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TD Bank personal unsecured loan review

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Get a personal unsecured loan to borrow the funds you need without collateral.

If you’re looking to borrow a large amount, then TD Bank might have the right product for you. You can borrow as much as $50,000 without having to provide any collateral. But if you don’t live in one of its 16 serviced states, you may be out of luck.


Max. Loan Amount

6.99% to 18.99%



Min. Credit Score


Product NameTD Bank Personal Loans
Min. Loan Amount$2,000
Max. Loan Amount$50,000
APR6.99% to 18.99%
Interest Rate TypeFixed
Min. Credit ScoreVaries
Minimum Loan Term1 year
Maximum Loan Term5 years

What is a TD Bank personal unsecured loan?

TD Bank personal unsecured loans are a convenient option when you need a large lump sum to cover a big expense. Because interest rates are fixed and , it’s easy to budget for your monthly payment. And because they’re unsecured, you won’t need to use your house, car or other assets as collateral to secure your loan.

You can borrow between $2,000 to $50,000. There are no application fees or origination fees, which means your APR will be the same as your interest rate — a feature that will certainly save you money.

You won’t need a checking or savings account with TD Bank to borrow, but you will need to live in one of its 16 serviced states. And if you do have an account, you can choose to set up automatic payments to save 0.25% off your rate.

Compare your other personal loan options

Updated December 7th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
5.95% to 35.99%
Fair to excellent credit
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3.84% to 35.99%
Good to excellent credit
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6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
34% to 155% (Varies by state)
No minimum
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3.99% to 35.99%
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6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
5.99% to 17.88%
A highly-rated lender with competitive rates, high loan amounts and no fees.

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What are the benefits of a TD Bank unsecured personal loan?

  • Easy application. TD Bank has a simple online application that takes only a few minutes to fill out. You may even hear back on your application status as soon as the next business day.
  • No collateral. These loans are unsecured, which means you don’t need to put up an asset as collateral to secure your loan.
  • Autopay discount. If you set up automatic payments from a TD Bank checking or savings account, you may receive a 0.25% rate discount.
  • Minimal fees. There are no application fees, no origination fees and no prepayment penalties. You’ll receive your full loan amount upfront, and you can close out your loan early at no additional cost to you.

What to watch out for

  • Potentially high APR. If you don’t have the best credit, your rate may be as high as 18.99%. And if your credit score is in the lower range, you may not qualify at all.
  • Late fees. Although TD Bank doesn’t have any big fees, it still charges a late fee as high as 5% of your minimum payment.
  • Limited region. TD Bank only serves borrowers who live in one of sixteen states. If you don’t live in one of them, you’ll have to go elsewhere for a loan.

Personal unsecured lines of credit from TD Bank

Personal unsecured lines of credit from TD Bank are available for anyone. There is no origination fee or minimum draw amount, and you only pay an annual fee of $25. Interest is variable and calculated based on the Prime Rate. Your potential APR will range from to 10.00% to 18.00%, and you may be eligible to borrow anywhere from $20,000 to $50,000.* A rate discount of 0.25% may also be available if you’re an eligible account holder.

To apply, you’ll need to have information about yourself, your income, your employment and your monthly expenses ready. Once your application is finished, a lending specialist will contact you as soon as the next business day. If you’re approved, you’ll have access to your line of credit for up to 10 years. You can withdraw as much as you need up to your credit limit, and monthly payments can be as low as $500.

* APR and loan amounts may vary by state

Am I eligible?

TD Bank personal unsecured loans don’t require proof of your income. To be eligible, you must:

  • Have a good to excellent credit score
  • Reside in one of the 16 states that TD Bank services
  • Be at least 18 years old

How do I apply?

To start your online application, visit TD Bank’s website. Navigate to its personal loans section and click Apply now under the unsecured loan option.

  1. Select your loan product and whether it will be used for home improvement.
  2. Search for a closing store where you’ll sign your paperwork and select one near you.
  3. Select how many people will be applying for the loan, whether you want to set up automatic payments, how much you want to borrow, what your funds will be for and if you or your borrowers are a TD Ameritrade employee.
  4. Select the loan term you’d prefer.
  5. Read the e-Sign Disclosure and agree to continue with your loan application.
  6. Enter information about yourself, including your contact details and Social Security number.
  7. Select your employment status and enter information about it.
  8. Enter your monthly mortgage or rent payment and if you’re required to pay alimony or child support.
  9. Read the Authorizations and Disclosures statement and click Review and Print to submit your application.
  10. Review your application then click Submit Application.

Your application will be reviewed by a TD Bank employee. You can check on its status at any time through TD Bank. How to do so will be listed on the final page of your application.
More about TD Bank loans

I got a TD Bank unsecured personal loan. Now what?

Once you have your TD Bank unsecured personal loan, it’s important that you keep up with monthly payments.

  • Set up automatic payments. Avoid late payment fees by setting up automatic withdrawals from a TD Bank or another bank account. You may also save 0.25% on interest with this option.
  • Avoid excessive interest. To avoid excessive interest charges over the life of your loan, consider paying more than the amount required each month. There’s no fee for early repayment.

Bottom line

TS Bank unsecured loans can get you the money you need with low fixed APR, even if you don’t have an account. However, if you live in a state that TD Bank doesn’t service or need a loan for higher education, you might want to compare other loan options.

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  1. Default Gravatar
    March 13, 2019

    Good morning,
    I’m interested in the line of credit or small business loan for my start up. I don’t have collateral but I do have investment account with TD Ameritrade. I’m looking for up to 40,000 to 50,000 start up amount.

    • AvatarStaff
      March 14, 2019

      Hi Marilyn,

      Thank you for reaching out to Finder.

      Please click on this link to be routed to our Finder page on Start up loans. The page offers a comparison table for lenders that assist in start up loans. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. The page also offers valuable information that could be helpful to start up business owners like yourself. Hope this helps!


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