TD Bank's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a Social Security number. You will also need to have a verifiable bank account to qualify for a TD Bank personal loan.
TD Bank Requirements for Borrowers
Credit Score: 750 if you don't have a bank account with them (660 if you do)
Income: Not disclosed
Citizenship: U.S. citizen or permanent resident
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: One of the 15 states or DC that TD is in
Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.
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 individual credit score may be affected by a hard inquiry, you can use the … read full answercredit score simulator on WalletHub.
It's worth noting that some people may be uncertain about whether TD Bank does a hard inquiry because there's only a soft inquiry during the pre-qualification process. Soft inquiries do not impact your credit score. But that's just the first step, and a hard inquiry is required when you officially apply.
If not having a hard inquiry is important to you, lenders that don't do a hard pull at all include Opploans and Integra Credit.
It is difficult 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.… read full answer
TD Bank Personal Loan Requirements
Minimum Credit Score: 750 if you don't have a bank account with them (660 if you do) credit score
Age: 18+ years old
Residency: U.S. citizen or permanent resident
Identification Type: SSN
Once you make sure you've met all the requirements for a TD Bank personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income, and debt.
You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.
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.… read full answer
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.
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