TD Bank Personal loan and Line of Credit: Requirements and application process review

Last Updated on December 9, 2021 by admin

Canada’s international Toronto-Dominion Bank{ TD bank Personal Loans} gives the borrower the credit they need, with fixed monthly loan payments . As the top largest banks in the United States and Canada, the bank offers secured and unsecured personal loans and lines of credit to cover large and small expenses with amounts ranging from $2,000 to $50,000.

The loan interest rate options can be decided by the borrower if to opt in for a fixed or variable interest. You can borrow up to $50,000 as the amount of credit you need for renovations, unexpected expenses, investments, and more. by choosing a payment schedule that works with your budget so you can repay your loan without stress.

TD bank APR is 6.99%-21.99% and it doesn’t have origination or application fees during the loan application process. The loan tenor ranges from 36 months to 60 months

Read: How to Enroll/Register for TD bank Online and mobile banking and transfer money

Types of TD bank Personal Loans

TD bank offers the following personal loan as stated below.

Personal Unsecured Loans

1. TD Express personal loan.
2. Unsecured personal loan.
3. Unsecured line of credit.
4. Secured personal loan
5. Auto Loans
6. RSP Loans

What you need to apply for TD Bank personal loan

To apply for TD bank personal loan , borrower need to provide their basic personal information such as:

1. Social Security number
2. Expenses, including mortgage payments,
rent, etc.
3. Employment history and income, including bonuses, overtime and income from
other sources
4. TD Bank will review this information along with your credit history and score. After submitting the form, you will receive a call from a lending specialist within one business day.

Also read: United states Banks Mobile Check Deposit Limits

Type of TD bank interest rate

1. Fixed Rate: your rate and payment stay the same each month as result TD Prime Rate will not affect your rate.

2. Variable Rate: your rate changes whenever the TD Prime Rate changes,

How to apply For TD bank personal Loan

Interested borrower can apply for TD bank personal loan via online, by phone or by visiting one of its business office to Borrow the amount you need all at once with funds available as soon as one business day


TD Bank Personal Line of Credit

The TD bank Personal Line of Credit is a smart borrowing option to finance everyday purchases as well as larger purchases. You can Borrow from $5,000 to $50,000

Your Line of Credit may have a lower interest rate than credit cards. If you are carrying debt, you could be saving money on interest by using your Line of Credit to pay off that debt

You can access your line of credit from your TD  Access Card, EasyWeb Online banking, at the ATM, on the TD Mobile App and through check

TD bank   Personal Line of Credit has Competitive Variable Rate and Fixed Rate Advantage Option based on TD Prime Rate

Read: Bank of America online banking and Mobile app: How to register, deposit check, transfer money and check statement of account

You can send money from your Line of Credit within Canada and the United States  to a person or a business with an email address, or a valid Canadian mobile number – and an eligible bank account with a participating Canadian financial institution.

Type of TD bank Lines of Credit

  1. TD bank Home Equity Lines of Credit

TB bank home equity line of credit (HELOC) allows you to access up to 80% of the value of your home as collateral.

2. TD bank Unsecured Lines of Credit

3. TD bank Student Lines of Credit

Student Lines of Credit can help you pay for tuition, books and living expenses.

4.  TD bank Investment Secured Line of Credit

This allow you use your investments as collateral to borrow, instead of liquidating the investments for access to funds, at a lower interest rate than an unsecured line of credit

How to apply for your TD Bank  line of credit

You can apply for TD bank  line of credit online by  submitting an online application……. Book an appointment meeting with a banking specialist in person at a branch that is most convenient for you…… Or by Phone call