TD Bank Personal Loans Review 2023

TD Bank’s personal loans range from $2,000 to $50,000 with fixed and variable-rate options. Loans require a $50 origination fee. If you sign up for autopay from a personal TD Bank checking or savings account, you get a 0.25% discount off the rate, which allows you to possibly secure the lowest advertised rates.

You can apply for a TD Bank personal loan online, by phone or by visiting one of its locations throughout the Northeast, Mid-Atlantic, Washington, D.C., metro area, the Carolinas and Florida. A personal loan application with TD bank takes about 15 minutes to complete. For the loan application, you’ll need your Social Security number, expenses such as mortgage, rent, vehicles and other loans, employment history and income. TD Bank will review this information along with your credit history and score. After submitting the form, you will receive a call from a lending specialist within one business day.

There is no disclosed minimum credit score requirement for TD Bank’s personal loans, nor does the bank disclose a minimum income requirement. However, both of these are factors in the approval process. TD Bank lines of credit can be approved within 48 hours. Estimated disbursement time is not disclosed.

TD Bank has a B rating with the Better Business Bureau. TD Bank has a bad rating with Trustpilot.

The Consumer Financial Protection Bureau received 33 personal loan complaints about TD Bank in 2019. Most complaints related to getting a line of credit, payment problems, or unexpected interest or fees. The company submitted a timely response for all complaints.