Can I apply for a second loan?

If you currently have a loan from TCF Bank, in order to be eligible for another loan, you must:

  1. Have made on-time monthly payments for the six previous consecutive months. On-time payments means that a payment was received during the 15 day grace period

  2. Have no more than 1 outstanding loan through TCF Bank at the time of application

  3. Have no more than $35,000 of outstanding principal at the time the loan originates

If you have finished paying off an existing TCF Bank loan and made on-time monthly payments for the 6 previous consecutive months, you are able to apply for a second loan after your most recent payment clears (14 days from the payment date). 

If you have finished paying off an existing TCF Bank loan and any of the 6 most recent monthly payments were not on time, or you paid off the loan before reaching 6 monthly payments, there is a 60 day cooling off period before reapplying. 

If any payment is still processing on your existing loan, TCF Bank is unable to approve a new loan application. The pending payment counts as your sixth most recent payment and must process successfully before the new loan application can be approved, if all other requirements have been met.

To create a second application we require you to use a different email address than what you may have previously used on another application. To apply for a second loan, check your rate here!

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