TD Bank Express Loans review August 2018 | finder.com
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TD Bank Express Loan review August 2018

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Easily apply for a fixed rate loan and receive funds in as little as 48 hours.

Getting fast funding from a bank isn’t always possible. TD Bank is an exception: Through its express loan program you can get small amounts of funds in as little as 48 hours.

It’s not the fastest or least expensive option out there, however. Online lenders tend to offer more competitive rates and some even have same-day funding. However, if you’re more comfortable applying through a bank, this could be the right choice for you.

What is a TD Express Loan?

A TD Express Loan is a small dollar loan from $2,000 and $15,000. You can take between one and five years to pay it off at APRs starting at 8.99%, depending on your creditworthiness. It TD Bank’s quickest personal financing option, getting you financing in as little as 48 hours.

Product nameTD Bank Express loan
Minimum loan amount$2,000
Maximum loan amount$15,000
APRAs low as 8.99%
Minimum term12 months
Maximum term60 months
Late fee5% of the minimum payment due or $10, whichever is less
Rate typeFixed
Minimum credit scoreGood to excellent credit
Application fee$0
States availableConnecticut, Delaware, Florida, Maine, Maryland, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, Vermont, Washington, DC.

Other types of loans available at TD Bank

  • Unsecured loans. While not as fast, you can take out a term loan between $2,000 and $50,000 with this option with rates ranging from 8.99% to 15.99% APR. It can take longer to get approved, however
  • Unsecured lines of credit. Get access to a credit limit between $20,000 and $50,000 with rates ranging from 10% to 15% APR — including a $25 annual fee.

Compare your other personal loan options

Rates last updated August 19th, 2018

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Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR
Credible Personal Loans
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
Good to excellent credit
$50,000
4.99%–36% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
6.16%–35.89% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
680
$100,000
7.075%–15.365% (fixed)
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
4.99%–35.99% (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34%–155% (Varies by state) (fixed)
Best Egg Personal Loans
A prime lender with multiple repayment methods.
640 FICO®
$35,000
5.99%–29.99% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
580
$100,000
3.09%–35.99% (fixed)
FreedomPlus Personal Loans
Consolidate debt and more with these low-interest loans. Cosigners welcome.
640
$35,000
4.99%–29.99% (fixed)
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
Bad credit accepted
$5,000
99%–199% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
Varies
$30,000
16.05%–35.99%* (fixed)

Compare up to 4 providers

What are the benefits of a TD Express Loan

  • Quick funding. Easily apply online and get money in as little as two days.
  • No income requirement. TD Bank relies on your credit history when processing your application.
  • Autopay discount. Save 0.25% on your rate for setting up autopay from a TD Bank account.
  • No prepayment penalty. Pay your loan off early at no additional cost.

What to watch out for

  • Potentially high APRs. Your rate could be higher if you have a lower credit score.
  • Late fees. Pay as much as 5% of the minimum payment due.
  • Limited use. Funds can’t be used for higher education expenses.
  • Not available in all states. You’ll need to live in one of the 15 eligible states or Washington, DC to qualify.

Am I eligible for a TD Express Loan?

TD Express Loans don’t require proof of income. To be eligible, you must:

  • Be at least 18 years old.
  • Have a good to excellent credit score.
  • Provide proof of citizenship or residency in one of 16 states TD Bank services.

What do I need to apply?

To apply for an Express Loan, you’ll need to provide:

  • Your personal information. Including your name, address, phone number, Social Security number and date of birth.
  • Your employment history. Including your income, bonuses, overtime and any other income.
  • Your financial details. Including your bank account information for autopay.

To start your online application, visit TD Bank’s website.

I got a TD Express Loan. Now what?

Once you’ve received a TD Express loan, it’s important that you keep up with monthly payments.

  • Setting up automatic payments. Avoid late payment fees by setting up automatic withdrawals from a TD Bank or another account.
  • Avoiding excessive interest. To lower the interest you’ll pay over the life of your auto loan, consider paying more than the amount required each month.

Bottom line

TD Express Loans can get you money in as little as 48 hours. If you live in a state that TD Bank doesn’t service or need a loan for higher education purposes, you might want to compare other loan options.

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2 Responses

  1. Default Gravatar
    ElaineJanuary 12, 2018

    What do I have to do to get a loan to pay for my bill and how much will have to pay back a month I get 750 a month and I need a 500 dollars loan

    • finder Customer Care
      JoanneJanuary 13, 2018Staff

      Hi Elaine,

      Thanks for reaching out.

      For you to get a loan with TD bank, you need to check on the eligibility requirements listed on this page to ensure that you are qualified.

      You will also need to provide these pieces of information to apply for an express loan:
      1. Your personal information. Including your name, address, phone number, Social Security number and date of birth.
      2. Your employment history. Including your income, bonuses, overtime and any other income.
      3. Your financial details. Including your bank account information for autopay.

      The minimum loan amount with TD Bank is $2000. Alternatively, you may want to check this page should wish to look for more options on where to avail of a $500 loan.

      Hope this helps,
      Joanne

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Even Financial Personal Loans

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Prosper Personal Loans

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No fees. Multiple member perks such as community events and career coaching.

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