Tell us about your borrowing goal.
TD could help you consolidate your debts and save money by paying off higher-interest credit cards, debt, and credit, with a TD Personal Loan or TD Personal Line of Credit.
It can lower your interest rate
Your new loan or line of credit will probably come with a lower interest rate than you’re paying right now, especially if you have debt from credit cards.
You might pay off your debt sooner
With a lower interest rate, more of your payments will be going to your principal, so you could be debt-free sooner.
It can simplify your payments
Consolidating your debt means that your multiple bills can be replaced with one regular payment.
Borrow Better to become debt-free sooner
TD has several ways to help manage your debt.
Borrow only what you need right now.
Use and re-use credit2 with just one application.
Your home can be a powerful financial borrowing tool
Use your eligible investments to secure a Line of Credit
Use our calculators to plan your borrowing
Debt Consolidation Loan Calculator
Find out your monthly payment and the date your loan will be fully paid off.
Personal Loan/Line of Credit Calculator
Compare what you might be paying with a loan vs. a line of credit.
Understand Loans and Lines of Credit
See how they work, and decide which option is best for you.
Get and maintain good credit
See what it takes to build a healthy credit history.
What’s a good credit score?
Find out the number that tells lenders you're a good credit risk.
1 Subject to approval
2 Subject to the terms of the agreement
3 Subject to TD Canada Trust credit criteria and any prior outstanding mortgage, charges or liens
Meet with a banking specialist in person at a branch that is most convenient for you.
Our banking specialists are ready to answer your questions and assist you with your borrowing needs.
Speak with a branch specialist at the branch closest to you.
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Screen Text: Debunking credit score myths
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Screen Text: Debunking credit score myths
Speaker: Unlike an internet conspiracy theory, credit scores shouldn't be scary.
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Speaker: They indicate how well you manage your credit payments.
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Minimum payment Paid
Speaker: Having a good credit repayment history- which means you make at least your minimum payment and always make it on time - can help you achieve a higher credit score.
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A meter progresses from a low credit score to high credit score.
Speaker: This in turn can help make it easier to get approved for credit for larger purchases – like your first home – in the future.
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Screen Text: Help make approvals easier
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Speaker: Making your payments on time applies to all your personal bills, including your phone bill and other utility bills.
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Screen Text: All your personal bills
Speaker: Also, ensure that you only apply for credit products that you need and that you use them responsibly by staying within your credit limit.
Screen Text: Only apply for credit products you need
A number of credit cards circle the screen and one stops and stays on screen. A credit meter shows the credit card going above the limit and then back into the target zone.
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Speaker: Finally, remember not to apply for credit multiple times over a short period because this too can negatively impact your credit score!
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Applying too often
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