TD Bank Personal Loan: 2025 Review
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Our Take
4.5
TD Bank’s unsecured personal loans have minimal fees and fast funding for good- and excellent-credit borrowers, but they’re offered in a limited number of states.
Pros
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Option to pre-qualify with a soft credit check.
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No origination fee.
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Next-day funding.
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Wide range of loan amounts.
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Hardship assistance for borrowers in need.
Cons
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Available in a limited number of states.
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No rate discount.
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No direct payment to creditors with debt consolidation loans.
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No co-signed, joint or secured loan options.
Lender | Est. APR | Loan amount | Min. credit score | |
|---|---|---|---|---|
 Check Rateson NerdWallet on NerdWallet | 8.99-
35.49% | $5,000-
$100,000 | None | Check Rateson NerdWallet on NerdWallet |
 Check Rateson NerdWallet on NerdWallet | 6.49-
24.89% | $5,000-
$100,000 | 660 | Check Rateson NerdWallet on NerdWallet |
 Check Rateson NerdWallet on NerdWallet | 7.90-
35.99% | $1,000-
$60,000 | 600 | Check Rateson NerdWallet on NerdWallet |
 Check Rateson NerdWallet on NerdWallet | 7.74-
35.99% | $1,000-
$50,000 | 600 | Check Rateson NerdWallet on NerdWallet |
 Check Rateson NerdWallet on NerdWallet | 6.99-
35.99% | $2,000-
$50,000 | 600 | Check Rateson NerdWallet on NerdWallet |
Full Review
TD Bank provides unsecured personal loans to good- or excellent-credit borrowers in 15 states along the East Coast and in Washington, D.C. Like other banks, TD Bank may have lower interest rates on personal loans than online lenders.
The lender can fund loans quickly with a 100% online process. However, it lacks some helpful customer-centric features, like a rate discount or the option to send loan funds directly to creditors for debt consolidation loans.
TD Bank personal loans at a glance
Minimum credit score | None. |
APR | 7.99% - 23.99%. |
Fees | Late fee: $10 or 5% of the payment amount, whichever is less. |
Loan amount | $2,000 to $50,000. |
Repayment terms | 3 to 5 years. |
Time to fund after approval | 1 business day. |
Where TD Bank personal loans stand out
Option to pre-qualify with a soft credit check: Unlike some other banks, TD Bank lets borrowers — including non-customers — pre-qualify for its personal loan. That means they can check their potential rate without hurting their credit score.
No origination fee: TD Bank does not charge an origination fee, which other lenders often deduct from the loan before disbursing funds. This means borrowers receive the full amount of money they’re approved for.
Next-day funding: According to the lender, borrowers who pre-qualify can see their loan options instantly, and approved applicants can receive funds the next business day.
Wide range of loan amounts: TD Bank offers many loan sizes so borrowers can choose the amount that best fits their needs. The lender says existing bank customers may be eligible for larger loan amounts than non-customers.
Hardship assistance for borrowers in need: For borrowers having trouble making payments, TD Bank may set them up with smaller payments on a temporary basis or a loan modification with a lower rate and longer repayment term. Borrowers can also change their payment date once throughout the life of the loan.
Where TD Bank personal loans fall short
Available in a limited number of states: TD Bank only operates in 15 states and Washington, D.C. You won’t be able to get a personal loan with this lender unless you live in the following places: CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA or the nation’s capital.
No rate discount: TD Bank doesn't offer a rate discount on loans. Several other lenders issue discounts, usually a fraction of a percentage point, for things like setting up automatic payments or being an existing customer. This can help borrowers save money on interest.
No direct payment to creditors: TD Bank doesn't send funds directly to creditors for debt consolidation loans, which is a feature offered by some other lenders to streamline the debt payoff process. Instead, the money will be deposited into your bank account, and you’ll have to send it to creditors yourself.
No co-signed, joint or secured loan options: Borrowers can’t add a co-signer or co-borrower to their personal loan application, nor secure the loan with collateral. Other lenders may offer these options to help borrowers qualify for a higher loan amount or lower rate.
How to use TD Bank personal loans
You can use a TD Bank personal loan for:
Debt consolidation.
Credit card consolidation.
Home improvement projects.
Medical/dental expenses.
Emergencies.
Vacations.
Weddings.
Funerals.
Auto/motorcycle/RV/boat financing.
Other large purchases.
TD Bank prohibits the use of its personal loans for:
Higher education/college tuition.
Business expenses.
Gambling.
Illegal activities.
Do you qualify for a TD Bank personal loan?
TD Bank says it typically lends to borrowers with good or excellent credit. You must live in one of the following 15 states, or Washington, D.C., to get a TD Bank personal loan: CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT or VA.
TD Bank’s borrowing requirements
Minimum credit score: None.
Must provide a Social Security number.
Must have a valid U.S. bank account and email address.
» MORE: How to get a personal loan
How we rate TD Bank
NerdWallet writers and editors rate lenders against a rubric that changes each year based on how personal loan products evolve. Here’s how we scored TD Bank this year:
Category | Star rating |
|---|---|
Affordability | |
Customer experience | |
Underwriting and elegibility | |
Loan flexibility | |
Application process | |
Overall |
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