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.
Access your credit through your TD Access Card1, cheques and EasyWeb online banking.
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.
No need to re-apply
Apply once for a credit limit that you can continue to access (use and re-use).
Flexible repayment schedule
Pay the minimum amount required or pay off as much as you want.
Reduce high interest debt
Consolidating your high interest debt? A new low interest rate could mean lower payments.
Have a personal consultation to discuss your options. Call 1 877 247 2265
Compare all our lines of credit
|Home equity line of credit (HELOC)||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 are a 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|
|Fees||Set up fee||No||Security registration fee (amount depends on province)||No|
Tips for using your Line of Credit
Use your lower interest line of credit to pay off higher interest debt.
Use a pre-authorized payment plan and ensure you never miss a payment.
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.
Learn how to take control of your debt so you can achieve your financial goals.
We’re here to help
1Available when TD Canada Trust Line of Credit is programmed on your TD Access Card. Fees may apply for Interac® access and the use of other ATMs.
2Subject to the terms of your Overdraft Protection Agreement