Is a TD Bank Personal Loan Worth It?

(May 2024)

Is a TD Bank Personal Loan Worth It?

In This Article

Our Verdict

Consider TD Bank personal unsecured loan if you are a resident within the 15 East Coast States or Washington DC; you need a bank with a considerably long term to repay and very fair interest rates.

TD Bank is available in the 15 East Coast States of the United States and Washington DC.

Expect not-too-good customer service from TD Bank as is common with several large banks due to the size of their customers, as the bank keeps struggling with customer satisfaction. Know that TD Bank personal loan has a considerably low-interest rate on its loans.

Here’s other relevant information you need to know:

TD Bank NA.

Corporate Headquarters 1701 Route 70 East Cherry Hill, NJ 08034

United States of America

Phone Number: +1 800-937-2000


  • Change of payment date allowance.
  • Pre-qualification check with no effect on credit history
  • Loan approval in minutes.
  • Loan amounts with a wide range
  • Quick disbursement of funds
  • No prepayment fees
  • No Origination fee


  • No discount on Autopay
  • No Co-signing or Joint Application
  • No direct payment to creditors on the debt consolidation loan
  • Present in only 15 States

Who This Product Is Best For

Settle for TD Bank personal loan if you:

  • Are likely to apply for a change in the date of the monthly payment
  • Don’t want to pay the origination fee
  • Need very quick disbursement of fund
  • Want to avoid a prepayment penalty

Who This Product Isn't Right For

Go for another personal loan if you:

  • Will prefer lenders which give discounts on autopay.
  • Want a lender that deals with creditors directly in debt consolidation.
  • Are outside the 16 States where TD Bank is available.
  • Want to sign or apply jointly with another person.

What This Product Offers

  • TD Bank Fit Loan

Consider TD Bank personal unsecured loan when you have various needs to meet and you can’t raise the money at the moment. Think of TD Bank personal unsecured loan, if you need funds for home improvement, emergency needs, debt consolidation, vehicle purchase, wedding, and even vacation.

Keep in mind that for any of the needs you want to meet and you are applying for a loan, you don’t need to worry about collateral as all the TD Bank personal loans are unsecured, just work on your qualification for the loan and apply.

Product Details

TD Bank Fit Loan

Know that TD Bank has just one heading for all its personal loans under the name “TD Bank Fit Loan” which is an unsecured loan with no need for collateral. To qualify for the TD Bank personal loan, you must be resident in one of the 15 East Coast States or Washington DC. Take advantage of the online application feature with TD Bank to apply and complete the application online without necessarily stepping out of your house.

Send in your pre-qualification request to TD Bank and receive approval for your loan within 60 seconds and get your money disbursement within 24 hours. If you are looking for a bank with one of the best interest rates, consider TD Bank because you can get a loan for an interest as low as 8.99%; most banks’ minimum interest rates start from 9.99%. Even though TD Bank personal loan is one of the few banks with the longest terms for repayment, with a minimum of 36 months and a maximum of 60 months, don’t let your loan terms be too long because it affects the interest rate that goes with your loan.

Keep in mind that TD Bank has a different and wide range of loan amounts from $2000 to $50,000 depending on what you need the funds for; don’t worry also about origination fee or prepayment penalty for early payment. Know however that you have to pay at least 0.5% or $10 for late monthly payments.

Understand that setting up automatic payment methods will not entitle you to any discount, unlike several banks that hat give customers who autopay discounts from 0.25% to 0.5%. Know also that you can’t co-sign a loan or jointly apply for TD Bank personal unsecured loan because the Bank does not give that option.

Loan amount

$2,000 to  $50,000




36-60 months

Repayment Term





15 States and Washington DC

Funding speed

Within one working day

Where This Product Stands Out

Approves Loan in Minutes

Know that with TD Bank you tend to know your loan application status in record time; sometimes you know if you qualify for the loan you are applying for within 60 seconds.

Use the knowledge you have about the time of loan approval and disbursement to plan your schedule.

Allows Change of Payment Date

If it’s likely you change the dates you make your monthly repayment during the life of your loan, consider setting for TD Bank personal loan.

Keep in mind, however, that you can only make the change of repayment date once in the life of the loan.

Gives a Wide Range of Loan Amounts

Know that depending on the needs you want to meet, TD Bank personal loan ranges from $2000 to $50,000, giving you the chance to choose just the amount of money you need without more and without less.

Understand however that the interest rate you will pay on the amount of loan you receive has a lot to do with the term of repayment and your credit score.

Where This Product Falls Short

No Discount on Autopay

Don’t use TD Bank personal loan, if you intend to set automatic payment and gain some discount on the consistency of the payment.

Know that while many lenders give incentives of an autopay discount ranging from 0.25%-0.5%, TD Bank does not give a discount on autopay.

No Co-signing or Joint Application

Look for another Bank if you intend to make an application for a loan with another person. TD Bank personal loan is not the best consideration for co-signing and joint application.

Stick with TD Bank personal loan if the amount you need is not what you need another person to apply with you.

How to Qualify for This Product

Contact TD Bank for more details on its personal unsecured loan criteria, as TD Bank’s official website, is silent on the qualifications for loan approval.

Take note that despite the silence, you need to get your basic information like full address and email ready and then pay specific attention to;

Credit History 

Know that although TD Bank is silent about the official minimum credit score to be in the best position for loan approval,  have a 660+ FICO credit score, however, if you want a low-interstate, you need a credit score of about 700+.

How to Apply for This Product

Make sure to include the following in your paperwork when applying for TD Bank personal loan.

  • Personal bank account
  • Recent personal tax returns
  • Address, social security number, SSN, etc.
  • Employment details
  • Residency information
  • Date of birth
  • Full name, home address, telephone

Alternative to This Product

Best Egg

Consider Best Egg if your credit score is less than 600+ FICO but you want a lender with almost the same features as TD Bank.

Know however that if you need a higher amount of money than $35,000 then Best Egg is not for you.


Choose LightStream if you need a larger loan with longer terms and a more fair APR. Access up to $100,000 in personal loan with up to 7 years repayment maximum of 24.49% interest rate.

Customer Reviews

Expect reasonable customer service from Avant as the customer reviews from more than 28,000 customers on TrustPilot shows a 4.6 out of 5, which is an excellent rating for any lender.

Although the 1.15 of 5 ratings on BBB show a poor reputation for Avant, don’t take it as a conclusion of poor customer service.


We reviewed TD Bank Personal loans based on 20 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience, and the application process. We rated TD Bank personal  loans based on the weighting assigned to each category:

  • Loan cost: 35%
  • Loan details: 25%
  • Customer experience: 20%
  • Eligibility and accessibility: 10%
  • Application process: 10%

Within each major category, we also considered several characteristics, including available loan amounts, repayment terms, and applicable fees. We also looked at minimum credit scores and the geographic availability of the lender.

Finally, we evaluated TD Bank personal loans, customer support tools, borrower perks, and features that simplify the borrowing process—like online applications, prequalification options, and mobile apps.

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