If you need money to pay off debt, finance a vacation or start a business, TD Bank offers flexible terms and repayment options, making it possible to find the right loan for you. You’ll be able to use your loan funds for just about anything. As long as you meet some basic requirements, you may qualify for a loan from TD Bank.
To qualify for a TD Bank loan, you must:
TD Bank has multiple loan options to cover most borrowing needs.
TD Bank doesn’t offer auto loans directly, but it does offer financing through dealerships. If you’re looking for a direct offer, you can find TD Bank auto loan alternatives. This bank doesn’t offer student loans either. To borrow for school or refinance existing student debt, compare TD Bank student loan alternatives.
The cost of your loan will depend entirely on which type of loan you’re after. However, the better your credit history and income, the lower your interest rate will likely be.
Fees also vary by loan. For instance, late fees for unsecured loans are an additional 5% of the minimum payment while secured loans have no late fee.
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TD Bank uses a layered security system, including Transport Layer Security (TLS) or Secure Socket Layer (SSL) to protect your banking information. Employees are trained in security measures, and you’ll be asked to confirm security questions any time you sign in to your account from an unrecognized device.
TD bank gets relatively good ratings for a bank of its size. Even though it’s actually Canadian, TD Bank is still the 10th largest bank in the US. It’s been accredited by the Better Business Bureau (BBB) since 2002 and gets an A+ rating based on factors like how it handles customer complaints.
Online reviews of TD Bank tend to lean negative, including reviews of its personal loans. Top complaints included: Too many documents, poor customer service, lost checks and other problems with payments going through.
Before you apply for a loan with TD Bank, make sure you’re eligible. Loans are only offered to US citizens or permanent residents who are over 18, have a credit score of at least 680 and live in a state where TD Bank has branches.
For a small business loan, you can navigate to the small business section to set up an appointment at a branch.
For all loans, be ready to provide:
TD Bank can provide you with a loan to fund many of life’s needs. Low fixed rates and variable terms make it an appealing option. But if services aren’t available in your state, you may need to look elsewhere. Be sure to compare your personal loan options or look into other business loan options to make an informed borrowing decision.
Can I use money in my TD Bank savings account as collateral for a secured loan?
Yes, and you’ll still accrue interest on the money in that savings account.
What if I can’t repay a loan from TD Bank?
You should call the customer service line to discuss a possible repayment plan.
Can I apply for a TD Bank small business loan online?
No. At this time, you can only set up appointments online. You must meet with a representative in person at a branch to apply.
TD Bank Express loans can get you up to $15,000 in as little as 48 hours through an easy online application. See how TD Bank compares to other lenders.