Toronto-Dominion Bank is in talks to buy Chrysler Financial Corp, the auto loans company owned by private equity firm Cerberus Capital Management LP , Bloomberg reported on Monday, citing three people with knowledge of the matter.

TD Bank declined to comment.

Chrysler Financial was not immediately available for comment.

The report said Chrysler Financial may sell for almost $6 billion to $7 billion and the parties may reach an agreement as soon as this week.

One person is cited saying an agreement could stretch into next week.

(Reporting by Paritosh Bansal and Yinka Adegoke; Editing by Phil Berlowitz)