TD Bank Personal Loans Review
Basically, you have three major options when asking for a personal loan at TD Bank (TD Bank Personal Loans):
- personal unsecured line of credit,
Here YOU decide which one to choose.
Since your choice will depend on your objectives, means and personal circumstances, read the information stated below carefully.
This would be one of the most practical loan options if you need money for e.g. credit card debt consolidation, credit score improvement, home renovation, marriage, vacation, etc.
All the benefits of loans type are obvious.
First and foremost, there is no collateral required; this way you won’t risk your assets.
Second off, you’ll get the whole sum at once and pay it off making reasonable fixed monthly payments without any annual fee.
Asking for this type of a personal loans at TD Bank you can get the sum ranging between $2,000 and $50,000 for the period of 12-60 months.
Being subject to credit approval this loan requires 700 and above credit score.
Personal Unsecured Line of Credit
What distinguishes this type from other ones is both easy and flexible access to the money which means that you can get it any time you need it.
Either there are planned expenses (home improvements, large purchase, etc.) or unexpected ones (expensive surgery, plumbing or electrical problems, etc.), you can use the necessary amount paying currently determined rates.
TD Bank is offering min amount of $20,000 and max of $50,000 for a 10-year draw term followed by 10-year repayment period.
Again since this is an unsecured line of credit, no collateral is required.
Unsecured type, just like the previous one, subjects to credit approval too, and your credit rating should be 700 and above.
This TD Bank personal loan is characterized by two basic features: it charges lower interest rates and requires collateral (your TD savings, a TD Certificate of Deposit or money market savings).
Borrowing against any of these you can reach two objectives: use the loan for anything you need and keep your savings account growing earning interest on it this way.
Min amount provided by TD Personal SL will be $5,000 while the max will amount to your TD deposit account. You can get such a loan for a period of 12-60 months.
Although this loan type, just like the two mentioned above, subjects to credit approval too, and your credit history won’t affect your chances.
Why Apply to TD Bank?
- The bank provides one of the most beneficial set of terms and conditions.
- All the loans can be accessed via 24/7 Live Customer Service, online or mobile banking.
- Applying online you can get an Android phone free of charge (eligible accounts only).
Quick way: Talk to a lending specialist – 800-937-5020