Learn all you need for the application
The TD Bank Personal Loans division is dedicated to providing flexible personal loans to meet a variety of customer needs. Personal loans range from $2,000 to $50,000, offering ample room to address individual financial demands.
With flexible repayment terms spanning 36 to 60 months and competitive interest rates ranging from 8.99% to 23.99% APR, the institution aims to tailor its offerings to each customer’s unique circumstances.
Applying for loans is convenient, whether through the online form on the website or by phone. TD Bank stands out for the speed of the application process, aiming to release funds in just one business day if all conditions are favorable.
However, it’s important to note that these loans are available only to residents of specific states in the U.S.
If you want to learn more about the application process, keep reading.
Who can Apply?
Firstly, TD Bank’s personal loan services are available to customers in the following states: CT, NJ, DE, NY, Washington, D.C., NC, FL, PA, ME, RI, MD, SC, MA, VT, NH, and VA. Therefore, individuals from other U.S. states may not have access to these loans.
Additionally, there are other basic conditions for this type of service:
- Being 18 years of age or older (or up to 21 in applicable states)
- Having valid residence and identity documents in the U.S. territory
- Having a verifiable monthly income
- Having a good credit score
Furthermore, TD Bank does not impose significant additional requirements on potential customers, regardless of whether they have any existing relationship with the bank.
In this regard, customers can apply for the loan without having other accounts on the TD Bank platform.
How is the application process at TD Bank Personal Loans?
To help customers better understand the financial conditions of personal loans, TD Bank provides a comprehensive calculator that offers insights into various possibilities regarding repayment terms and amounts.
For those interested in applying for a TD Fit loan, the website features a ‘Check My Rate’ form, requesting the following information:
- Full Name
- Password for future logins on the platform
complete address
The form also asks for information about the customer’s income.
- Type of income (employee, self-employed, or temporary and permanent benefits)
- Payment frequency (biweekly, weekly, twice monthly, or monthly)
- Annual gross income before all deductions
- Monthly mortgage or rent payments
Additionally, the following details will be required:
- Date of Birth
- Social Security Number
- Loan amount (ranging from $2,000 to $50,000)
- Purpose of the loan (debt consolidation, vehicle purchase, vacation, tax payments, etc.)
During the loan application process, the bank may request the following documents:
- Copy of identification
- Proof of residence
- Income verification documents
According to TD Bank, if the loan is approved before 4:30 pm, the funds can be deposited into the account on the next business day. However, depending on the bank, it may take up to 3 days for the funds to become available.
In addition to the online application process, customers can speak with a TD Fit specialist by phone at 1-877-300-4020 from Monday to Saturday.
Want to look at another option?
TD Bank is not the only banking institution offering personal loans in the United States. U.S. Bank, a significant player in the U.S. financial market, also provides flexible loan plans for various customer needs. You can explore more about the U.S. Bank and its offerings.