Types of Loans and Lines of Credit
What are you borrowing for?
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Car Purchase
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Pay Debts
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Home Repair and Renovation
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Education
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Unexpected Expenses
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Borrowing for Investments
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Retirement
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 |
Personal Lines of Credit |
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Applying |
Apply each time you want to borrow |
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, 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 |
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Our Borrowing Products
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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