Personal Credit
Personal Line of Credit
Make the most of life's opportunities -- any time you want
With a TD Canada Trust Line of Credit, you'll be prepared to take advantage of opportunities whenever they come your way.
Our Line of Credit loan gives you automatic access to funds whenever and wherever you want them -- up to $50,000, or even more with a Line of Credit secured by the equity in your home.
A Line of Credit also gives you competitive interest rates and a host of flexible financial options that put you in complete control.
Whether you're thinking about new furniture, renovating your home, buying a new car, going on the trip of a lifetime, or any other opportunity, a TD Canada Trust Line of Credit can give you the flexibility and control you need to make it happen.
More flexibility. More control.
Instant access to your money
- Write a Line of Credit cheque
- Make cash withdrawals at TD Canada Trust bank branches
- Add your Line of Credit to your TD Canada Trust Access Card and use it at merchants and automated banking machines (ABMs) worldwide
- Transfer funds from your Line of Credit using EasyLine telephone banking or EasyWeb Internet banking
Competitive interest rate options
Use the Fixed Rate Advantage Option at any time to lock in all or a portion (subject to minimums) of your credits balance at a fixed interest rate with fixed payments
Choose your monthly payments
- Choose how much you want to pay toward your outstanding personal credit balance each month -- as little as 3% or $50, whichever is greater, or any amount up to the entire balance
- Pay interest only when your Line of Credit is secured with the equity in your home
- Use the Fixed Rate Advantage Option at any time to lock in all or a portion (subject to minimums) of your balance with fixed payments at a fixed interest rate
Freedom from reapplying
- Once you open your Line of Credit, you have access to the full credit limit and you don't have to reapply
- As you pay off any personal credit that you have used, it becomes available again
- For example, if you have a credit limit of $20,000, you might use $15,000 to renovate a favourite room and have $5,000 for other purposes. As you pay off any additional portion of the $15,000, that credit becomes available again
Convenient ways to manage your account
- Online, by phone or at Green Machine ABMs
- Review account status and recent transactions
- Transfer balances to and from other TD Canada Trust accounts
Use your home's equity to get lower rates, higher credit and added payment flexibility.
With a conventional HELOC, you can utilize up to 80% of the equity in your home, with rates as low as TD Prime, and make monthly payments of as little as interest only. You can also access up to 90% of the appraised value or purchase price (whichever is lower) of your home should you qualify.
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Peace of mind for pennies a day.
Line of Credit Critical Illness and Life Insurance can help your family and estate avoid debt by paying the outstanding balance on your TD Canada Trust Line of Credit.
You only pay for the amount of insurance you need, based on your average daily TD Canada Trust Line of Credit balance. If there's no balance, there's no charge.
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