TD Bank Express Loans review October 2018 |
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TD Bank Express Loan review October 2018

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

It’s not always possible to find a bank that offers quick turnaround, but TD Bank has you covered. Its Express Loan program allows you to borrow a small loan for a fraction of the cost of other short-term loans, and you may be able to receive funding in as little as 48 hours.

There’s always downsides, though. You may be able to find more competitive rates elsewhere, and if you don’t live in one of TD Bank’s serviced states, you won’t be able to apply.

What is a TD Express Loan?

TD Express Loans are small personal loans from $2,000 and $15,000 with loan terms ranging from one to five years. TD Bank also has competitive APRs starting as low as 8.99% for borrowers with good to excellent credit. Your loan may be financed in as little as 48 hours, and interest will be fixed for the life of your loan. That means no guessing on payments each month, making it that much easier to budget for.

Other types of loans available from TD Bank

  • Unsecured loans. While not as fast, you can take out a term loan between $2,000 to $50,000. TD Bank charges interest between 8.99% to 15.99%.
  • Unsecured lines of credit. If you need flexibility with your funds, you can apply for a line of credit between $20,000 and $50,000. APR ranges from 10% to 15% and includes the $25 annual fee.

Compare your other personal loan options

Rates last updated October 24th, 2018

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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
4.99%–36% (fixed)
Upgrade Personal Loans*
Affordable loans with two simple repayment terms and no prepayment penalties.
6.99% to 35.97% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
3.09%–35.99% (fixed)
Marcus by Goldman Sachs Personal Loans
Consolidate your debt or pay off large expenses with competitive rates and no fees.
Good to excellent credit
6.99% to 24.99% (fixed)
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
4.99%–35.99% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
6.16% to 35.89% (fixed)
Conveniently check your loan options without affecting your credit score.
9.95%–35.99% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
6.99% to 14.87% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
16.05%–35.99%* (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
34%–155% (Varies by state) (fixed)
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
Bad credit OK
5.99%–35.99% (fixed)

Compare up to 4 providers

What are the benefits of a TD Express Loan

  • Quick funding. You can apply online and finish the application process within a couple business days.
  • No income requirement. TD Bank relies on your credit history when processing your application, but you may still have to show proof of income when you apply.
  • Autopay discount. You can save 0.25% on your interest rate if you set up autopay from a TD Bank account.
  • No prepayment penalty. TD Bank doesn’t charge a prepayment penalty if you choose to pay your loan off early.

What to watch out for

  • Potentially high APRs. Your rate could be higher if you have a lower credit score. But it may still be less than some other personal loan options.
  • Good to excellent credit required. You’ll need good to excellent credit in order to qualify for a loan.
  • Not available in all states. You’ll need to live in one of the 15 eligible states or Washington, DC if you want to apply.

Am I eligible for a TD Express Loan?

While TD Express Loans don’t require a specific income, you’ll still need to meet three basic eligibility criteria in order to qualify.

  • Have good to excellent credit
  • Be at least 18 years old
  • Be a resident of a serviced state

Where are TD Express Loans available?

TD Bank offers its loan products in the following states:

  • Connecticut
  • Delaware
  • Florida
  • Maine
  • Maryland
  • Massachusetts
  • North Carolina
  • New Hampshire
  • New Jersey
  • New York
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Virginia
  • Vermont
  • Washington, DC

How do I apply?

When you’re ready to apply for a TD Express Loan, visit the TD Bank loans page and click Apply now. You’ll need to be ready to enter your Social Security number, expenses, employment and income in addition to your personal information.

  1. Select Personal Unsecured Loan from the drop down menu.
  2. Select the branch you want to close your loan with.
  3. Enter how many people are applying for the loan, if you want to set up automatic deductions, how much you want to borrow, the loan purpose and if you are a TD Bank or TD Ameritrade employee.
  4. Select the term you want to apply for and click Continue.
  5. Read over the e-Sign Disclosure and Patriot Act information.
  6. Enter information about yourself or the first borrower.
  7. Enter information about your employment and income.
  8. Enter the combined expenses of each applicant.
  9. Submit your application by review the disclosure sheet and selection Review and Print.
  10. Read over your application and submit. A TD Bank lending specialist will contact you within one business day to finalize your application.

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. TD Bank charges a late fee of either 5% of the minimum payment due or $10, whichever is lesser.

You may also want to set up automatic payments to avoid the chance of paying a late fee, and if you want to save on interest, consider paying more than the minimum each month.

Bottom line

TD Express Loans can get you money in as little as 48 hours. With low interest rates and long terms, it might be a solution if you need to borrow money quickly to cover an unexpected expense. However, if you live in a state that TD Bank doesn’t service or don’t have good to excellent credit, you might want to compare other loan options before making your final decision.

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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,

US Personal Loans Offers

Important Information*
Even Financial Personal Loans

Get connected to competitive loan offers instantly from top online consumer lenders.

Prosper Personal Loans

Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

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

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