TD Bank Personal Loans Review in 2022

The TD Fit Loan is the only personal loan product that TD Bank provides at this time. In the past, the bank provided customers with a number of other personal loan choices.

The TD Fit loan, much like other products offered by TD Bank, is restricted to customers who live in specified East Coast states in the United States. People who are eligible for the loan may like how short the pre-approval procedure is, how little costs they have to pay, and how quickly they get their money.

However, there are alternative institutions that provide cheaper annual percentage rates and higher loan amounts. Additionally, TD Bank does not reveal the minimum credit score necessary for applicants of its personal loan program.


  • Personal loan preapprovals may be completed in as little as 60 seconds with TD Bank. Reviewing loan amounts and conditions does not have an effect on a person’s credit score, thus it is a good idea to do so before submitting a full application.
  • Fees for this loan are kept to a minimum, since there are no prepayment or origination costs.
  • Quicker than most rivals, TD Bank may get your money to you the next business day after you are approved for a loan.


  • To my knowledge, this is not offered in the majority of states. Only loans of 15 states and DC are eligible for a loan.
  • Although some loan providers make their minimum credit credit demand known to potential borrowers, many do not. This data is not shared by TD Bank.

Company Overview

The Bank of Toronto, the forerunner of today’s Toronto-Dominion Bank (TD Bank Group), opened its doors in 1855. The bank’s headquarters remain in Toronto, Canada, although it currently serves over 26 million clients in more than 100 countries.

If you’re looking for a personal loan, mortgage, or wealth management services, TD Bank is one of the top 10 banks in the United States to turn to. Connecticut, New Jersey, Delaware, New York, North Carolina, Florida, Pennsylvania, Maine, Rhode Island, Massachusetts, Vermont, New Hampshire, Virginia, and the District of Columbia are the only states where TD Bank operates.

Loan Options from TD Bank

There is just one individual loan option available from TD Bank, and that’s the TD Bank Fit Loan. The interest rate on a TD Fit Loan is set and the loan is not secured.

TD Bank Fit loans may be used for a wide variety of reasons, including as to fund a much-needed trip, repair or upgrade to your house, or pay off existing debt. You won’t be able to just pay off your debts with the loan money, either. The TD Fit loan also can’t be used for things like tuition or starting a company.

Time to Receive Funds

You may get the money from your TD Bank loan as soon as the next banking day. However, the time it takes for your bank to finalize the loan’s distribution is entirely up to them. The ACH deposit method is used to deposit loan money.

TD Bank Personal Loan Features

Minimal Fees

The personal loan offered by TD Bank has low interest rates and costs. The origination fee on a $20,000 loan may be as high as 6%, costing the loan $1,200. If you pay your loan off early without incurring any fees from TD Bank, you will simply be charged a late payment fee.

Unsecured Loans

TD Bank’s Fit Loan doesn’t need any kind of security from the borrower. Therefore, if you fall behind on your loan payments, you won’t have to worry about losing your property. A borrower’s ability to repay an unsecured loan is determined only by their credit history and financial standing, rather than by the collateral they’re offering as property for the borrowed funds.

Easy to Use Online Form

TD Bank’s online personal loan application process may be completed in as little as 60 seconds, and pre-approval decisions are made instantly. A soft credit check is performed, which does not have an effect on your credit score. Once you have been pre-approved, you may apply completely online. If your loan is accepted, you may have the money the next working day.

Apply for a TD Bank Personal Loan

Here are the measures you must take to apply for a Fit Loan with TD Bank online:

  • To begin the preapproval process, you’ll need to have your Social Security number and some other basic financial data ready. To go to the next step and see your loan possibilities, you will also need to indicate that you have read and agreed to TD Bank’s permission papers and approve a soft draw to your credit.
  • Procedural Verification: Before extending final clearance, the bank may ask for further paperwork. A copy of your government-issued photo identification, as well as paperwork proving your job, income, and bank account details, may be requested.

Upon approval, you may get the money the next working day.

Is TD Bank Capable of Refinancing Your Existing Personal Loan?

At this time, TD Bank does not provide refinancing options for existing personal loans.

Customer Service

The customer support department of TD Bank may be reached through a few different channels. For help during regular business hours, you may contact TD Bank by phone at 1-877-300-4030 or through Facebook Messenger to speak with a customer service specialist. The following are the operating hours of the bank:

Customer Satisfaction is available from 7:00 a.m. to 11:00 p.m. Eastern Time (ET) Monday through Friday, 7:00 a.m. to 7:00 p.m. ET Saturday and Sunday, 9:00 a.m. to 5:00 p.m. ET

Customer opinions of TD Bank are all over the place. The bank has been given a rating of 2.8 stars out of a possible 5 on Additionally, TD Bank has over 1,100 ratings on Trustpilot, however the site has only awarded them 1.3 out of 5 stars overall.

Recent reviews have mentioned having a negative experience with customer support, including having to go through complicated procedures to access accounts and resolve fraud. In addition, customers claim waiting periods of an hour or more to talk to a representative over the phone.

Account Management

The TD Bank provides its clients with an online dashboard that can be used to manage their personal loans. Here, you may examine your payment due date and payment status, make extra payments, or amend your due date. You may reach someone to help you with payment issues by dialing 1-877-300-4080.


There is just one kind of personal loan that TD Bank provides, and that is the TD Fit Loan. The bank has few alternatives for personal loans, but the pre-approval procedure is fast, the rates are set, and there are no origination costs. There isn’t anything else that makes its personal loan stand out.

If you prefer to conduct your banking in person and reside in a state where TD Bank operates, you may want to look into applying for a Fit Loan with the bank. However, you may be able to find more favorable terms for a personal loan elsewhere.