Voice-Over
When it comes to borrowing needs – there’s no one size that fits all.
To help you decide which financial lending option might be right for you, keep the following in mind:
Do 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 provides a lump sum of money up front. You can choose a fixed or variable interest rate… and select your payment frequency ranging from weekly to biweekly, semi-monthly or monthly.
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.
Speak to a TD representative for more information on which solution may be right for your borrowing needs!
On-Screen Graphics
Loan vs.
Loan vs. lend
Loan vs. line of credit
Loan vs. find money on ground
Loan vs. Line of Credit
Loan
Debt
Interest
Fixed
Variable
Weekly
Bi-weekly
Semi-monthly
Monthly
Line of Credit
Content in this video is for informational purposes only and may vary based on individual circ*mstances.
Please speak to a TD banking specialist about your particular needs.
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