TD Bank Personal Loan 2021 Review


Top perks

Low minimum loan amount

TD Bank personal loans are available from $2,000 to $50,000, meaning you can borrow as much or as little as you need without getting locked into a personal loan that doesn’t fit your needs. With APRs ranging from 6.99% to 21.99%, it’s essential to borrow what you can easily afford to repay.

One single fee

With a TD Bank personal loan, you may never pay a fee. There’s no origination fee, monthly fee, annual fee, or prepayment fee. According to TD Bank, there’s not even a fee for non-sufficient funds — as long as you get your payment in by the due date. The only fee is for late payments, and it’s 5% of the minimum payment due or $10, whichever is less.

Fast funding

If you’re in a pinch and need money fast, TD Bank can have it in your bank account in as little as one day. As long as your application is relatively simple and the lender doesn’t require additional documents for verification, you can apply for a loan one day and have the money the next.

What could be improved

Limited availability

TD Bank personal loans are only available to residents of Connecticut, New Jersey, Delaware, New York, North Carolina, Florida, Pennsylvania, Maine, Rhode Island, Maryland, South Carolina, Massachusetts, Vermont, New Hampshire, Virginia, and the District of Columbia.

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Interest rate

There are plenty of lenders with lower APRs than TD Bank’s lowest personal loan rate of 6.99%. For well-qualified borrowers, it makes sense to look elsewhere.

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