Loans and Lines of Credit › Lines of Credit

Lines of Credit

Convenient and flexible lines of credit

A line of credit is a flexible way to borrow. It can also be a great option for home renovations,
education, paying off higher interest debt and much more.

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Convenient access

Access your credit through your TD Access Card1, cheques and EasyWeb online banking.

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Pay interest on what you use

Interest is only charged on the amount you use. You can pay down and continue to access your remaining credit available.

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No need to re-apply

Apply once for a credit limit that you can continue to access (use and re-use).

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Flexible repayment schedule

Pay the minimum amount required or pay off as much as you want.

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Reduce high interest debt

Consolidating your high interest debt? A new low interest rate could mean lower payments.

Family choosing a bank account

Maiko renovated

Maiko wanted to install new hardwood floors in her condominium. With no equity available from her condo, she applied and was approved for a $25,000 line of credit. With this money she was able to complete her small renovation with ease and still had some credit left over to help her consolidate some higher interest credit card debt.

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

Compare all our lines of credit

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

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

  Home equity line of credit Student Line of Credit Investment Secured Line of Credit Personal Line of Credit
Is this for me? If you own a home and want a lower rate - you can use the equity you’ve built up in your home to secure a line of credit. If you area student, this line of credit features a student specific low interest rate. If you have eligible investments and want a low rate. A line of credit is for anyone.
Credit Limit Borrow an amount based on the value of your home Undergraduate Students: Up to $40,000 Graduate and Professional Students: Up to $250,000 Depending on the investment, borrow up to 100% of the value of your eligible investments Up to $50,000
Rate
Minimum Payment
  • Monthly interest-only payments while in school and for up to 12 months after
  • After that, pay the greater of $50 or 1% of the outstanding balance each month or any amount greater
  • Pay the greater of Interest only or $50
  • 3% of the outstanding balance upon customer request
  • Pay as little as the minimum monthly payment requirements as set out in your Line of Credit Agreement, or any greater amount up to the entire balance
  • Establish regular fixed payments through our Fixed Rate Advantage Option
Fees Set up fee No Security registration fee (amount depends on province) No

Tips for using your Line of Credit

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Use your lower interest line of credit to pay off higher interest debt.

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Use a pre-authorized payment plan and ensure you never miss a payment.

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Pay down your balance with any additional funds so you can to save on interest.

Things to consider

Protect your family from outstanding line of credit debt - one less thing to worry about.

Cover occasional shortfalls in your chequing account, up to your approved overdraft limit.2

Learn how to take control of your debt so you can achieve your financial goals.

We’re here to help

Call us

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

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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

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

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