In a market with so many options today, choose the personal loan lender that’s best for your particular circumstances might be challenging.
If you would rather conduct business with a physical bank, TD Bank can be a good option for your personal loan requirements.
TD Bank personal loans are unsecured installment loans with fixed interest rates that can be used for a variety of major life events. Our TD Fit Loan, which requires no collateral, can provide an alternative to credit cards or other forms of secured financing that require collateral.
About TD Bank: Corporate Profile
The Toronto-Dominion Bank and its subsidiaries make up the TD Bank Group, which has its headquarters in Toronto, Canada, and more than 90,000 employees worldwide (TD). Through its three main business divisions, TD provides a broad range of financial products and services to more than 27 million customers globally.
Retail in Canada includes TD Canada Trust, Business Banking, TD Auto Finance, TD Wealth, TD Direct Investing, and TD Insurance Retail in the United States includes TD Bank, America’s Most Convenient Bank, TD Auto Finance, TD Wealth, and TD’s investment in Schwab Wholesale Banking, which includes TD Securities.
The Northeast, Mid-Atlantic, Washington, D.C., North Carolina, South Carolina, and Florida are among the states where TD Bank has more than 1,100 locations, making it one of the ten biggest banks in the country. Along with unsecured personal loans, TD Bank also provides credit cards, mortgages, checking and savings accounts, home equity lines of credit, and credit cards.
This bank is a wonderful option for people looking for a personal loan with a quick application process because it is well known for providing quick, same-day approvals on its TD Fit Loan.
On July 31, 2022, TD had CDN$1.8 trillion in of assets. With more than 15 million active online and mobile users, TD is one of the top global providers of financial services online. Under the ticker code “TD,” the Toronto-Dominion Bank trades on the Toronto and New York stock markets.
The Bank Act’s regulations apply to the chartered Toronto-Dominion Bank (Canada). The Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869, were combined on February 1, 1955, to become it.
Overview:
- Loan amount: $2,000 – $50,000
- Min. credit score: Not disclosed
- APR from: 6.99% – 19.99%
- Funds available in: As soon as one business day
TD Bank offers
The best bank for regular monthly payments is TD Bank. If you want to make regular monthly payments, TD Bank Fit Loans’ fixed interest rates are beneficial. If you need money right away, TD Bank can be a good choice since loan funds can be made accessible in as little as one working day.
In addition to these advantages, TD Bank was the winner of the Bankrate Award for best personal loan from a bank in 2022. It features the online services that borrowers want and need and achieved the highest Bankrate Score among bank lenders.
Here is a list of some of the advantages and disadvantages of personal loans from TD Bank.
Pros
- An in-person banking environment
- TD Fit Loan approved in one day
- Cheap APRs
Cons
- Unstated eligibility criteria
- Credit score requirement not revealed
TD Bank Loan Conditions
APRs for the $2,000 to $50,000 fixed-rate, unsecured personal loans from TD Bank range from 6.99 percent to 19.99 percent. Terms ranging from 36 to 60 months are offered. Funds can be made available to borrowers as soon as the next working day.
Penalties and fees
Loan fees are kept to a minimum by TD Bank. No application, origination, monthly, yearly, or prepayment fees are assessed. However, late payment penalties for loans are $5 or 5% of the minimum amount due, whichever is smaller. Residents of Florida will also need to pay a document stamp fee.
How to submit a loan application to TD Bank
On the bank’s website, you can submit an unsecured loan application. According to TD Bank, customers can receive initial clearance in as little as a minute and funds as soon as the following working day.
You’ll need basic contact information as well as the following details to complete the loan application:
- The social security number you have.
- Any existing expenses you may have, like a mortgage or rent.
- Your earnings and work history.
It’s a good idea to look at several lenders before choosing one. Another lender can offer you a better deal with a cheaper rate. Make sure to evaluate personal loan rates depending on your unique demands when shopping, taking into account the loan size, credit score, region, and other factors.
Our Rating
Availability: 4.8/5.0
Quick approval with same-day funding in just one working day.
Affordability: 4.8/5.0
Overall, there are very few fees and a low APR of 6.99%.
Customer experience: 5.0/5.0
24/7 customer service, highly regarded mobile applications, and internet access and use.