TD Bank Personal Line of Credit Review

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

What APRs does TD Bank Personal Line of Credit offer?

TD Bank Personal Line of Credit offers a variable APR product that ranges from 10.5% APR up to 15.5% APR.

Does TD Bank personal line of credit charge an origination fee?

No, they do 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 the TD Bank personal line of credit charge a cash advance fee?

Yes, they may charge a fee.

Does the TD Bank Personal Line of Credit charge a statement balance fee?

No, this lender does not charge a statement balance fee.

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

Yes, they may charge borrowers a late payment fee.

How much can you borrow via TD Bank personal line of credit?

Upon approval and based on your credit score, your personal line of credit will be assigned a credit limit 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	No
Statement Balance Fee	No

What do you need to qualify for TD Bank Personal Line of Credit?

Applicants with a credit score of at least 680 and up to 850 may be eligible for TD Bank Personal Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

TD Bank Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. TD Bank Personal Line of Credit only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via TD Bank Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by TD Bank Personal Line of Credit. Permanent resident / green card holders are also eligible to apply.

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

• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit

How to apply for TD Bank personal line of credit

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