Personal Loans | TD Bank – How to Apply for an Unsecured Loan

TD Bank provides a number of personal loans in their roster, including an unsecured personal loan. What makes this financial offering an attractive one is that it allows borrowers to obtain their funds upfront without being required to put up assets as collateral. 

Unlike traditional personal loans, an unsecured personal loan provides individuals with access to amounts they need all at once. Plus, TD Bank lending extends a high borrowing limit to interested applicants, allowing you to buy or fund what you need. 

ADVERTISEMENT

If you are thinking about getting a TD Bank personal loan, you might want to give their unsecured lending option a try. To know more about this financial product and how you can apply, read on. This guide will give you all the details you need to know and more. 

TD Bank Unsecured Personal Loan – Features and Benefits

One of the main highlights of a TD Bank unsecured personal loan is, of course, no other than its a no-collateral approach to lending. With this bank offering, you no longer have to leverage your home or other prized assets to borrow money. 

In addition to this feature, the bank is also dedicated to providing borrowers with access to high borrowing amounts ranging from $2,000 to $50,000. With this product, the bank allows customers to get instant access to funds via lump sum, which is then paid back in monthly installments. 

ADVERTISEMENT

Moreover, compared to other traditional unsecured loans on the market, TD Bank’s financial product comes with low fixed rates with no annual fees. Unlike other unsecured loans who tend to command a higher interest rate, this TD Bank lending offering is designed to give borrowers 0.25% discounted rates.

Bear in mind that discounted interest rates are only applicable for those who sign up for automatic payments from their TD Bank checking or savings account. Besides the low interest rates, there are also no origination or application fees. 

Applying for a TD Bank Personal Loan

Applicants interested in applying for an unsecured personal loan may do so via the bank’s online application form on their website. You may also apply in person by visiting a TD Bank branch near you or by talking to a lending specialist by phone

ADVERTISEMENT

To apply, you will need to provide your basic personal information such as your name, address, email address, and contact number. Your Social Security number, as well as you’re your expenses like mortgage payments and rent, should also be given to the bank. 

In addition, you are also required to disclose your employment history, income, bonuses, as well as overtime pay and other sources of income. 

Completing the online application will only take around 15 minutes of your time. After submitting the application, a lending specialist will reach out to you within one business day. Your approved loan amount and your APR will depend on your creditworthiness and or geographic location. 

TD Bank Lending Fees and Charges

The low fixed APR ranges from 6.99% to 18.99% with a discounted rate of 0.25% for those who set up an automatic payment deduction from a TD Bank personal checking or savings account. Loan terms are available anywhere from 12 to 60 months

There are no application or origination fees. There is, however, a late fee of 5%. 

How to Contact

For more information, feel free to get in touch with the bank at 888-751-9000. You may also pay them a visit at their headquarters located at 1701 Route 70 East, Cherry Hill, New Jersey 08034. 

The Bottom Line

Applying for an unsecured personal loan from TD Bank is a worthwhile option if you want to obtain funding in a fast and hassle-free manner. With its low interest rates and borrowing amount up to $50,000, this financial product is best for individuals who are making big life changes. 

Note: There are risks involved when applying for and using a loan. Consult the bank’s Terms and Conditions page for more information.