outstanding balance at a fixed rate
Interest rates
Choose between:
Fixed Rate - Rate stays the same for the time period chosen
Variable Rate - Rate changes whenever TD Prime Rate changes
Enjoy a competitive variable interest rate. This variable rate changes whenever TD Prime Rate changes
You also have the option of protecting yourself from interest rate increases and establishing regular fixed payments though a Fixed Rate Advantage Option (FRAO)
FRAO means you can convert all or a portion of your outstanding balance to a fixed interest rate with fixed payments for a specific term.
When the term is finished, if there is a remaining FRAO balance, the balance moves back to the revolving portion which is at a variable rate.
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