Auto Loan

Family choosing a bank account

Borrow for the car you want,
within your budget

A TD Auto Loan is secured by your vehicle, that will provide
you with a lower interest rate than if it was unsecured.

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Funds upfront

Get access to the specific amount you need to purchase the car you want within your budget, whether it’s new or used.

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Interest rate options

Choose between a fixed or variable interest rate depending on what’s best for you.

The interest rate stays the same for the time period chosen.

The interest rate changes whenever TD Prime Rate changes.

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Repayment schedule

We’ll help you create a repayment schedule with a term and amortization period that works for you.

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Auto Loan Calculator

The right financing can help you find the right vehicle. See what you can afford.

Try it

Typical auto loan amount is between $20,000-$50,000

  • A TD Auto Loan is available for new and used vehicles (up to 7 years old)
  • Minimum TD Auto Loan amount is $7,500

What are my interest rate options?

Fixed Rate

This rate stays the same for the term chosen.

  • Ideal if you are looking for structured payments, and want to to know exactly when the loan will be paid off

Variable Rate

This rate changes whenever TD Prime Rate changes.

  • Ideal if you are not concerned with changing interest rates, and want to benefit from times when interest rates decrease
  • If interest rates decrease, more of your regular payment goes towards your principal, so you can pay off your loan faster
  • 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

The amount borrowed or still owed – not including interest.

Have a personal consultation to discuss your options. Call 1 877 247 2265

Other things to consider

In the case of the unexpected, get flexible protection for your loan obligations.

Cover occasional shortfalls in your chequing account, up to your approved overdraft limit.1

When the amount in your account is less than the amount you need.

When you make a transaction that is greater than the amount in your chequing account

Ready to apply?

Call us

Our banking specialists will help you with any questions you might have.
1 866 222 3456

Locate a Branch

By Address, Intersection, City, Postal Code OR by Branch Number

Apply online

You can conveniently submit an online application.

Apply now


What you’ll need:

  • An idea of how much you want to borrow
  • Social Insurance Number (optional)
  • Current address and previous address (if current address is less than 3 years)
  • Your income (sources and amount)
  • Your monthly mortgage or rent amount
  • Your monthly payments (loans, credit cards, lines of credit)
  • Household costs (utility, property tax, insurance, etc)
  • Bill of Sale before finalizing the 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 5 years.
When a term ends, any balance you still owe can be repaid in full, or you may be offered a renewal term at 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.

Secured loans and lines of credit are secured against your assets (home, investments, etc.), to protect the lender against any failure by you to meet your obligations. Because its secured you may get a lower rate or a higher credit amount.

Unsecured loans and lines of credit means the bank has not taken any security for the credit. Secured loans and lines of credit are secured against an asset (home, investments, etc.)