TD Bank Personal Line of Credit Review

Where does TD Bank Personal Line of Credit do business?

TD Bank Personal Line of Credit is a bank based in Wilmington, DE. that was founded in 1855. TD Bank Personal Line of Credit is offered in 16 states (and Washington, DC).

What are the APRs offered via TD Bank Personal Line of Credit?

TD Bank Personal Line of Credit offers personal lines of credit with variable APRs starting from 10.5% to 15.5%.

Does TD Bank Personal Line of Credit charge an origination fee?

No, TD Bank Personal Line of Credit does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does TD Bank Personal Line of Credit charge a cash advance fee?

Yes, TD Bank Personal Line of Credit may charge a fee.

Does TD Bank Personal Line of Credit charge a late fee?

Yes, TD Bank Personal Line of Credit may charge borrowers a late payment fee.

Does TD Bank Personal Line of Credit charge prepayment fees?

Yes, TD Bank Personal Line of Credit charges additional fees to borrowers who close their line of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit.

How much can you borrow via TD Bank Personal Line of Credit?

Upon approval and based on your credit worthiness, your TD Bank Personal Line of Credit personal line of credit will be assigned a credit line of at least $20,000 and as much as $50,000. .

TD Bank Personal Line of Credit Fees

Cash Advance Fee	N/A
Origination Fee	0%
Prepayment Fee?	Yes
Late Payment Fee	N/A

What do you need to qualify for a line of credit with TD Bank Personal Line of Credit?

Applicants with a credit score of at least 680 can apply for a line of credit via TD Bank Personal Line of Credit. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

TD Bank Personal Line of Credit only considers borrowers who are employed, or have a regular source of income or benefits

Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via TD Bank Personal Line of Credit. Their rates fall within the limits of The Military Lending Act. Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of identity
• Proof of citizenship or residence permit
• Proof of income

How to apply for TD Bank Personal Line of Credit

• Visit the TD Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.