TD Bank Equity Loan Rates and Credit Lines

TD Bank offers equity loan rates that can help homeowners tap into their home's value.

The minimum loan amount for a TD Bank equity loan is $10,000.

You can use the loan for a variety of purposes, such as home renovations or paying off high-interest debt.

The loan is a type of secured loan, meaning it's backed by the equity in your home.

TD Bank offers two types of home equity loans: a Home Equity Line of Credit and a Home Equity Loan.

The Home Equity Line of Credit offers a low, variable rate with a fixed rate option, and you can borrow only what you need, up to your credit limit.

You can use this type of loan for renovations, consolidating debt, or making major purchases, and it provides flexibility in managing both planned and unplanned expenses.

To be eligible for the lowest rate, you'll need a TD Bank personal checking account, which can save you 0.25% on your interest rate.

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Here's a comparison of the two loan options:

Keep in mind that your actual Annual Percentage Rate (APR) may be higher than the rates shown, and it's based on your credit history, loan amount, and other factors.

With a TD Bank Home Equity Line of Credit, you can borrow what you need, as you need it, up to your credit limit. This makes it a great choice for managing both planned and unplanned expenses.

You'll get flexibility in managing your finances with a low, variable rate, and the option to lock in a fixed rate for added security.

Borrowing up to your credit limit gives you the freedom to make major purchases or consolidate debt.

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Your actual Annual Percentage Rate (APR) may be higher than the rates shown, and it's based on your credit application characteristics.

The APR is variable and tied to the Wall Street Journal Prime Rate, which can change. As of now, the Prime Rate is a certain percentage, but it's subject to change.

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A TD Bank personal checking account is required to be eligible for an additional 0.25% rate discount, which is a nice perk.

However, if you close your personal checking account, the relationship discount may be terminated, and your interest rate may increase by 0.25%.

Loans are subject to credit approval, and TD Bank is an equal housing lender.

You should also be aware that TD Bank doesn't endorse or guarantee the content of third-party sites linked from their page.

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To apply for a TD Bank equity loan, you can choose from three convenient options: applying online, speaking with a Home Lending Specialist, or visiting a TD Bank location near you.

Applying online is the fastest way to get started, and you can do so by visiting the TD Bank website. You can also reach out to a Home Lending Specialist by calling 1-800-815-6849 for personalized assistance.

If you prefer to apply in person, you can find a TD Bank near you by visiting their website. This option allows you to discuss your loan options and get a quote with a representative.

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If you're ready to apply, you have a few options.

You can apply online by visiting the TD Bank website.

To speak with a Home Lending Specialist, call 1-800-815-6849.

You can also visit a TD Bank near you to apply in person.

To get a personalized rate quote, you can use TD Home Loan Match to see rate and payment options for a home equity loan or line of credit. This tool helps you find the best loan to get cash out of your equity.

You can opt for a low variable rate with the option to borrow only what you need, up to your credit limit. This rate can be as low as Prime %% rate discount with a TD personal checking account, and no minimum draw is required.

Alternatively, you can choose a low fixed rate with predictable payments that make it easy to budget. This fixed rate is available for a 120-month term, and you'll receive one lump sum upfront to know your monthly payment.

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Here are the key features of TD Bank's home equity loan and line of credit:

A TD Bank Home Equity Line of Credit is a great option for borrowing what you need, as you need it, up to your credit limit. This makes it perfect for renovating your home, consolidating debt, or making major purchases.

You can get flexibility in managing both planned and unplanned expenses at a low, variable rate with a fixed rate option.

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