TD Bank Review

Is this the loan company for you?

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  • Interest rate discount for ACH
  • No fees for personal loans


  • Loans not available in all states
  • Must sign paperwork at a branch

What You Need to Know

TD Bank offers an interest rate discount for making payments with automatic withdrawals. These payments must come from a TD Bank checking or savings account. If you meet the requirements, you will receive a discount of 0.25 percent. The express loan also offers an interest rate discount.

There are no fees for TD Bank loans. There is not an application fee or origination fee. TD Bank does not charge an annual fee for personal loans. There is a late payment fee of either five percent of the amount you owe or $10, whichever is less.

Unsecured personal loans from TD Bank are not offered in all states across the United States. You must live in one of the following areas to apply for a loan:

To complete the TD Bank loan application, you must visit a branch location. You can apply for the loan online. After approval, you must sign the final papers in person at a branch location. They have over 1,200 branch locations across the East Coast.

Qualifications to Apply for TD Bank Loans

Useful Information About TD Bank Loans

Additional Relevant Information

TD Bank offers a TD Express loan. This is a personal unsecured loan. The funds from the TD Express loan could be available within 48-hours after loan approval.

History and Achievements

TD Bank first opened in Portland, Maine, in 1852 as Portland Savings Bank. Over the years, the bank was bought and acquired by other banks. In 1983, the bank became Peoples Heritage Bank. In 2004, TD Bank Group of Toronto, Canada, purchased the bank. In 2008, the company officially became TD Bank.

Today, TD Bank has over 1,200 branch locations along the East Coast, as well as in Canada. They have more than 27,000 employees, with over 9 million customers. Their assets total over $300 billion.

Frequently Asked Questions

Can I apply for a loan entirely online?

No. You can apply online, but to sign the closing documents, you must visit a branch location. You can start the application over the phone or apply at a branch location.

What is the lowest my credit score can be?

To apply, your credit score must be 660 or higher.

What is the smallest loan amount available?

The smallest TD Bank personal loan amount is $2,000.

What is the largest loan amount available?

The largest TD Bank loan amount is $50,000. The express loan only offers loan amounts up to $25,000.

What are the loan term lengths?

The loan term lengths range from 12-months to 60-months.

Are the interest rates competitive?

Yes. TD Bank offers rates competitive with other online lending companies. The interest rate you receive depends on your qualifications.

Are the interest rates fixed?

Yes. TD Bank's unsecured personal loans offer fixed interest rates. The rate you receive when you open the loan is the rate you receive for the life of the loan.

What types of loans are available?

TD Bank offers personal loans, lines of credit, and mortgages. You can use personal unsecured loans for debt consolidation and home improvements. Other uses include large purchases like furniture, vacations, and weddings.

What information do I need to apply for a loan?

TD Bank requires personal information including, full name, address, birthday, and phone. You will need to verify your SSN, email, and bank account information. You must verify your expenses, mortgage, and employment.

How long does approval take?

If you apply online, a TD Bank associate should contact you on the next business day.

How long will it take the money to enter my account after approval?

If you apply for the express loan, the money can be in your account within 48-hours.

If I have been denied a loan before, how long do I have to wait to apply again?

There is not a set amount of time you must wait before applying again. You can reapply with a cosigner to increase your chance of approval.

What are the payment options to repay my loan?

You can make payments through automatic withdrawals, checks, online, or over the phone. You can make payments by visiting a branch location. If you sign up for automatic withdrawals, you receive the interest rate discount of 0.25 percent. The automatic withdrawal must come from a TD Bank checking or savings account. You cannot make payments over the phone or online if you are behind on your payments.

Can I pay my loan off early?

Yes. There are no fees for paying your loan off early.

Is my information secure?

TD Bank protects customer's information. Their security measures comply with federal laws. Their computers have safeguards. Their files and buildings are secure.

Does this loan company offer a mobile app?

Yes. TD Bank offers a mobile app.

How do I contact customer service?

Through phone, email, mail, or by visiting a local branch location. The TD Bank website makes it easy to find a branch location near you. You can follow TD Bank on Facebook, Instagram, LinkedIn, Pinterest, Twitter, and YouTube.

Bank Contact Information

TD Bank
32 Chestnut Street
Lewiston, ME 04240