TD Bank Personal Loan July 2026 Review

TD Bank personal loan top features

TD Bank offers one personal loan product: the TD Fit Loan, an unsecured fixed-rate installment loan—meaning no collateral required—with a rate fixed for the life of the loan.

Loan amounts: $2,000 to $50,000. The range covers a medical bill or a car repair on the low end, and a large home-improvement project or a debt consolidation on the high end.

Fixed APR: 7.99% to 23.99% (as of June 2026). The rate is set at origination and does not change. TD publishes a representative example: a $10,000 loan over 48 months results in 48 monthly payments of $244.10 to $326.01, with total payments of $11,716.42 to $15,646.23. There is no autopay rate reduction.

Terms: 36 to 60 months. That’s three to five years. If you need terms beyond 60 months, consider other options (Discover and SoFi offer up to 84 months).

Fees: No origination, application, or prepayment fees. TD charges none of these. Across lenders, origination fees range from 0% to 12% of the loan amount. When charged, the fee is deducted from disbursement, so a $10,000 loan with a 5% origination fee lands $9,500 in your account. Florida residents pay a state-mandated Doc Stamp Fee. (That’s a statutory charge, not a lender fee.)

Late fee: TD charges 5% of the minimum payment due or $10, whichever is less.

Funding: As soon as the next business day. Borrowers approved by 4:30 p.m. ET on a weekday may receive funds the following business day. Funding can take up to three business days depending on the receiving bank.

Soft-pull prequalification: Yes. Pre-qualification is a soft credit inquiry. It does not affect your credit score and is not a guarantee of final approval. A hard inquiry occurs only when you submit a full application.

Geographic availability: 15 states plus Washington, D.C. The TD Fit Loan is available in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, and Virginia, plus D.C. Borrowers outside this footprint are not eligible.

Loan purpose restrictions. Funds may not be used for post-secondary educational expenses or business purposes. Common uses include making a large purchase, covering unexpected expenses, and consolidating existing debt.

Where TD Bank can improve

The geographic limit is the most significant constraint. Borrowers in roughly 35 states (including California, Texas, Illinois, and Ohio) are not eligible. For a major U.S. bank with more than 1,100 branches, that’s a large portion of the country locked out.

At up to 23.99% APR, the high end of the range can cost borrowers a lot. On a $20,000 loan over 60 months at 23.99%, you’d pay roughly $575 per month and around $14,500 in interest over the life of the loan. TD does not publish a minimum credit score. Use the soft-pull rate check to see where in the range you’d land.

The 36-to-60-month term window is the narrowest of the three lenders compared here. If you’re borrowing a larger amount and need to keep monthly payments low, a 72- or 84-month option could make a difference—and TD doesn’t offer one.

Qualifying for a TD Bank personal loan

TD Bank does not publish a minimum credit score for the TD Fit Loan.

Lenders evaluate applicants on factors including credit score, credit history, annual income, employment status, and debt-to-income (DTI) ratio. TD does not disclose its full underwriting criteria beyond standard credit and income factors.

Soft pull vs. hard inquiry. Checking your rate through TD’s prequalification tool is a soft inquiry. It does not affect your credit score. Submitting a full application triggers a hard inquiry, which may temporarily lower your score.

Co-signer or joint applicant. TD Bank does not offer co-signer or joint personal loan applications.

How to apply for a TD Bank personal loan

You may apply online at td.com, by phone at 1-877-300-4020 (TD Fit Specialists, Monday through Friday, 8 a.m. to 8 p.m. ET), or at a TD Bank branch.

1. Visit td.com and use the “Check Your Rate” tool. This is a soft inquiry. A soft inquiry doesn’t affect your credit score.
2. Review the rate offer, loan amount, monthly payment, and total payment shown. This is a pre-qualified estimate, not a final approval. Final terms depend on full underwriting and may differ.
3. Submit a full application. TD runs a hard credit inquiry at this step, which may temporarily affect your score.
4. Provide any documents requested. TD’s required document list is not published on its primary page, but lenders typically ask for proof of income, employment verification, and identity documentation.
5. Review and sign the loan agreement.

The online application typically takes less than 15 minutes.

Loan approval and funding from TD Bank

Borrowers approved by 4:30 p.m. ET on a weekday may receive funds as soon as the next business day. Timing can vary. Allow up to three business days depending on your receiving bank’s processing times.

TD does not publish a timeline for its approval decision.

Florida residents should see a state Doc Stamp Fee in their loan documents. That’s a statutory charge, not a discretionary lender fee.

Payment options. Payments can be made by phone at 1-877-300-4080, online at tdfitloan.com, by email at payments@tdfitloan.com, or by mail.

TD Bank: customer service and regulatory context

TD Bank, N.A. is a nationally chartered U.S. bank supervised by the Office of the Comptroller of the Currency. It operates more than 1,100 retail locations along the East Coast.

October 2024. TD Bank pleaded guilty to conspiracy to commit money laundering and agreed to pay approximately $3.09 billion in combined federal penalties—the first time a national bank has pleaded guilty to such a charge. The OCC imposed a $434 billion U.S. asset cap, and TD now operates under a federal monitorship. These actions relate to institutional compliance failures and are not specific to the personal-loan product.

September 2024. The CFPB ordered TD to pay $7.76 million in redress and a $20 million civil penalty for inaccurately furnishing consumer credit data to reporting agencies.

Customer ratings:

These ratings are among the lowest of the lenders Bills.com has reviewed. The regulatory actions and customer ratings together drove the 3.6/5 overall rating.

Contact. 1-877-300-4020, TD Fit Specialists, Monday through Friday, 8 a.m. to 8 p.m. ET. Branch locations available in the 15-state footprint.

When a TD Bank personal loan might be the right choice

You already bank with TD in an eligible state. If you’re an existing TD customer, the application may be faster, because your information should already be on file. Funds land in your TD account quickly. The no-fee structure works best for borrowers who are eligible for the lower end of the APR range.

You want to check your rate without affecting your credit. The soft-pull prequalification lets you see a potential rate before committing to a hard inquiry, which is useful when you’re comparing lenders side by side.

You need $2,000 to $50,000 for a defined, one-time expense. The TD Fit Loan suits a single purchase, a home-improvement project, or a debt consolidation, with a fixed monthly payment that doesn’t change.

You can repay within three to five years. The 36-to-60-month window works well for borrowers who want to retire the debt on a medium-term schedule.

The loan is not a good fit for borrowers outside the 15-state footprint, those who need a co-signer or joint applicant, those who want terms beyond 60 months, or those who prefer lenders with stronger public customer-satisfaction records.

Compare TD Bank to leading personal loan lenders

All three lenders target borrowers with fair to good credit. Discover and SoFi offer nationwide availability, which matters if you’re outside TD’s footprint.

Is TD Bank a legitimate lender?

TD Bank is a legitimate lender—a nationally chartered U.S. bank and a subsidiary of Toronto-Dominion Bank, one of the largest banks in North America. The 2024 guilty plea and federal monitorship are institutional compliance matters, not product issues.