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Comprehensive Breakdown: TD Bank's Personal Loans in February 2024

TD Bank
Welcome to our thorough analysis of TD Bank's personal loans. Here, we dissect their loan products and offer insights on their applicability to various borrower profiles. Additionally, our guide provides a relative perspective against other prominent lenders, assisting you in making an enlightened financial decision.
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Best Personal Loan Today 27.02.2024*
Personal Loans
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
2000.00 – 100000.00 $

Effective interest rate on the product

6.34 – 35.89 %

Loan term for the financial product

2 months – 72 months
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TD Bank
TD Fit Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™

Effective interest rate on the product


Loan term for the financial product

36-60 months
TD Bank Loan Calculator

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The Legal Status of Personal Loans in the USA

In the USA, personal loans are legal and typically used for non-business needs. They must be repaid according to the loan agreement, which includes interest and a repayment timeline. Various laws regulate these loans, including the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, and the Truth in Lending. These laws protect both the lender's interests and the borrower's rights, ensuring fairness and transparency in the lending process.

The application process was a breeze, and I received a response within minutes. This straightforward and prompt procedure proved to be a great help to me during a crucial time of need.
JG Wentworth
The assistance I received was exceptional. My representative handled my case with care and provided all the necessary information...
OneMain Financial
The loan application process was straightforward, and the representative I interacted with displayed patience, provided informative answers, and was quite pleasant throughout...
My Funding Choices
The process was swift and straightforward, which was particularly helpful during a time when, despite my reluctance to seek assistance, I genuinely needed help.
Plain Green Loans
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise...
Advance America
I have never encountered any issues with this company. They consistently deliver funds on time, and the repayment process is straightforward...

Credit and Loans in TD Bank in The United States

What is credit and what role does is play in our personal finances? In this video, learn the basics of credit and loans, including common terms, such as "installment" and "revolving credit," how to obtain credit, and the importance of creating and maintaining a good credit score.

Comprehensive Breakdown: TD Bank's Personal Loans in February 2024

What are TD Bank Personal Loans?

TD Bank personal loans offer a practical solution for individuals residing in the United States who seek financial assistance for various purposes, including your home improvement project, high-interest debt consolidation, or personal expenses. These loans feature favorable fixed interest rates, comfortable repayment plans, and the added benefit of no origination fees or prepayment penalties. The application process is conveniently available online or in person at TD Bank's branches located in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, Washington DC.


  1. TD Bank offers unsecured installment loans known as personal loans. These loans come with fixed interest rates and can support borrowers in various significant life events. The TD Fit Loan provides a no-collateral option, making it a viable alternative to credit cards or other forms of secured financing. An unsecured personal loan offers the freedom to utilize funds without being tied to any limitations or specific loan purposes.
  2. TD Bank offers unsecured loan amounts ranging from $2,000 to $50,000 for eligible borrowers for 36-60 months. This spectrum allows borrowers to choose a loan size that aligns with their specific financial needs and requirements. TD Bank's rates for unsecured personal loans range between 8.99% and 23.99%.
  3. With competitive interest rates, predictable monthly payments, the convenience of applying online or in person, and the absence of any origination fee or prepayment fee, borrowers can manage their loans without additional costs. Plus, TD bank loans can be used as a helping hand for debt consolidation. Moreover, the fast funding process ensures quick access to funds, allowing individuals to address their financial needs promptly.
  4. TD Bank offers a secured personal loan as a custom lending solution for those who are able to back a loan with eligible assets. In this case, "eligible" refers to assets of value that are traded on a major exchange and may be subject to taxation.

Pros and Cons


Attractive Fixed Interest Rate. TD Bank personal loans offer rates that remain fixed throughout the loan term, providing stability and predictability in your interest payments. The rates range between 8.99% and 23.99%, depending on your credit history.

Zero Origination Fees, Absence of Prepayment Penalty. TD Bank does not charge origination fees or impose prepayment penalties, allowing you to save money and pay off your loan ahead of schedule without incurring additional costs.

Quick Funding. Once approved, you can expect to receive the loan funds in your bank account as quickly as in one business day, enabling you to access the funds promptly.

Diverse Payment Options. TD Bank provides multiple repayment methods, including online, phone, in-person, and mail payments. You can also customize your payment due date or set up automatic payments to suit your preferences and financial situation.


    Narrow Availability. TD Bank personal loans have restrictions on availability, as they are only offered in specific states. Consequently, not all individuals will have the opportunity to apply for a loan.

    Strict Credit Score Requirements. To qualify for a TD Bank Personal Loan, applicants must meet a minimum credit score requirement of 600. This criterion may pose a challenge for some individuals who do not meet the specified credit score threshold.

    Late Charges. In the event of a missed payment, TD Bank may impose late fees, which can add to the overall cost of the loan.

    Co-Signer Prohibited. TD Bank does not permit the inclusion of co-signers on personal loans. This policy may present difficulties for individuals who fall short of meeting the credit score requirement or have other factors that diminish their creditworthiness.

      How to Apply for a TD Bank Personal Loan?

      Apply For a Loan


      1. Ensure Eligibility. Before applying, verify if you meet the eligibility requirements, such as age, residency, bank account, income, and credit score.

      2. Prepare Documents. Collect the necessary documents for the loan application, including basic personal information, Social Security number, employment history, income verification, expense details, pay stubs, and any additional documentation requested by TD Bank.

      3. Apply In-Person. Visit a TD Bank location and speak with a loan specialist to complete the application process. Provide the required information, including personal details, desired loan amount, and preferred loan term.

      4. Learn and Sign the Loan Agreement. Once your application is submitted, TD Bank will review it and inform you of the approval decision. If approved, carefully review the loan documents provided, addressing any questions or concerns before signing.


      1. Understand Your Eligibility Status. Before proceeding with the application, ensure that you meet the eligibility requirements, including age, residency, bank account, income, and credit score.

      2. Compile Documentation. Prepare your personal information, Social Security number, employment details, income verification, and expense history, and anticipate any additional documents on TD Bank's demand.

      3. Apply Online. Visit TD Bank's website and complete the application form with accurate personal information, desired loan amount, and preferred loan term, or you can apply here through You won't be charged any application fees.

      4. Comprehend and Accept Your Loan Agreement. After submitting the application, TD Bank will review your submission and communicate the approval decision. If approved, comprehend the loan documents provided, addressing any inquiries or uncertainties before accepting.

      To find out if you can apply for a TD Bank personal loan, you should answer the following questions:

      1. How Old Are You? In most states, you must be at least 18 years old to be eligible for a TD Bank personal Loan.

      2. What is Your Residency? TD Bank Personal Loans are limited to residents of certain states in the US. Verify if you reside in one of these states before proceeding with the application - Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington DC.

      3. Do You Have a TD Bank Account? To receive the loan funds, you must have a personal checking or savings account with TD Bank or another financial institution.

      4. Do You Have a Stable Income? A stable source of income is required to qualify for a TD Bank personal loan. TD Bank may request documentation, such as pay stubs or tax returns, to verify your income.

      5. How Good Is Your Credit History? TD Bank's personal loan applicants must meet a minimum credit score requirement of 600. Your credit score evaluates your overall financial responsibility and influences the size of loan amounts available to you.

      Furthermore, loan options that you can access may vary based on your eligibility, and TD Bank will determine the minimum payment required based on the loan terms and amount borrowed.

      Ways to Receive the Money

      1. Electronic Transfer. It is done particularly through direct deposit. Your loan will be transferred directly to your bank account within one business day, allowing you to utilize the required amount.
      2. Check. This is an old-fashioned but still convenient way of obtaining money, is also available for TD Bank clients.
      3. Credit Card. This is a renewable financial source for immediate needs, is offered to borrowers with a reliable credit history. Once the bank initially funds it, you can then manage it independently.

        How to Pay Off the TD Bank Personal Loan?

        You have four options to pay off your TD Bank personal loan:

        1. Make payments online through TD Bank's website.
        2. Use the TD Bank mobile app for convenient payment management.
        3. Visit a TD Bank branch in person and make your payment there.
        4. Repay your loan by utilizing any bank's ATM, ensuring the machine accepts deposits. However, please note that envelope-free ATMs are unsuitable for making TD Fit loan payments.

        Consider the TD Fit loan as a building block that aids in establishing a solid financial foundation. By consistently making timely payments, you open doors to more personalized loan options in the future. This allows you to receive a more customized loan offer that could potentially become the best personal loan you've ever obtained. Why not take advantage of this opportunity?

        By following these steps, you can take control of your personal loan and work towards paying it off beneficially:

        1. Meet Your Obligations. Consider all aspects of your budget consistency, comprehend your loan agreement, and calculate the percentage of your income that you can comfortably allocate to make repayments. After conducting this analysis, you will be able to develop your financial plan using a mobile app or by writing it down on paper. Once documented, it will serve as your guiding beacon throughout your financial voyage.

        2. Beware of Overspending throughout the Life of the Loan. We can advise you to spend more towards your loan repayment, as there are no prepayment fees if you choose to pay off your loan early. You can prioritize your loan repayment over instant pleasures by exercising control over your expenses, even if they may seem small.

        3. Be Self-Directed. It is better not to wait for reminders from the bank for each monthly payment. Avoid late payments and keep in mind that missing a payment can result in a late payment fee. Consider setting up automatic repayments to prevent missed payments and save time from manual payments. Ensure you have sufficient funds in your bank account when the due date comes to enjoy the convenience and efficiency of automatic repayment.

        4. Know That You Can Get Assistance. The TD Fit team members are available to help you with any questions regarding your loan, such as personal loan rates, unsecured loan options, and the most suitable debt consolidation tools. Additionally, the bank's lending specialist can assist you if you find yourself unable to repay on time. Don't hesitate to ask for support from the bank's customer support team, as they will help you manage the repayment.

        Things to Consider

        When it comes to unsecured loans, TD Fit loans have a duration starting from 36 months (three years) and not exceeding 60 months (five years). An additional strength of TD Bank's unsecured personal loans is the absence of origination or application fees, which can save you money. It is worth negotiating the repayment terms before signing the loan agreement and ensuring that you are comfortable with them because this step will prevent any potential difficulties you may face if you are unable to repay the loan properly.



        Apply For a Loan

        Personal loans from Discover allow borrowers to access funds without any fees while enjoying the benefits of fixed interest rates and different repayment options. With loan amounts ranging from $2,500 to $35,000 and terms extending from 36 to 84 months, Discover empowers you to find the right loan solution that suits your needs and financial goals.

        Marcus by Goldman Sachs

        Apply For a Loan

        Marcus by Goldman Sachs offers a convenient online lending solution for individuals in need of personal loans. With fixed interest rates and flexible repayment options, Marcus ensures a transparent and accessible borrowing experience. What's more, this lender prioritizes transparency by not charging any hidden fees that could negatively impact your budget. Loan amounts ranging from $3,500 to $40,000, along with loan terms spanning from 36 to 72 months, allow borrowers to find a loan that aligns with their repayment capabilities.


        Apply For a Loan

        LightStream, an esteemed online lender, provides personal loans with competitive interest rates, no hidden fees, and the added advantage of same-day funding. With loan amounts ranging from $5,000 to $100,000 and flexible loan terms spanning from 24 to 144 months, LightStream loans can be helpful with a wide range of borrowing needs. LightStream's personalized loan options can help you easily achieve your financial goals, equally when you seek financing for a relatively small expense or a larger investment.


        Apply For a Loan

        SoFi, an innovative online lender, provides personal loans with competitive interest rates, no fees, and convenient repayment options. You can choose the loan amount from $5,000 to $100,000. The loan terms are spanning from 24 to 84 months. With SoFi's user-friendly online platform and commitment to exceptional customer service, borrowers can confidently navigate the loan process and find suitable financing options.

        Wells Fargo

        Apply For a Loan

        Wells Fargo, a reputable bank, offers personal loans with fixed interest rates, no collateral requirements, and flexible repayment options. With loan amounts ranging from $3,000 to $100,000 and loan terms spanning from 12 to 84 months, Wells Fargo provides the necessary financial support to help you accomplish your objectives. Wells Fargo is committed to assisting you in achieving your desired outcomes for a variety of purposes.

        Editorial Opinion

        When it comes to trusted financial institutions in the United States, TD Bank stands out as a reliable and customer-centric choice. TD personal loans provide a range of benefits that empower individuals to achieve their goals, whether it's consolidating debt, financing a major purchase, or funding a dream vacation. One of the key strengths of TD personal loans is their accessibility. TD Bank has established an extensive branch network, ensuring that customers can easily access their services and receive personalized assistance. The bank's commitment to customer satisfaction is evident in its streamlined application process, which can be completed online or in person with the guidance of knowledgeable professionals. This combination of technological convenience and personalized service ensures that individuals can easily navigate the loan application process, making it a stress-free experience. Moreover, TD personal loans offer competitive interest rates and flexible repayment options tailored to meet the diverse needs of borrowers. Whether individuals require a short-term loan with a quick repayment period or a longer-term loan with affordable monthly installments, TD Bank provides options to suit their financial situations. The bank's transparent terms and conditions allow customers to make informed decisions, empowering them to manage their finances effectively and take control of their debt. In a few clicks, you can conduct quick research here at and then evaluate your options and weigh the benefits and drawbacks before making a final decision. We are here to assist you in obtaining the best personal loan options available.


        Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.


        At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

        In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

        At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

        Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

        Additional resources

        To learn more about personal loans and best practices, check out some of the following resources:



        How hard is it to get a personal loan from TD Bank?

        The bank has a minimum credit score and an income requirement you should meet. TD doesn’t disclose the minimum income criteria on its website or papers, but for both express loans and personal unsecured loans, you need to have a credit score of 600 or higher.

        What credit score do you need for a TD Bank personal loan?

        You need to have credit score of 600 or higher to get unsecured personal loans from TD bank.

        Does TD Bank offer secured personal loans?

        You don’t need collateral to apply for a TD personal loan. They are unsecured. The same is applicable to the credit cards and other financing options of TD.

        How fast does TD Bank approve loans?

        Typically, it takes about two days for TD Bank to make a decision regarding unsecured personal loans. In practice, this decision is often reached within one business day.

        Does TD Bank verify income?

        Yes, TD Bank verifies income. Prepare your financial documents before applying for the loan. These documents include pay stubs, tax returns, and bank statements. The bank will inquire about your employment history and regular expenses, such as mortgage or rent. If you have additional sources of income, such as rental properties or investments, you can prepare relevant documentation to support these earnings.