The Toronto-Dominion Bank
Credit-Based Installment Financing

Abstract:

The present disclosure involves systems, software, and computer implemented methods for providing credit card customers with an offer to finance large, unexpected, or general expenditures on a set installment plan associated with a fixed interest rate or fee. The rate or fee associated with the offer can be a flat one-time fee, a fixed interest rate, or a combination thereof. In some instances, a variable interest rate can be offered. In some instances, the fee can be an ongoing small or nominal fee added to each repayment over a period of time.