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Debt Consolidation Loans


Debt management made comfortable.

If you’re balancing multiple debts, interest rates and payment schedules each month, a TD Debt Consolidation Loan can make managing your debt simpler and more convenient while lowering your regular payments.

With a TD Debt Consolidation Loan, you can combine all of your existing debt – such as credit cards, lines of credit or loans – into one regular payment. We’ll work with you to help you pay one interest rate, reduce what you pay, improve your cash flow and get closer to being debt-free sooner.

Come in and talk to us about how a TD Debt Consolidation loan might help you or call 1-866-222-3456 to book an appointment.

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Try the TD Debt Consolidation Loan Calculator

Input your current debts and see how combining them can help reduce your payments and interest costs.

TD Debt Consolidation Loan Calculator

How can a TD Debt Consolidation Loan work for you?

If you're trying to better manage your debt and feel more in control of your finances, TD can facilitate the process with a TD Debt Consolidation Loan. It restructures various debts and allows for one, more manageable, lower regular payment.

Here's what you'll get with a TD Debt Consolidation Loan:
  • No set-up fees, annual fees, or any additional costs for extra payments.
  • Choice of fixed and variable interest rate with the ability to setup different calendar payments and frequencies.
  • Our assistance in paying and closing existing credit facilities such as credit cards, lines of credit, or other loans.
  • Defer a payment (payment extension)*: you can request to defer the equivalent of one month’s payment, up to two times each year. Interest will continue to accrue and must be paid on the regular payment due date.

*Subject to TD Canada Trust approval. Conditions apply.


You won't have to worry about set-up or annual fees

This means you'll be able to keep your money going towards your loan payments. In addition, TD Debt Consolidation Loans have competitive interest rates, so if you have high interest debt from credit cards or other sources, you might lower your overall interest rate and loan payment amount. Having one interest rate and one lower regular payment can help improve your overall cash flow and make managing other expenses easier.

Choose a convenient payment plan

You have the option to choose from a variety of calendar payments and frequencies to suit your schedule, instead of making multiple payments on multiple debts at different times each month. You make one simple payment instead.

We'll work with you through the process and help you close debts from your creditors. Not only will we help you consolidate your debt but we will also close your TD and other financial institutions' credit facilities on your behalf, whether it be a credit card, line of credit, or other loan that are being consolidated into your new loan. This helps you become debt free faster and can even improve your credit rating over time. Learn more about managing debt.

Think a TD Debt Consolidation Loan might be right for you? Visit your TD Canada Trust branch today or call 1-866-222-3456 to book an appointment.

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Looking for more ways to better manage your money?
Try the TD Debt Consolidation Loan Calculator

Input your current debts and see how combining them can help reduce your payments and interest costs.

TD Debt Consolidation Loan Calculator

Here are some examples1 of how a TD Debt Consolidation Loan can help:

newProfessional_Amy

Amy has been working for two years since starting off on her own. In addition to a line of credit, she's added some credit card debt from furnishing her apartment and finds herself juggling several debts, interest rates and payment schedules.

By consolidating her multiple debts into a TD Debt Consolidation Loan, Amy now has just one payment to think about each month. But beyond just the simplicity, she was able to get a lower overall interest rate and now pays $150 less per month with an interest savings of $1,280.



newLeaf_Jeff

Jeff overextended himself financially and found himself with significant debt spread across several creditors. He was paying as much as 24% interest on some of his debt, and felt as if he was only paying off interest instead of any of the principal he owed. He couldn't picture himself ever paying off his debts.

With TD's help, Jeff was able to get on better financial footing. A TD Debt Consolidation Loan allowed him to significantly lower his interest rate, make his payments more manageable and put him on the road to improved financial health. In just a few years, Jeff should be debt-free, have an improved credit rating and be ready to start saving.

See how it could work for you.
Try it now
Try the Calculator
See how it could work for you

Input your current debts and see how combining them can help reduce your payments and interest costs.

TD Debt Consolidation Loan Calculator
Let's talk about it

Come visit us at a TD branch or call 1-866-222-3456 to book an appointment and we'll help you answer any questions you may have about debt consolidation.