With TD Canada Trust Line of Credit, you make minimum monthly payments based on the amount you use, calculated from the day it is borrowed. Of course, you may wish to make a larger payment to reduce the overall cost of borrowing. There is NO penalty to pay more than the minimum. The minimum monthly payment is $50 or 3% of your outstanding balance(whichever amount is greater).

Please note, the calculator assumes your minimum monthly payments are made on payment due date.