Yes, TD Bank does offer debt consolidation loans. You can take out a personal loan from TD Bank and use it to pay off existing debts, thus consolidating those debts into a single new balance with one monthly payment that you must make to TD Bank. TD Bank does not specifically refer to their loans as "debt consolidation loans," so you%ll need to take out a general-purpose personal loan.
Quick Facts About TD Bank Debt Consolidation Loans
APR: 6.99% - 18.99%
Origination fee: $0
Loan amount: $2,000 - $50,000
Payoff period: 13 - 60 months
Credit score required: 660 if you have an existing TD checking or savings account that has been open for at least 30 days or 730, otherwise
Keep in mind that a debt consolidation loan from TD Bank will be worthwhile if it saves you money compared to the interest rates you are paying on your existing debts. In addition to the loan%s APR, you should also consider any potential fees, as well as the available loan amounts and payoff periods.
Before you apply for a TD Bank debt consolidation loan, it%s a good idea to compare it to WalletHub%s editors% picks for the best debt consolidation loans. That way, you%ll be able to see how the offer stacks up against loans from leading competitors.