TD Bank is known for its secured and unsecured personal loans. Plus, you do not need to be their member to apply for a personal loan.
Our Rating: 86%
TD Bank is known for its secured and unsecured personal loans. Plus, you do not need to be their member to apply for a personal loan.
Check your pre-qualified personal loan rates online now.
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:
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:
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.