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Why apply for a Line of Credit?
Choose between two interest rate options
Competitive Variable Rate
Enjoy a competitive line of credit interest rate based on TD Prime Rate.
Fixed Rate Advantage Option
Protect yourself from rate increases. Set up regular payments with a fixed interest rate for all or part of your revolving balance.
At the end of your term, any remaining balance returns to the revolving portion of your Line of Credit.
Ways to use your Line of Credit
Borrow better with our calculators
Other Lines of Credit We Offer
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Student Line of Credit
Get the funds you need to cover the costs of a post-secondary education. -
Investment Secured Line of Credit
Use your eligible investments as collateral to borrow at a lower interest rate vs. an unsecured line of credit. -
TD Home Equity FlexLine
With your home as collateral, you’ll pay less in interest than with a personal line of credit.
Frequently Asked Questions
TD customers can apply for a TD Personal Line of Credit online here.
Certain lines of credit—such as a Student Line of Credit, TD Home Equity FlexLine and TD Investment Secured Line of Credit cannot be completed online. Please contact TD to apply. This is also the case for any TD Personal Line of Credit if you are a new TD customer. You can book your meeting here, or by calling us at 1-866-222-3456.
This information is not available in the TD app at this time. To check the current terms of your Line of Credit (LOC) online, please log in to EasyWeb.
TD offers the option to apply for a Student Line of Credit, available for Undergraduate, Graduate and Professional students.
Visit the Student Hub to see the TD banking solutions and resources for students.
Learn more about borrowing
Legal
1 Available 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.
2 Subject to the terms of your Line of Credit Agreement or any applicable holds that may have been placed on the funds deposited.
3 Your minimum payment will be stated in your Line of Credit agreement.
4Interac is a registered trade-mark of Interac Corp. Used under licence.
Application Checklist
To start your application, there are a few things we’ll need from you:
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Government-issued identification (original and not expired) Examples of valid ID
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Proof of income
- If employed, provide your last two paystubs
- If self-employed, provide your last two Notice of Assessment documents (tax returns) -
Expense statements: Mortgage/rent payments, utility bills, taxes, other credit statements, etc.
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Bank account details form for the deposit of funds and to schedule repayment
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Adding a co-signer?
The same information and documents will also be needed from them -
Applying to consolidate debt?
We’ll need up- to- date statements of those accounts, including their balances and account details -
You consent to credit checks
As part of this credit check, we will give your information to credit bureaus and other lenders. They will give reports and information to us, about you, to help assess your eligibility and creditworthiness.
-
Government-issued identification (original and not expired) Examples of valid ID
-
Proof of income
- If employed, provide your last two paystubs
- If self-employed, provide your last two Notice of Assessment documents (tax returns) -
Expense statements: Mortgage/rent payments, utility bills, taxes, other credit statements, etc.
-
Bank account details form for the deposit of funds and to schedule repayment
-
Adding a co-signer?
The same information and documents will also be needed from them -
Applying to consolidate debt?
We’ll need up- to- date statements of those accounts, including their balances and account details -
You consent to credit checks
As part of this credit check, we will give your information to credit bureaus and other lenders. They will give reports and information to us, about you, to help assess your eligibility and creditworthiness.
How to apply for your line of credit
Submit an online application