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TD Bank Personal Loans & Product Overview

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The table below showcases key details about Toronto Dominion Bank (TD Bank) personal loan options. With TD loans, your financial goals are just a few steps away, whether you’re looking to consolidate debt or make a large purchase.

How much will a TD loan cost you? Use the TD Bank personal loan calculator below to find out what your estimated loan payments will look like for your desired amount and term. You can keep adjusting the figures until you find a repayment that’s perfect for your budget.

Terms from 1 to 5 years. Representative example: $10,000 loan over 5 years with rates from 7.99% to 46.96% APR would cost between $12,163 and $26,087, including fees. The interest can vary between $2,163 and $16,087.

TD Bank personal loans review

TD Bank offers a wide range of borrowing options, including general purpose unsecured personal loans, vehicle loans, overdrafts, as well as student and personal lines of credits.

If you’re searching for a lender that allows you to borrow what you need for whatever purpose you have in mind, use the information in this review to decide if TD Bank suits your needs.

TD Bank loan features

  • Loan terms between 1 and 7 years
  • Loans up to $50,000
  • Choose between a fixed or variable rate
  • Flexible repayment options: Weekly, bi-weekly, semi-monthly, and monthly payments
  • Personalised interest rate
  • Optional TD loan protection to safeguard your financial obligations

How to apply for a TD Bank personal loan?

Toronto Dominion Bank customers can log in to their online account to start applying. If you have any questions, you can speak to a TD representative via the application chat, over the phone, or by booking an appointment.

Confirm your eligibility:

To qualify, you must:

  • Be at least 18 years of age or the age of majority in your province
  • Be a citizen or permanent resident of Canada
  • Have a valid bank account
  • Meet the income and credit score criteria

Keep in mind, the required minimum income and credit score will depend on the loan amount you’re seeking. Additionally, your individual interest rate and monthly repayment are based on your current credit score.

What you’ll need:

You will need to provide personal details, such as your name, date of birth, and contact information. You will also need to organise the following details beforehand:

  • Social Insurance Number
  • Monthly income, expenses, assets, and liabilities
  • Bank details (if you’re not a TD Bank customer)
  • Desired amount, term, and purpose


TD Bank Personal Loan Calculator

Loan Amount



3 months


TD personal loans

EST Monthly Repayment
EST Monthly Repayment
EST Monthly Repayment
6 months
to 60 months
EST Monthly Repayment
to $50,000
n/a provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant product information before taking up any financial product offer. For more information please see's Terms of Use.

What can a TD Bank personal loan be used for?

  • Weddings
  • Home renovations
  • Immediate purchases
  • Unexpected expenses
  • Debt consolidation
  • Investments
  • Educational expenses

TD Bank personal loan FAQS


What are the terms of a TD Bank personal loan?

Between 1 and 5 years.

How much can I borrow?

Generally, you can borrow between $5,000 and $50,000, though you can borrow much more with a personal line of credit.

How long does it take for TD Bank to approve and pay out a loan?

TD Bank personal loan approval times depend on whether you’ve provided all the relevant information and if there are any follow-ups. Generally, getting approval and receiving the funds can take anywhere from several business days to a couple of weeks.

What’s the difference between a TD Bank personal loan and a personal line of credit?

With a TD personal loan, you have to apply each time you borrow. However, you only apply once with a TD personal line of credit. Additionally, TD personal loans come with fixed repayments and the option of either a variable or fixed interest rate. In contrast, lines of credit only come with variable interest rates, and you can pay as little as 1% of the outstanding amount or $50, depending on which is greater.

What’s the difference between a fixed and variable rate when choosing a TD Bank loan?

A fixed rate means your interest rate and repayments never vary. On the other hand, a variable rate changes depending on the TD Prime Rate.

Can I apply online for a TD Bank personal loan?

Yes, provided you have a TD online login ID. Otherwise, you will have to call to apply on 1-877-390-5197 or book an appointment with a TD representative at your nearest branch.

TD Credit & Loans 101