Personal Loans

Borrow only what you need now, for what you want


A TD Personal Loan gives you the credit you need, with fixed monthly payments that fit your budget.

Benefits of a Personal Loan

  • Funds upfront
    Get the amount of credit you need for renovations, unexpected expenses, investments, and more.
  • Flexible repayment schedule
    We’ll help you create a repayment schedule with a term and amortization period that works for you.
  • Interest rate options
    You decide if a fixed or variable interest rate is best for you.
  • Payment that fits your budget
    A payment schedule that works with your budget so you can repay your loan.
  • Borrow up to $50,000
    You can borrow up to $50,000 for a personal loan

Loans are available with a variety of terms. The term is the length of your current loan agreement. Typically, terms range from 1 to 7 years. When a term ends, any balance you still owe can be repaid in full, or you may be offered a renewal term at the current interest rate.

Amortization period is the length of time it takes to pay your loan in full, assuming the same interest rate and payment amount throughout. Shortening your amortization period can help you reduce interest cost over the period but it will also increase your payments.

The interest rate stays the same for the term chosen

The interest rate changes whenever TD Prime Rate changes

What are my interest rate options?

Fixed Rate
Fixed interest rate stays the same for the term chosen. It’s ideal if you’re looking for set payments, and want to know exactly when the loan will be paid off.

Variable Rate
Variable interest rate changes whenever TD Prime Rate changes. It’s ideal if you’re not worried about changing interest rates, and want to benefit when interest rates decrease.

If interest rates decrease, more of your regular payment goes towards your principal, so you can pay off your loan faster1

If interest rates increase, more of your regular payment goes towards interest, and your amortization period will increase. Your regular payment may have to be adjusted periodically

Have a personal consultation to discuss your options. Call 188882872331-888-828-7233

The amount borrowed or still owed ‑ not including interest.


Amortization period is the length of time it takes to pay your loan in full, assuming the same interest rate and payment amount throughout. Shortening your amortization period can help you reduce interest cost over the period but it will also increase your payments.


Check in with your finances

Debt Consolidation Loan Calculator

Put all your debts in one place with a TD Debt Consolidation Loan.

Personal Cash Flow Calculator

To get a better idea of where you spend your money, enter your information below.

Net Worth Calculator

Get a better understanding of where your finances stand


Legal

1 Should interest rates rise, more is applied toward interest.


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