Types of Loans and Lines of Credit


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.


Applying

Personal Loans

Apply each time you want to borrow

Personal Lines of Credit

Apply once and use your available credit whenever you need it1

Payments

Personal Loans

Pay a fixed amount until your loan is paid off

You can pay off your loan at any time without any fees or charges

Personal Lines of Credit

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

Personal Loans

Choose between:

Fixed Rate - Rate stays the same for the time period chosen

Variable Rate - Rate changes whenever TD Prime Rate changes

Personal Lines of Credit

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, the remaining outstanding balance moves back to the revolving portion which is at a variable rate

Minimum amount for a FRAO is $2,000

Type

1 Subject to the terms and conditions of your Line of Credit Agreement.

You may also be interested in:

Our Borrowing Products

Explore all of our loans and lines of credit and find the one that suits you best.

Compare TD Loans & Lines of Credit

Not sure which is the right product for you? Let us help.

Credit
Protection

Get credit protection for all your borrowing needs,and help protect yourself and your family financially from the unexpected

Overdraft Protection

Overdraft protection helps cover occasional shortfalls in your chequing account

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