TD Bank Personal Loans Review

Basically, you have three major options when asking for a personal loan at TD Bank:

  • unsecured,
  • personal unsecured line of credit,
  • secured.

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.

Benefits

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.

TD Bank Personal Loans

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.

Related:

BB&T Loans

Veteran Friendly Personal Loans

How to apply for a loan with Lendup?

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?

  1. The bank provides one of the most beneficial set of terms and conditions.
  2. All the loans can be accessed via 24/7 Live Customer Service, online or mobile banking.
  3. Applying online you can get an Android phone free of charge (eligible accounts only).

Quick way: Talk to a lending specialist – 800-937-5020


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5 Comments
  1. John says

    Thanks to this post i know now how to apply td bank personal loans, you have given me very good advices, i am very happy, i will try to apply this personal loans now, how you advice in your post, to see if this really works, thanks!

  2. Martin says

    Excellent information about the bank. Learn about the benefits of the loan, now think to apply to the bank or the other. Overall a very useful knowledge that can be useful in modern life.

  3. Bernadette says

    Many thanks for the info! I applied successfully when needed money and now I’m trying to follow all tips you provide to use my money wisely.

  4. Rob says

    We applied for a mobile home remortgage (after asking the rep from TD bank if they handled then and he said yes). We went through the process, dealing with a very ignorant Kimberly Barr. We paid the $470 for their appraiser to go out. They turned around right after that and said they dont handle mortgages for mobile homes. Why charge an elderly man on fixed income a $470 charge if you knew in the beginning you didnt do them? They claim they didnt know it was a
    Mobile home yet we sent them the deed, title and description of the home. What a ripoff this bank is

  5. Peter says

    Most important info (you must read before apply): The TD Express Loan is available for loan amounts between $2,000 and $15,000. The TD Express Loan is an Unsecured Personal Loan that receives expedited processing for customers who are looking for loan amounts up to $15,000 and have a credit score of 680 or above. No income verification is required, and funds may be available within 2 days after you apply. TD Express can also be used for large purchases (furniture, vacation, weddings), home improvements, and almost any other large purchase. It cannot be used for Educational expenses.

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