Make your plans happen with TD Bank — quick, trusted, and flexible financing.
A personal loan can be the key to consolidating debt, improving your home, or bringing a new idea to life.
Here’s how you can get started today!
What You Need Before Applying for Your Loan
Before beginning your application, it’s essential to gather all the necessary information and understand the process. This preparation helps ensure a smooth experience and increases your chances of fast approval.
Main Requirements
Minimum age: you must be 18 years or older.
Residency: be a legal resident of the United States.
Bank account: have an active checking account (preferably with TD Bank).
Credit: maintain a satisfactory credit score according to TD Bank’s lending criteria.
Documents Required for the Loan Application
Having all required documents ready makes the process faster and helps avoid delays in credit approval.
- Valid identification — such as a driver’s license, passport, or state ID.
- Social Security Number (SSN) — required for credit verification and identity confirmation.
- Proof of income — recent pay stubs, tax returns, or bank statements.
- Proof of address — recent utility bill or lease agreement in your name.
How to Simulate a Loan at TD Bank
Before applying, you can use the loan calculator available on TD Bank’s official website to estimate your monthly payments and interest rates. This helps you understand what to expect before committing.
Steps to Simulate
- Access the website: go to td.com and select “Personal Loans.”
- Enter your details: input the desired loan amount, term, and your state of residence.
- Check the results: the system will display the estimated APR and your expected monthly payment.
- Adjust the details: modify the amount or term until you find the best fit for your financial situation.
Total Transparency Before Signing the Contract
TD Bank is committed to clear, upfront information, ensuring you understand every cost and condition before signing.
During the simulation, you’ll see the annual percentage rate (APR), applicable fees, and total loan cost in real time.
This transparency helps you make confident and informed financial decisions.
Timeframe to Receive Your Funds
Once your loan is approved, existing TD Bank customers usually receive the funds directly in their account within one business day.
For new customers, processing may take two to five business days, depending on credit and identity verification.
TD Bank combines efficiency with thorough review to deliver fast, secure service.
Track Your Loan Application Online
TD Bank offers a user-friendly digital platform that allows you to monitor your loan status in real time.
Simply log in to your TD Online Banking account or use the TD Bank Mobile App to view each stage — from submission to approval and fund release.
You’ll also receive automatic updates via email or text, keeping you informed every step of the way.
Personal Loan Options for Limited Credit
If your credit score isn’t ideal, TD Bank provides alternative solutions to help you qualify. One option is to apply with a co-borrower who has a strong credit history, improving your approval chances.
Another is to consider a secured personal loan, where you use an asset — such as a savings account or certificate of deposit — as collateral.
These options make borrowing more accessible even with a limited credit profile.
Discounts and Payment Benefits
When you set up automatic payments from a TD Bank checking account, you can receive a 0.25% discount on your interest rate.
The bank also allows early repayment without penalties, helping you save on total interest costs.
These benefits provide flexibility, convenience, and more control over your finances.
In-Person or Online Loan — Which Is Best for You?
Choosing how to apply for your personal loan depends on your preferences and lifestyle — whether you value face-to-face assistance or the convenience of a fully digital experience.
In-person: visit a nearby TD Bank branch, meet with a loan officer, and submit your documents directly. Ideal for those who prefer personalized service.
Online: complete the entire process digitally, from application to approval, through the TD Bank website or app. Perfect for those who value convenience and speed.
Hybrid: start your application online and finalize it at a branch if you prefer in-person guidance.
What to Check Before Signing the Contract
Before finalizing your personal loan, it’s important to carefully review all the details to ensure you fully understand the terms, costs, and responsibilities involved.
- Check the APR — this represents the total annual cost of your loan, including fees.
- Confirm the repayment term — choose a schedule that keeps your payments affordable.
- Review potential fees — make sure there are no penalties for early repayment.
Tips to Improve Your Chances of Approval
Improving your financial profile can make a big difference when applying for a personal loan — small, consistent actions can significantly increase your chances of approval.
- Pay your bills on time — timely payments demonstrate financial responsibility.
- Reduce existing debts — this improves your credit score and strengthens your application.
- Limit credit utilization — keeping your credit card balances low shows strong financial management.
- Avoid too many credit applications — spacing out requests can help protect your score.
Why Choose TD Bank?
TD Bank is one of the most trusted financial institutions in North America, known for its excellent customer service, innovative tools, and competitive rates.
With both in-person and online support, the bank offers flexible solutions tailored to your financial goals.
Its transparency and customer-first approach make borrowing simple, safe, and reliable.
Take the Next Step Toward Your Goals!
Now that you know how to apply for a personal loan at TD Bank, you’re ready to move forward with confidence.
With careful planning and the right information, you can reach your goals while maintaining control of your finances.
The future you envision starts today — and TD Bank can help you make it happen.
