Grace Enfield, Content Writer
@grace_enfield
Yes, TD Bank will verify your income when you apply for a personal loan. If you do not have any income, you can apply for a TD Bank personal loan with a co-signer, and TD Bank will verify that person's income instead.
TD Bank may verify income by requesting financial information like pay stubs, bank statements, or W-2 forms. In other cases, they'll just use credit report information. Either way, you will also have to meet other TD Bank requirements to be considered for loan approval.
TD Bank Personal Loan Requirements
- Be at least 18 years old
- Be a US citizen or permanent resident
- Have a Social Security number
- Have a credit score of 750 if you don't have a bank account with them (660 if you do have one opened for at least 30 days prior to your application)
- Have to be in one of the 15 states or DC that TD is in to apply
You have a good chance of getting approved for a loan from TD Bank if you meet all of these requirements.
If you want a better idea of what other personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool.
People also ask
Does a TD Bank personal loan affect your credit score?
Yes, a TD Bank personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a TD Bank personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.
How a TD Bank Personal Loan Affects Your Credit Score
Hard pull: When you apply for a TD...
read full answerDoes TD Bank do a hard inquiry?
Yes, TD Bank does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
TD Bank's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your...
read full answerIs it difficult to get a TD Bank personal loan?
It is hard to get a personal loan from TD Bank because they require a credit score of 750 or better if you don't have a bank account with them (660 or better if you do). Other TD Bank requirements include being at least 18 years old, being a U.S. citizen or permanent resident, and having enough income to afford monthly loan payments.
TD Bank Personal Loan Requirements
- Minimum Credit Score: 750 if...
Did we answer your question?