What Types of Loans Does TD Bank Offer?

TD Bank offers a variety of loan products to meet the diverse needs of its customers. Whether you're looking to purchase a home, buy a car, or need financial assistance for personal reasons, TD Bank has a loan option for you. Here’s a comprehensive look at the different types of loans TD Bank offers:

1. Mortgage Loans TD Bank provides several types of mortgage loans, including:

• Fixed-Rate Mortgages: Offers stability with fixed monthly payments over the life of the loan.
• Adjustable-Rate Mortgages (ARMs): Provides lower initial rates that adjust after a set period, potentially offering lower payments.
• VA Loans: Designed for eligible veterans and service members with competitive rates and no down payment requirement.
• FHA Loans: Backed by the Federal Housing Administration, these loans are ideal for first-time homebuyers with lower credit scores or smaller down payments.

2. Home Equity Loans Home equity products allow you to borrow against the value of your home. TD Bank offers:

• Home Equity Loans: Provides a lump sum with a fixed interest rate, ideal for large expenses.
• Home Equity Lines of Credit (HELOCs): Functions like a credit card with a revolving balance and variable interest rate, suitable for ongoing expenses.

3. Auto Loans TD Bank offers competitive rates on auto loans, which can be used for purchasing new or used vehicles. Their auto loans include:

• New Car Loans: Designed for new vehicle purchases with competitive rates and flexible terms.
• Used Car Loans: For buying pre-owned vehicles, often with slightly higher rates than new car loans but still competitive.

4. Personal Loans Personal loans from TD Bank can be used for a variety of purposes, such as debt consolidation or unexpected expenses. These include:

• Unsecured Personal Loans: Loans that don’t require collateral, typically with higher interest rates.
• Secured Personal Loans: Loans that require collateral, which can offer lower rates and higher borrowing limits.

5. Student Loans TD Bank provides financing options for education through:

• Private Student Loans: Designed to cover the cost of education not met by federal aid, with flexible repayment options.

6. Business Loans For entrepreneurs and businesses, TD Bank offers several options:

• Small Business Loans: Provides funding for various business needs, including equipment purchases and working capital.
• Commercial Real Estate Loans: For purchasing or refinancing commercial property.
• Lines of Credit: Offers flexible borrowing options for short-term business needs.

7. Credit Cards While not traditional loans, TD Bank’s credit card offerings can function as a form of credit. Options include:

• Rewards Credit Cards: Earn rewards on purchases, with various benefits and no annual fees.
• Cash Back Credit Cards: Provides cash back on purchases, helping you earn money as you spend.

TD Bank’s loan products are designed to cater to a wide range of financial needs, providing options whether you're managing personal finances, purchasing a home, or running a business.