Borrow Better with a TD Line of Credit
A TD Personal Line of Credit gives you ongoing access to the cash you need. You can repay and reuse your credit again and again, with no need to reapply.
How can a Line of Credit meet your needs?
Paying off higher-interest debts
A TD Personal Line of Credit could help you save money by paying off higher-interest credit cards, debt and credit.
Repairing or renovating your home
Whether you need a new roof or a complete renovation, a line of credit can help make it happen.
Covering education costs
Post-secondary education can be expensive. A line of credit makes it easy to manage the costs as they arise.
Securing credit with your investments
With eligible investments as collateral, you’ll pay less interest on your borrowing than you would with an unsecured line of credit.
TD Personal Lines of Credit
TD has Lines of Credit to help achieve your borrowing goals, and you pay interest only on the funds you’re using.
Personal Line of Credit
Have the credit you need, when you need it
- Available for: managing life’s sudden expenses, be they large or small
- You can borrow: any amount up to your approved limit
- Repayment: As you repay the money you’ve borrowed, that credit becomes available to you again
View details
Special Offer
Student Line of Credit
A way to cover the ongoing costs of education
- Available for: tuition, books, boarding and more
- You can borrow: up to $80,000 for undergrads, and $325,000 for professional and graduate students
- Repayment: Interest-only payments until 24 months after you leave school
View details
TD Home Equity FlexLine
Your home can be a powerful financial borrowing tool
- Available for: paying off large expenses or renovating your home
- You can borrow: up to 80% of your home value
- Repayment: Minimum interest-only payments
View details
Investment Secured Line of Credit
Use your eligible investments as collateral
- Available for: borrowing at a lower interest rate versus an unsecured line of credit
- You can borrow: up to $200,000 or more, depending on your investments
- Repayment: Pay just the interest that’s due, or more if you wish
View details
Use our calculators to plan your borrowing
Personal Loan/Line of Credit Calculator
Compare what you might be paying with a loan vs. a line of credit.
Find out how much your school year will cost.
Learn more about borrowing with a Personal Line of Credit
Understand Loans and Lines of Credit
See how they work, and decide which option is best for you.
Compare TD Loans and Lines of Credit
Compare TD Loans and Lines of Credit
TD has a range of options for borrowing. Find out how they work.
Get and maintain good credit
See what it takes to build a healthy credit history.
What’s a good credit score?
Find out the number that tells lenders you’re a good credit risk.
Need help finding the right TD Borrowing products?
Just answer a few simple questions. We'll suggest TD products to help you achieve your borrowing goals.
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Transcript
Tips to help you manage debt
Debt… not your typical topic of conversation with friends or family.
For the most part, a lot of us like to avoid thinking of the topic altogether.
But what we can all agree on is that we would love to get rid of it – or at least pay it down faster.
So here are some steps you can take to help you tackle it.
First off, review your outstanding debts.
After reviewing your budget, rank the debts in the order they should be paid off – the best order is to rank the higher-interest debts first to help you pay less interest.
Second, consider consolidating those higher-interest-rate debts into one loan with a lower interest rate.
Debt consolidation loans can be a good way to help reduce the money you're spending on interest, because with a lower interest rate, more of the loan payment is applied towards paying the principal.
Consolidating several debts into one loan can help give you an estimated end date as to when that debt will be paid off – which could lead to an improvement in your credit score, with one payment being made on time each month.
Lastly, if you end up with more cash on hand due to a lower monthly loan payment, you might consider applying some of it to further reduce the loan amount.
