TD Bank Personal Loan Review

Loan Amount:

$2,000 - $50,000

Minimum Credit Score:

680

APRs From:

6.99% - 18.99%

Funding Speed:

As fast as one business day

Get Pre-Qualified for a Personal Loan Today

What loan amount would you look to borrow?

Loan Amount $

You can choose from secured and unsecured personal loans. However, if you wish for more flexibility, you can take advantage of the unsecured personal line of credit.

Unsecured Personal Loan

If you choose the unsecured personal loan, you can borrow anywhere from $2,000 and $50,000. The repayment terms are from one to five years. The bank also offers an unsecured loan express version. This loan version allows you to borrow up to $15,000. You can get the fun in as fast as two days.

Unsecured Personal

For a more flexible personal loan option, TD Bank offers an unsecured line of credit. This loan comes with long terms.

Secured Personal Loan

If you need over $50,000, you can opt for a secured loan. This loan is made up of your deposit account value with one to five years repayment terms.

To give you a bigger picture of the TD personal loan terms and requirements, check out the comparison table below:

Type of Personal Loan	Loan Range Amount	APR Range	Fees	Loan Terms	Repayment Options	Direct Payment to Creditors
Unsecured Personal Loan	$2,000 - $50,000	6.99% - 18.99% with AutoPay	• No origination fee • No repayment penalty • No check processing fee • No Return Payment Fee/NSF • Lesser of 5% of minimum payment due or $10 late payment fee	1 to 5 years	Monthly	No
Unsecured Personal Line of Credit	$20,000 - $50,000	10.50% - 15.50% with AutoPay	• $25 annual fee • No repayment penalty • No check processing fee • No Returned Payment Fee/NSF • Lesser of 5% o monthly past due or $10 late payment fee	10 years draw period followed by 10 years repayment period	Monthly	No
Secured Personal Loan	$5,000 - $50,000	7.92% variable rate	• $50 origination fee • No repayment penalty • No check processing fee • No Returned Payment Fee/NSF • No late payment fee	1 to 5 years	Monthly	No

TD Bank serves the East Coast, including Washington D.C., Maryland, Florida, Virginia, Pennsylvania, New Jersey, and New York.

TD Bank Personal Loan Application Process

For a line of credit or personal unsecured loan, you can apply online. However, you need to visit the TD branch to sign the closing paperwork. You need to call or visit the branch if you need a secured loan.

Application Process	Online and In-Branch Visit (Line of Credit and Unsecured Loan Only, By Phone or In-Person
Time to Get Funds	2+ days
Cosigners/Co-borrowers	Yes
Credit Reporting	Yes
Credit Check	Hard credit check

Once you start the application process, you have to choose whether you want to apply for a loan or line of credit. You need to provide your ZIP code and choose the closest TD Bank branch to your location.

You also have to provide some information about the loan you are applying for, such as:

Number of co-applicants
Whether you want an AutoPay enrolment
How much funds you need
How you plan to use the funds

Then, you need to choose a specific loan term. TD Bank will provide the monthly payment estimates to help you decide.

After you complete that application phase, you need to provide personal information, including:

Name
Address
Phone number
Date of birth
Social Security number
Employment and annual income
Major monthly expenses (rent or mortgage payments and other debts)

Next is to submit the loan application for approval. Once your application is approved, the bank may require you to visit the branch to sign the closing paperwork. Beware that the funding takes a few business days.

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