Toronto Dominion Bank’s Loans Breakdown (2016-2023)

This statistic highlights Toronto Dominion Bank’s Loans Breakdown, split across business and government loans, personal loans, credit card loans, mortgage loans for homes, and other loans, reported on a quarterly basis starting from 2016 onwards.

Toronto Dominion Bank’s Loans Breakdown

One of the biggest banks in Canada, TD Bank provides a variety of financial services and products, including loans for companies. To meet the needs of companies of various sizes and sectors, TD Bank offers commercial loans, lines of credit, and other forms of finance. The bank offers five main types of loans:

1. Business and Government Loans,
2. Personal Loans,
3. Credit Card Loans,
4. Mortgage Loans for Homes, and,
5.  Other Loans.

The below table shows us the amount of different types of loans provided by TD Bank:

(All figures in CAD, except percentages)

From Q4 2022 to Q1 2023, you can see that corporate and government loans increased by 2%. Additionally, it has been noted that consumer loans, followed by credit card loans, are the next most common type of loan granted, tied with commercial, government, and residential mortgages. We can also see that, in addition to residential mortgage loans, the organization has seen an increase in the volume of consumer and corporate loans. However, consumer and credit card loans are also declining.

The 5 Types of  Loans offered by TD Bank are described below:

• Consumer loans: Consumer loans are unsecured loans that can be utilized for a number of things, including debt consolidation, home improvements, and major purchases. Personal loans, home renovation loans, and auto loans are just a few of TD’s consumer loans.
• Credit card loans: Revolving credit lines, such as credit card loans, are available for a range of uses. Each of the credit cards that TD offers has a unique set of features and advantages.
• Residential mortgage loans: Loans that are used to fund the purchase of a home are known as residential mortgages. Residential mortgages from TD come in a range of options, each with a unique set of features and advantages.
• Government-business loans: Governments frequently provide loans to firms to aid operations and promote economic expansion. These loans can give businesses access to money for various needs, including growth, equipment purchases, working capital, or R&D. These loans may be available or have different terms depending on the nation, the location, and particular government initiatives.
• Other loans: Student loans are among the other loans. Other loans are available from TD, each with a unique set of specifications and conditions.

 About TD Bank

Toronto, Canada is home to Toronto-Dominion Bank’s main office. One of the various business divisions that make up TD Bank are Canadian Retail Banking, American Retail Banking, Wholesale Banking, and Wealth Management segments. TD Bank operates in a few additional nations, focusing mostly on the Canadian and American markets. However, North America is where its operations are mostly concentrated. TD Bank is commended for its strong financial position, customer happiness, and commitment in the community. Its large network of branches and ATMs serves millions of customers in Canada and the US.

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