Independent head-to-head comparison of APR, loan limits, credit requirements and funding speed for two Canadian lenders.
Major Canadian chartered bank featuring innovative mortgage solutions, extended branch hours, and customizable loan options.
Visit TD Canada TrustCanada's international bank and leader in flexible borrowing through the Scotia Total Equity Plan (STEP) and variable mortgages.
Visit Scotiabank| Feature | TD Canada Trust | Scotiabank |
|---|---|---|
| Lowest APR | 5.19% | 5.09% |
| Highest APR | 12.49% | 12.25% |
| Min Loan | $3,000 | $5,000 |
| Max Loan | $1,500,000 | $1,750,000 |
| Min Credit Score | 650 | 660 |
| Funding Time | 24-48 hours | 2-3 business days |
| Loan Types | mortgage, personal, debt_consolidation, auto, student | mortgage, personal, debt_consolidation, auto, business |
| Provinces | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU | ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU |
TD Canada Trust starts at 5.19% APR while Scotiabank starts at 5.09%. The cheapest option depends on your credit score, loan amount and term. Always compare your personalized APR offers — advertised rates are minimums for the strongest applicants.
TD Canada Trust typically requires a minimum credit score of 650. Below that, consider alternative lenders that specialize in credit-challenged borrowers.
Scotiabank typically funds in 2-3 business days after final approval. Same-day funding usually requires e-transfer-eligible accounts and document approval before cutoff.
TD Canada Trust serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. Scotiabank serves ON, BC, AB, QC, MB, SK, NS, NB, NL, PE, NT, YT, NU. Province availability is a hard requirement — verify before applying.
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