Guide to TD Bank Personal Loans: Interest Rates, Requirements, and Application Process
Are you in need of a personal loan to pay for a large purchase or to consolidate debt? TD Bank offers personal loans with competitive interest rates and flexible payment terms to fit your financial needs. In this guide, we will take a closer look at TD Bank personal loans, including interest rates, requirements, and the application process.
Interest Rates
TD Bank offers fixed-rate personal loans with interest rates ranging from 6.99% to 18.99% APR. Your interest rate will depend on factors such as your credit score, income, and the amount of the loan. It’s important to note that TD Bank offers a 0.25% rate discount if you set up automatic payments from a TD Bank personal checking account.
Requirements
To apply for a TD Bank personal loan, you must be a U.S. citizen or permanent resident with a valid Social Security number. You must also be at least 18 years old and have a minimum credit score of 680. TD Bank will also consider your debt-to-income ratio and employment history when evaluating your application.
Application Process
The application process for a TD Bank personal loan is quick and easy. You can apply online, over the phone, or in person at a local branch. To apply, you will need to provide personal information, such as your name, address, and Social Security number. You will also need to provide employment and income information, such as your employer’s name and your annual income.
Once you have submitted your application, TD Bank will review your information and notify you within a few business days if you have been approved. If approved, you will receive your funds within two business days.
Conclusion
TD Bank personal loans are a great option for those in need of a personal loan. With competitive interest rates, flexible payment terms, and a quick and easy application process, TD Bank makes it easy to get the funds you need. Remember to review your credit score and debt-to-income ratio before applying and consider setting up automatic payments to receive a rate discount.
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