® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank. Use our loan calculator to estimate how much you could borrow, view our representative interest rates and calculate your monthly payments. Please speak to a TD banking specialist about your particular needs. Speak to a TD representative for more information on which solution may be right for your borrowing needs!Ĭontent in this video is for informational purposes only and may vary based on individual circumstances. If, on the other hand, you need the flexibility to borrow for a variety of needs, without having to reapply every time, then a line of credit may be a better option – as the funds up to your available credit limit are there, whenever you want! And you only pay interest on what you use. You can choose a fixed or variable interest rate… and select your payment frequency ranging from weekly to biweekly, semi-monthly or monthly. It provides a lump sum of money up front.
When obtaining a loan, lenders charge various kinds of non-refundable fees including processing fees and documentation charges. Banks charge more than just the interest rate on loans. Banks charge more than just the interest rate on loans. Need a loan for a home, a car or just for living The loan calculator estimates the loan costs for a selected loan. To help you decide which financial lending option might be right for you, keep the following in mind:ĭo you have a well-defined borrowing need with a particular end goal – such as buying a car, consolidating debt or another major expense? Then a loan might be a better option. It is also important to understand the Loan APR concept before using these calculators.
When it comes to borrowing needs – there’s no one size that fits all.