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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, with no need to reapply.

Why apply for a TD Personal Line of Credit?

  • Use and reuse your credit

    Once you repay any credit you've used, it's there to be used again1

  • Choose how much you repay

    Pay as little as your minimum payment2 or any greater amount, up to the entire balance

     

  • Competitive interest rate

    Enjoy a variable interest rate based on TD Prime Rate.

  • Secure for a lower interest rate

    Using eligible investments as collateral will require meeting with an advisor to review eligibility and get started.

A TD Personal Line of Credit is good for you if…

   you want convenient access to funds3

   you are looking to pay off higher interest rate debt and potentially lower monthly payments

   you want flexibility to lock in part or all of your outstanding balance to a Fixed rate advantage option

Loan vs Line of Credit calculator

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Tools and resources

  • Help me choose

    Just answer a few simple questions. We'll suggest TD products to help you achieve your lending needs.

  • Check your credit score 

    You can check your credit score with the TransUnion CreditView® Dashboard in the TD app. Checking in the TD app will not affect your credit score in any way.

  • Credit application guide

    This step-by-step guide will help you understand the credit application process.

  • How to manage debt

    Knowing how to manage your debt is key to paying it off. See our tips to manage debt.

Borrowing advice

Get helpful insights and tips on how to borrow wisely, manage your payments and make informed financial decisions.

Learn more

TD Line of Credit Protection

Considering a TD Personal Line of Credit? Help prepare for the uncertainties of life with optional TD Line of Credit Protection which could pay off or reduce your outstanding balance should you pass away or face life-threatening cancer, acute heart attack, or stroke.4

Learn more

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.

  1. TD Investment details

    If you are using a TD Investment as collateral to secure a lower interest rate, be prepared to provide the investment details 

  2. Adding a co-signer?

    The same information and documents will also be needed from them

  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.

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