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Lines of Credit

Compare all our lines of credit

  Personal Line of Credit
 Apply now 		Home equity line of credit (HELOC)
Book an appointment 		Student Line of Credit
Book an appointment 		Investment Secured Line of Credit
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Is this for me? A line of credit is for anyone. 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.
Credit Limit Up to $50,000 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
Rate
Minimum Payment
  • Pay at your own pace with interest only payments
  • Establish regular fixed payments through our Fixed Rate Advantage Option

    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

  • Set your own pace and pay as little as interest only on the Revolving Portion.
  • Establish regular payments by putting all, or a portion, of your outstanding balance into a Term Portion

    Put all or a portion of your outstanding balance from the Revolving Portion into a Term Portion (subject to minimum amounts) and establish regular payments at a fixed or variable interest rate for an open or closed-to-prepayment term, depending on the rate you have chosen.

  • 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
Fees No Set up fee No Security registration fee (amount depends on province)

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.

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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