The Toronto-Dominion Bank
Debit-Based Installment Financing

Abstract:

The present disclosure involves systems, software, and computer implemented methods for automatically providing financing offers based on debit account expenditures. One example method includes monitoring a plurality of debit accounts that are associated with a plurality of customers, and identifying at least one transaction that meets a predetermined transaction identification rule. Generating a loan proposal based on the at least one identified transaction and transmitting the loan proposal to a user device. In response to receiving an indication that a user accepts the loan, a new funding account is opened and the user's debit account is credited with the amount of the loan value.