Business Insider's personal finance team compared TD Bank personal loans to the best personal loans available and found it to be a standard offering. TD Bank's personal loans offer fast funding with no fees and competitive interest rates, making it a solid choice for borrowers who live in one of the states it services.
To help you decide if TD Bank's personal loans are the best choice for you, we broke down its rates, terms, key benefits, and drawbacks.
TD Bank Personal Loan Pros & Cons
TD Bank Personal Loan Pros
- Fast funding. You can receive your money in as little as one business day if approved by 4:30 p.m. ET Monday through Friday. Depending on how quickly your bank processes the deposit, it may take up to three days. It may also take a little longer if the bank requests verification documents.
- No origination fees or prepayment penalties. TD Bank won't charge you for paying off your loan early or make you pay an origination fee for processing the loan.
- Competitive rates. TD Bank's rates are in line with those of many of the top lenders on our list of best online personal loans. Keep in mind that you'll need good credit to qualify for the best rates.
- Wide range of loan amounts. The lender offers loans from $2,000 to $50,000.
- 24/7 customer service. TD Bank's customer support line is available by phone 24 hours a day, seven days a week. Call 1-888-751-9000.
TD Bank Personal Loan Cons
- Only available to borrowers in certain states. TD Bank lends to residents of 15 states along the East Coast and Washington, DC. These include Connecticut, New Jersey, Delaware, New York, North Carolina, Florida, Pennsylvania, Maine, Rhode Island, Maryland, South Carolina, Massachusetts, Vermont, New Hampshire, and Virginia. If you live in a different region of the U.S., you won't be eligible for a loan.
- Late fee. TD Bank levies a late fee of 5% of the minimum payment due or $10, whichever is less when you fail to make timely repayments. While this isn't a hefty fee compared to other competitors, it could still be a costly problem if you pay late.
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8.99% to 23.99%
$2,000 to $50,000
Pros
Cons
- Loan amounts range from $2,000 to $50,000
- The late fee is 5% of the minimum payment due or $10, whichever is less
- Term lengths are between 36 to 60 months
Compare TD Bank Personal Loans
8.74% to 35.49% fixed (with all discounts)
$5,000 to $100,000
680
Pros
Cons
SoFi is a strong personal loan lender for those with high credit scores — you'll get perks like no fees required. The best personal loan for you depends on your credit score, which will determine what you qualify for and can lower your rate.
SoFi- Loan amounts range from $5,000 to $100,000
- Loan term lengths range from 2 to 7 years
- Usually receive your money in a few business days after your application is approved
- Loans are made by SoFi Lending Corp.
6.49% to 25.29% (with AutoPay discount, rates vary by loan purpose)
$5,000 to $100,000
660
Pros
Cons
LightStream offers some of the lowest rates on personal loans out there, provided you have a great credit score. The lender also has loans of up to $100,000 and can supply you with funding on the same day you apply and are approved.
LightStream Personal Loan- Loan amounts range from $5,000 to $100,000
- Loan term lengths range from 2 to 12 years
- Apply online and you'll receive a response shortly during business hours.
- Receive your funds as soon as the same day
- Loans are made by Truist Bank, member FDIC
9.99% to 35.99%
$1,000 to $50,000
580
Pros
Cons
Upgrade is a solid lender if you can qualify for its lowest interest rate. But if your credit isn't in great shape, you may be able to find a better deal elsewhere.
Upgrade Personal Loan- Loan amounts range from $1,000 to $50,000
- Loan term lengths range between 2 to 7 years
- You can get your money within one business day after your loan is reviewed and approved
- Loans made by Upgrade's lending partners
TD Bank Personal Loan Overview
TD Bank is the 10th largest bank in the U.S. and has over 372 billion in assets. TD Bank personal loans, also known as TD Bank Fit Loans, are good for borrowers who need quick funding, live on the East Coast, and have strong enough credit to qualify for a top rate. TD Fit Loans are currently only available in Washington, D.C., and the following states:
- Connecticut
- New Jersey
- Delaware
- New York
- North Carolina
- Florida
- Pennsylvania
- Maine
- Rhode Island
- Maryland
- South Carolina
- Massachusetts
- Vermont
- New Hampshire
- Virginia
The bank has TD Fit Specialists available over the phone seven days a week, making it a great option for borrowers who place a high value on service. However, if you don't have good credit or aren't a resident of the states TD Bank operates in, you won't be able to get a loan.
TD Bank Personal Loan Features and Benefits
TD Fit Loans are appealing for several reasons and can be used for major life events and expenses, such as debt consolidation, home renovations, weddings, vacations, medical bills, vehicle repairs, and more.
Key Features of a TD Bank Fit Loan
- Loan amounts from $2,000 to $50,000
- Repayment term lengths between three to five years
- Fixed interest rates ranging from 8.99% to 23.99%
- Funds may be available as soon as the next business day
- No application fees, origination fees, or prepayment penalties
How to Apply for TD Bank Personal Loans
TD Bank Personal Loan Requirements
To qualify for a TD Bank personal loan, you must:
- Be 18 years or older.
- Live in Connecticut, New Jersey, Delaware, New York, North Carolina, Florida, Pennsylvania, Maine, Rhode Island, Maryland, South Carolina, Massachusetts, Vermont, New Hampshire, Virginia, or Washington, DC.
- Have a valid Social Security number or Individual Tax Identification number.
- Be able to show employment history or prove income.
Application Process
Here's a step-by-step guide on how to apply for a TD Bank personal loan.
- Gather your required information and documents. You'll need your Social Security number, proof of employment history and income, and details about your expenses, such as mortgage or rent payments.
- Apply on TD Bank's website or in person at one of the bank's branches. You'll need to put in the required information and share copies of your documents. Online will typically be your fastest option for completing the loan process.
- Review your loan options. TD Bank offers loan prequalification, meaning you'll see your rates with no impact on your credit score. You'll be presented with personalized loan options as soon as one minute after you apply online.
- Choose your preferred option and sign your loan agreement. If approved by 4:30 p.m. ET Monday through Friday, you may receive your money in as little as one business day.
TD Bank Personal Loan Interest Rates and Fees
Interest Rates and Fees
TD Bank personal loans have an interest rate or APR range of 8.99% to 23.99%. The bank doesn't charge origination fees, application fees, or prepayment penalties, but you will pay a late fee of 5% of the minimum payment due or $10, whichever is less, if you fall behind on your payments.
Loan Amounts and Terms
TD Bank Fit Loan offers unsecured personal loans, which don't have to be backed by collateral. TD Bank Fit Loans, as the company calls its personal loans, range from $2,000 to $50,000, making the lender a great option if you need a little bit of cash to tide you over or a significant amount to cover a large expense.
TD Bank's term lengths are between 36 to 60 months. A shorter term means higher monthly payments — but you'll save more in overall interest.
TD Bank Personal Loan Customer Experience
TD Bank's mobile app is well-liked, earning a 4.8-star rating out of five on the Apple App Store and a 4.0-star rating out of five on the Google Play Store. Many customers praise the bank's helpful customer service staff and enhanced security settings.
Among the negative reviews, customers claim that the bank's mobile app frequently glitches, leaving them unable to access their accounts. It's worth noting that TD Bank does respond to most of the negative reviews. Not every company does this, and it suggests TD Bank takes these concerns seriously.
Is TD Bank Trustworthy?
TD Bank has a D+ rating from the Better Business Bureau, and its accreditation has been revoked. It also only has a 1.16-star rating out of five from customer reviews on the nonprofit's website.
On September 11, 2024, the Consumer Financial Protection Bureau ordered the bank to pay $7.76 million to thousands of its customers as reparation for providing inaccurate, negative information to consumer reporting companies for several years, affecting customers' ability to access credit. The bank knew of these systemic errors and failed to conduct timely investigations, the CFPB report continues. TD Bank was also told to pay a $20 million civil money penalty.
If these issues give you pause, you may want to consider looking for another lender with a higher BBB score and more favorable customer reviews.
TD Bank Personal Loan Alternatives
TD Bank Fit Loan vs. Wells Fargo Personal Loan
You can only get a TD Bank personal loan if you live in one of 15 states or Washington, D.C., while Wells Fargo personal loans are available to borrowers across the U.S. Neither bank charges origination fees or prepayment penalties, but both can levy late fees. If there is a missed payment, TD Bank demands a late fee of 5% of the minimum payment due or $10, whichever is less. Wells Fargo may charge up to $39 for late payment.
Wells Fargo has a wider range of interest rates, meaning those with good credit may get a better deal than at TD Bank, but those with poor credit may fare worse. APRs at Wells Fargo go from 6.99% to 24.49% (with relationship discount). At TD Bank, the range goes from 8.99% to 23.99%.
Wells Fargo also offers more variety when it comes to loan amounts and terms, allowing people to borrow anywhere from $3,000 to $100,000 and repay it within 12 to 84 months. With TD Bank, borrowers can get a loan for $2,000 to $50,000 and must repay it within 36 to 60 months.
Wells Fargo Personal Loan review
TD Bank Fit Loan vs. SoFi® Personal Loan
While the SoFi® Personal Loan is available to borrowers across the U.S., TD Bank only serves residents of 15 states and Washington, DC. SoFi® is also the better option for borrowers looking for larger loans.
With TD Bank, you can borrow $2,000 to $50,000, while SoFi offers loans from $5,000 to $100,000. Those in need of a small sum would do better with TD Bank, though, as it permits loan amounts as low as $2,000. SoFi's smallest loan is $5,000. SoFi's loans come with terms between two and seven years, whereas TD Bank loans must be repaid within 36 to 60 months.
Like TD Bank, SoFi charges no origination fees or prepayment fees, but it also has no late fees. TD Bank's late fee equals a late fee of 5% of the minimum payment due or $10, whichever is less.
Why You Should Trust Us: How We Rated TD Bank Personal Loans
We review and rate personal loan products based on a 1 to 5 scale that takes into account seven different factors. Here are the categories considered:
- Interest rate (20% of rating)
- Fees (20% of rating)
- Term lengths and loan amounts (15% of rating)
- Funding speed (15% of rating)
- Borrower accessibility (15% of rating)
- Customer support (7.5% of rating)
- Ethics (7.5% of rating)
Interest rates and fees are weighed most heavily, each accounting for 20% of a loan's score, because they have the biggest impact on the overall cost of the loan. Term lengths and loan amounts, funding speed, and borrower accessibility each make up 15% of the score. Finally, customer support and ethics amount to the smallest share of a loan's score, 7.5% each, since, while important, they do not directly affect loan conditions or costs.
Read our full ratings methodology for personal loans for more details.
TD Bank Personal Loan FAQs
What is the minimum credit score needed for a TD Bank personal loan?
TD Bank doesn't disclose its minimum credit score requirements on its website. However, you can typically expect a minimum credit score of around 670, though this can vary based on other factors like income and credit history.
How long does it take to get approved for a TD Bank personal loan?
The approval process for a TD Bank personal loan can take anywhere from a few hours to a few business days, depending on how quickly you submit the required documentation.
What are the interest rates for TD Bank personal loans?
Interest rates for TD Bank personal loans vary based on creditworthiness, loan amount, and terms, but generally range from 8.99% to 23.99%.
Is it hard to get a loan from TD Bank?
It's likely that you'll need a good credit score of around 670 for approval, which can make getting a TD Bank Fit Loan challenging for many borrowers.
What is a TD Fit loan?
A TD Fit Loan is an unsecured personal installment loan offered by TD Bank. TD Bank Fit Loans don't require collateral and come with fixed interest rates.
Fixed rates from 8.74% to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 08/08/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000— $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your "Loan"), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi's reasonable procedures and requirements to be determined at SoFi's sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2024 was around $33K. Information current as of 11/03/25. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
