Tell us about your borrowing goal.

Managing your debt

  • 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.

Why borrow to manage your debt?

  • 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.

    • Available for: consolidating debt or making large purchases
    • You can borrow1: $5,000 to $50,000
    • Repayment: Flexible repayment periods from a minimum of 1 year to a maximum of 7 years.

  • Use and re-use credit2 with just one application.

    • Available for: consolidating debt or handling ongoing expenses
    • You can borrow1: $5,000 to $50,000
    • Repayment: As you pay back what you’ve used, the credit becomes available to you again2

  • Your home can be a powerful financial borrowing tool

    • Available for: paying off large expenses or renovating your home
    • You can borrow: up to 80% of your home value3
    • Repayment: minimum interest-only payments

  • Use your eligible investments to secure a Line of Credit

    • Available for: managing debt
    • You can borrow1: $5,000 to $200,000
    • Repayment: Choose how much you repay. Interest only payments or any amount up to the entire balance with no prepayment charge.

Use our calculators to plan your borrowing

Learn more about managing debt


Legal

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


Contact us

  • Book an appointment

    Meet with a banking specialist at a branch that is most convenient for you.

  • Call us

    Our banking specialists are ready to answer your questions and assist you with your borrowing needs.

    1-866-222-3456 1-866-222-3456
  • Locate us

    Speak with a branch specialist at the branch closest to you.

Have a question? Find answers here