Other Credits
This page will show you some of the loans, the lines of credit, and the mortgages.
Loans
1. Personal Loan
Borrow up to $50,000
Funds upfront
-Get the amount of credit for renovations, investments, purchases and more.
Repayment schedule
-Create a repayment schedule with a term and amortization period
Interest rate options
-Decide on a fixed or variable interest rate
Payments that fit your budget
-Works with your budget so you can repay your loan
What are my interest rate options?
Fixed Rate
-Stays the same for the term chosen.
Variable Rate
-Changes whenever TD Prime Rate changes.
Lines of Credit
1. Personal Line of Credit
Borrow up to $50,000
Convenient Access
-Access credit through TD Access Card, cheques and EasyWeb online banking
Use it again
-Available again, when you pay any of the credit you've used
No need to re-apply
-Apply once and you can continue using
Choose how you repay
-Pay the minimum payment requirement
-Pay greater amount up to the entire balance.
What are my rate options?
Competitive Variable Rate
-Based on TD Prime Rate
Fixed Rate Advantage Option
-Lock balance into a fixed interest rate for a one year term
-Minimum amount is $2,000.
-When term finish, remaining balance will move to the variable rate
The credit limit of student line of credit:
2. Student Line of Credit
Convenient Access
-Access credit through your TD Access Card, cheques and EasyWeb online banking.
Low interest rates
-Same interest rate applies before and after completing school
Interest-only payments while in school
-For 12 months after you leave school.
Manageable repayment
-Monthly payments starts 12 months after you leave school; as little as 1% of balance or $50
No need to re-apply
-Apply once and you can continue to access (use and reuse).
Investment Secured Line of Credit
-Borrow up to $200,000
Choose how you repay
-Pay minimum monthly payment requirement
-Pay greater amount up to the entire balance.
Competitive Variable Rate
-It is based on TD Prime Rate
2. RSP Loan
Depending on RSP loan type, you can borrow up to $50,000
Reduce your taxes
-Contribute up to your maximum amount
-Help reduce taxes that are required to pay.
Repayment schedule
-Help create a repayment schedule with a term
Interest rate options
-Fixed interest rate
-Variable interest rate
Deferred payment option
-Can defer payments for up to 120 days; interest will grow
3. Home equity line of credit
Convenient access
-Access credit through TD Access Card, cheques and EasyWeb online banking.
Homeownership costs
-Finance purchases to the home renovations and unexpected home repairs.
Lower interest rate
-Borrow credit against home equity
-Provides you a low interest rate.
What are my rate options?
Competitive Variable Rate
-Variable rates based on TD Prime Rate
Fixed Rate Advantage Option
-Can borrow up to 80%
Types of RSP Loan
3. Liquid Secured Loan
Borrow up to $50,000
To be eligible, you must hold the following:
-Bank bonds
-GICs
-Mutual Funds
Funds upfront
-Get credit to act on some investment opportunities
Secured low interest rate
-Secured against eligible investments
-Interest rate can be low
Repayment schedule
-Create a repayment schedule with a term
Interest rate options
-Fixed interest rate
-Variable interest rate
What are my interest rate options?
Fixed Rate
-Stays the same for the term chosen.
Variable Rate
-Changes whenever TD Prime Rate changes
4. Auto Loan
Auto loan:$20,000-$50,000
TD Auto Loan: up to 7 years old
Minimum loan amount: $7,500
Funds upfront
-Access specific amount to purchase the car within your budget
Interest rate options
-Fixed interest rate
-Variable interest rate
Repayment schedule
-Help to create a repayment schedule with a term
What are my interest rate options?
Fixed Rate
-Stays the same for the term chosen.
Variable Rate
-Changes whenever TD Prime Rate changes.
Mortagages
Here are some types of mortgages:
Fixed-Rate Mortgages
-Fixed Rate Mortgage
-Six-Month Convertible Mortgage
-One-Year Open Mortgage
-CashBack Mortgage
Variable Interest Rate Mortgages (VIRM)
-Closed Variable Interest Rate Mortgage
-Open Variable Interest Rate Mortgage
-Home Equity Line of Credit
Here are some of the rates of the mortgages:
