MyMoney Loan | Canada Post

The Canada Post MyMoney Loan application is temporarily unavailable. We apologize for the inconvenience.

Canada Post MyMoney Loan delivered with TD

There’s a new loan in the neighbourhood.

Get to know the Canada Post MyMoney Loan, a simple and affordable personal loan for all Canadians from coast to coast to coast.

With payments that can fit your budget, our personal loans can help you pay down higher interest rate debts, cover unexpected costs like car repairs or make major purchases.

Already have a MyMoney Loan account?

MyMoney customer login

Affordable and flexible loans

Here’s why a Canada Post MyMoney Loan can work for you:

Choice of variable or fixed rates
- Variable interest rates between 11.03% and
  
  21.03%
  
  (TD Prime Rate + 4.33% to TD Prime Rate + 14.33%)
- Fixed interest rates from 9.98% to 19.98%
Borrow from $1,000 to $30,000
Flexible repayments that can be spread over 1 to 7 year terms
Pay down your loan at any time without additional charges
Choice of repayment options – choose to make regular payments weekly, bi-weekly, monthly or semi-monthly
No fees unless you miss a payment
- If you don’t have enough funds in your account when your payment is withdrawn, you’ll owe a non-sufficient funds (NSF) fee

Find the loan that’s right for you

No one likes hidden surprises, especially when it comes to your finances. Use this calculator to see what your loan payment and interest costs could be.

The calculation is based on the accuracy and completeness of the data you’ve entered. The information is intended for illustrative and general information purposes only and does not mean that you’ve been approved for a loan. Additional conditions may apply. Any application is subject to credit approval.

To provide your results, the calculator treats the interest rate you enter as a fixed rate. Actual payments may vary. The total interest provided above is captured in the payment amount.

Here’s what your loan could look like. Please find your results below.

Your Monthly payment

$180.92

Total interest

$1,653.48

Complete cost

$8,653.48

The calculation is based on the accuracy and completeness of the data you’ve entered. The information is intended for illustrative and general information purposes only and does not mean that you’ve been approved for a loan. Additional conditions may apply. Any application is subject to credit approval.

To provide your results, the calculator treats the interest rate you enter as a fixed rate. Actual payments may vary. The total interest provided above is captured in the payment amount.

Frequently Asked Questions

Applying for your loan

How long will it take me to go through the process?

Completing your loan application only takes minutes. If you’re approved, you could receive your funds within 1 – 5 business days.

Once complete, you’ll see the status of your loan within the application. Approved applicants will be guided on how to accept the terms and conditions. And if applicable, you’ll receive instructions on how to confirm your identity.

Your Canada Post MyMoney Loan application is subject to approval and approval limits, interest rates and repayment conditions.

You can learn more about how you’ll receive your funds under the FAQ "How will I get the funds?"
Do I have to be a TD customer to qualify for this loan?
What information do I need to provide when applying?

To apply you’ll be asked general questions such as your gross annual income (your income before taxes from all sources) and your monthly housing costs (including mortgage or rent payments, property taxes, and heating costs). While providing your Social Insurance Number (SIN) is optional, it is recommended as it is helpful in locating your credit bureau information required for the application process.
Where can I see details about my Canada Post MyMoney Loan?

Once TD approves and activates your loan, you can review your loan details by logging in to your Canada Post MyMoney Loan Account, or by referencing your Loan Confirmation Letter with the Loan Credit Agreement that was mailed to you.

If you are an existing TD customer, you can also view your Canada Post MyMoney Loan through EasyWeb or the TD Mobile App.

Our loan specialists are also available toll free at:

1-844-229-0413 (English)
1-844-229-0424 (French)

Good to know

Do I require collateral to back this loan?
How is the interest rate for my loan determined?
How will I get the funds?
What’s the difference between fixed and variable interest rates?

A fixed interest rate stays the same for the term of your loan. This means you know exactly how much interest you will pay and when you’ll have repaid your debt.

Variable interest rates can fluctuate up or down when the prime rate changes, but your loan payments stay the same. With a variable interest rate Canada Post MyMoney Loan, your rate rises or falls with the TD Prime Rate. If the interest rate decreases, more of your payment goes to the principal amount owed, meaning you may end up paying off your loan faster. If the interest rate increases, more of your payment goes toward interest, meaning it may take you longer to pay off your loan.

The one exception is in the case that interest rates rise to the point that your payment doesn’t cover the interest portion of the payment (known as the “trigger rate”). In this situation, you have the option to increase your regular payment amount going forward or to make one or more supplementary payments to cover the difference.

Your actual loan rate will depend on your credit score and other factors. View our competitive rates. TD Prime Rate is 6.70% as of January 26, 2023.

Get tips and expert advice

Tips and tools

Understanding your credit score

Find out more

Find out more: Read “Understanding your credit score.”

Tips and tools

What to consider before borrowing money

Find out more

Find out more: Read “What to consider before borrowing money.”

Tips and tools

How to protect yourself when interest rates rise

Find out more

Find out more: Read “How to protect yourself when interest rates rise.”

Tips and tools

How to make a budget (and stick to it)

Find out more

Find out more in our blog, “How to make a budget (and stick to it).”

Tips and tools

Protecting yourself from fraud and scams

Find out more

Find out more in our blog, “Protecting yourself from fraud and scams.”

Canada Post has always been committed to enhancing communities by connecting people with the product they need most. That’s why we’re making it easier to access affordable and flexible personal loans in your neighbourhood with the Canada Post MyMoney Loan delivered with TD.

™ Trademark of Canada Post Corporation® The TD logo and other trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.

Be ready

The Canada Post MyMoney Loan application process is not available at this time.

Have questions? Call toll free at: 1-844-229-0413 (English) 1-844-229-0424 (French)
Monday to Friday, 8 am – 10 pm ET Saturday and Sunday 10 am – 6 pm ET

Canada Post MyMoney™ Loan Flexible loans that work for you

Canada Post MyMoney Loan delivered with TD

Affordable and flexible loans

Find the loan that’s right for you

$180.92

$1,653.48

$8,653.48

Frequently Asked Questions

Popular questions

Why is Canada Post offering personal loans?

Am I eligible for a Canada Post MyMoney Loan?

How does the Canada Post MyMoney Loan work?

What is a credit score?

Applying for your loan

How long will it take me to go through the process?

Do I have to be a TD customer to qualify for this loan?

What information do I need to provide when applying?

Where can I see details about my Canada Post MyMoney Loan?

Good to know

Do I require collateral to back this loan?

How is the interest rate for my loan determined?

How will I get the funds?

What’s the difference between fixed and variable interest rates?

Get tips and expert advice

Be ready