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TD Bank Personal Loan Review

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TD Bank offers more than one type of personal loan, depending on your needs. Once you apply and are approved, you can get your funds in as little as 48 hours, which is faster than the process with some other lenders. TD personal loans might be best for those who want to borrow up to $50,000 and pay a low or no origination fee. Read on to learn more about TD Bank personal loans.

TD Bank personal loan highlights

  • 4 types of personal loans: TD Bank offers four personal loan products to meet the needs of various borrowers. You can choose from the TD Express loan, unsecured loan, unsecured line of credit, or personal secured loan.
  • Quick funding available: With the TD Express loan, you may receive your money in as little as 48 hours after you’re approved. Terms may apply.
  • Low or no origination fees: If you opt for the TD Express loan, unsecured loan, or unsecured line of credit, you won’t have to pay any origination fees. With the personal secured loan, there’s an origination fee of No origination fees.
  • Flexible terms: Since TD Bank’s personal loan terms range from 12 to 60 months, you may find a payment schedule that is ideal for your budget.
  • AutoPay discount: If you have a TD Bank checking or savings account and set up automatic payments, you can lock in a 0.25% APR discount on your loan.

TD Bank at a glance

  • APR range: 6.99% to 18.99%
  • Minimum credit score: 660
  • Terms: 12 to 60 months
  • Origination fee: No origination fees (secured loan only)
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Terms Fees and penalties
  • Terms: 12 to 60 months
  • APR: 6.99% to 18.99%
  • Loan amounts: $2,000 to $50,000
  • Time to funding: As early as 48 hours after you’re approved. Terms may apply.
  • Credit check: Hard Pull
  • Origination fee: None or $50 with the personal secured loan.
  • Prepayment fee: None
  • Late payment fee: The lesser of 5% of the minimum payment due or $10.
  • Annual fees: $25 annual fee with the unsecured line of credit

Eligibility requirements

  • Minimum credit score: 660
  • Minimum credit history: Not specified.
  • Maximum debt-to-income ratio: Not specified.

If you apply for a TD Bank personal loan, you must be able to provide a history of employment and income, your current expenses, and Social Security number.

Applying for a personal loan from TD Bank

You can apply for a TD Bank personal loan online, via phone, or in person at a TD Bank location. If you choose to apply online, the process should only take about 15 minutes to complete. Once you apply, a lending specialist will contact you within one business day to inform you whether you’ve been approved.

The application process will require you to provide basic personal information as well as your Social Security number, expenses like mortgage payments and rent, and employment history and income including overtime.

Depending on the personal loan product you apply for, you can receive the money in as little as 48 hours.

Pros Cons
  • Quick funding: With the TD Bank Express Loan, you may be able to receive funds in as little as 48 hours.
  • 24/7 customer service: TD Bank offers 24/7 live customer service for its loan customers so you can receive help any time you need it.
  • 4 personal loan options: Since TD Bank offers the TD Bank Express Loan, unsecured loan, unsecured line of credit, and personal secured loan, you can find a personal option that suits your needs.
  • Good credit is necessary: The minimum credit score requirement for a TD Bank personal loan is 660 so you may not get approved if you don’t have the best credit.
  • High minimum borrowing requirements: You can’t borrow less than $2,000 with any of TD Bank’s personal loan options.
  • Not available everywhere: TD Bank primarily services borrowers on the East Coast so its personal loans may not be an option if you live elsewhere.

Who’s the best fit for a TD Bank personal loan?

If you have good or excellent credit and can qualify for TD Bank’s lowest interest rates, you may be a good candidate for one of TD Bank’s personal loans. These loans may also make sense if you need fast cash and/or want to borrow up to $50,000 with no origination fees, application fees or prepayment penalties.

In addition, TD Bank personal loans may be a wise choice if you are an existing TD Bank customer and/or live near a TD Bank location and like the idea of applying for a loan in person.

Alternative personal loan options


  • APR: 5.74% to 19.99%*
  • Minimum credit score: Not specified
  • Terms: 24 to 144 months
  • Origination fee: No origination fee

A LightStream personal loan may be a good option if you’re interested in longer terms or a more competitive APR.

Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 8/22/22 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.


  • APR: 7.99% to 35.99%
  • Minimum credit score: 620
  • Terms: 24 to 72 months
  • Origination fee: 0.00% - 7.00%

If you don’t qualify for a personal loan with TD Bank because of your credit, LendingPoint may be a viable option. However, you may have to pay an origination fee and potentially a higher rate. This means your loan can be notably more expensive than if you were to borrow with TD Bank.

Santander Bank, N.A

  • APR: 6.99% to 16.99%
  • Minimum credit score: 0
  • Terms: 24 to 60 months
  • Origination fee: No origination fee

You may be a good fit for a Santander Bank personal loan if you don’t live in a TD Bank service area but are interested in working with a brick-and-mortar bank. Keep in mind that Santander Bank offers a longer minimum term than TD Bank. However, its APRs are slightly more competitive.


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