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Borrow better with a TD Personal Line of Credit

A TD Personal Line of Credit gives you access to the cash you need on an ongoing basis. You can pay and reuse your credit again and again, with no need to reapply.

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Why apply for a Line of Credit?

  • Access $5,000 to $50,000 conveniently

    Get funds through your TD Access Card1, EasyWeb, TD app, ATMs and cheques.

  • Use and reuse your credit

    Once you repay any credit you’ve used, it’s there to be used again.2

  • Choose how much you repay

    Pay as little as your minimum payment3 or any greater amount, up to the entire balance.

  • Pay down high-interest debts

    Your Line of Credit could save you the higher interest charges of credit cards.

Choose between two interest rate options

Competitive Variable Rate

Enjoy a competitive line of credit interest rate based on TD Prime Rate.

Fixed Rate Advantage Option

Protect yourself from rate increases. Set up regular payments with a fixed interest rate for all or part of your revolving balance.

At the end of your term, any remaining balance returns to the revolving portion of your Line of Credit.

Ways to use your Line of Credit

  • Pay off high-interest bills or debt

    Your Line of Credit could save you money, since your interest charges may be lower than the rates charged on your other obligations.

  • Make a purchase

    With credit ranging from $5,000 to $50,000, you could have funds available for big-ticket items without the delay of applying for a loan each time.

  • Set up an e-Transfer

    Your Line of Credit makes it easy to send money to people or businesses anywhere in Canada.

  • Write a cheque

    You can write cheques on your Line of Credit in exactly the same way you do with your regular chequing account.

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Other Lines of Credit We Offer

  1. Student Line of Credit
    Get the funds you need to cover the costs of a post-secondary education.

  2. Investment Secured Line of Credit
    Use your eligible investments as collateral to borrow at a lower interest rate vs. an unsecured line of credit.

  3. TD Home Equity FlexLine
    With your home as collateral, you’ll pay less in interest than with a personal line of credit.

Frequently Asked Questions

TD customers can apply for a TD Personal Line of Credit online here. 

Certain lines of credit—such as a Student Line of Credit, TD Home Equity FlexLine and TD Investment Secured Line of Credit cannot be completed online. Please contact TD to apply. This is also the case for any TD Personal Line of Credit if you are a new TD customer. You can book your meeting here, or by calling us at 1-866-222-3456.

This information is not available in the TD app at this time. To check the current terms of your Line of Credit (LOC) online, please log in to EasyWeb.

TD offers the option to apply for a Student Line of Credit, available for Undergraduate, Graduate and Professional students.

Visit the Student Hub to see the TD banking solutions and resources for students.

Your how-to guide to borrowing

See our step-by-step guide to borrowing.

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TD Line of Credit Protection

Considering a TD Personal Line of Credit? Help financially prepare for uncertainties of life with optional TD Line of Credit Protection, which could pay off or reduce your outstanding balance should you pass away5 or be diagnosed with life-threatening cancer, acute heart attack, or stroke.  

Learn more about borrowing

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Legal

1 Available when TD Canada Trust Line of Credit is programmed on your TD Access Card. Fees may apply for Interac® access and the use of other ATMs.

2 Subject to the terms of your Line of Credit Agreement or any applicable holds that may have been placed on the funds deposited.

3 Your minimum payment will be stated in your Line of Credit agreement.

4Interac is a registered trade-mark of Interac Corp. Used under licence.

5As defined in the respective Certificates of Insurance. Exclusions and limitations apply. Accidental dismemberment coverage is provided by TD Life Insurance Company (“TD Life”). All other coverages are provided by The Canada Life Assurance Company (“Canada Life”). TD Life is the authorized administrator for this insurance. All customer enquiries should be directed to 1-888-983-7070. TD Life is located at P.O. Box 1, TD Centre, Toronto, ON M5K 1A2. The Canada Life Assurance Company is located at 330 University Avenue, Toronto ON M5G 1R8, toll-free number: 1-800-380-4572. For more details on insurer and/or administrator, as well as all benefits and restrictions, please refer to the respective Certificate of Insurance or Product Summary, Fact Sheet, and Certificate of Insurance (Quebec only).

Application Checklist

To start your application, there are a few things we’ll need from you:

  1. Government-issued identification (original and not expired) Examples of valid ID

  2. Proof of income
    - If employed, provide your last two paystubs
    - If self-employed, provide your last two Notice of Assessment documents (tax returns)

  3. Expense statements: Mortgage/rent payments, utility bills, taxes, other credit statements, etc.

  4. Bank account details form for the deposit of funds and to schedule repayment

  5. Adding a co-signer?
    The same information and documents will also be needed from them

  6. Applying to consolidate debt?
    We’ll need up- to- date statements of those accounts, including their balances and account details

  7. You consent to credit checks 
    As part of this credit check, we will give your information to credit bureaus and other lenders. They will give reports and information to us, about you, to help assess your eligibility and creditworthiness.

  1. Government-issued identification (original and not expired) Examples of valid ID

  2. Proof of income
    - If employed, provide your last two paystubs
    - If self-employed, provide your last two Notice of Assessment documents (tax returns)

  3. Expense statements: Mortgage/rent payments, utility bills, taxes, other credit statements, etc.

  4. Bank account details form for the deposit of funds and to schedule repayment

  1. Adding a co-signer?
    The same information and documents will also be needed from them

  2. Applying to consolidate debt?
    We’ll need up- to- date statements of those accounts, including their balances and account details

  3. You consent to credit checks 
    As part of this credit check, we will give your information to credit bureaus and other lenders. They will give reports and information to us, about you, to help assess your eligibility and creditworthiness.

How to apply for your line of credit

Submit an online application

Apply now

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