The present disclosure relates to the field of computer technology, and provides an EEG-based psychological test method and a terminal device. The method includes: collecting, by an EEG acquisition device, an EEG signal of a subject when test information is felt by the subject, inputting the test information into a machine learning-based information recognition model, and obtaining a recognition result output from the information recognition model; and determining a psychological test result according to the EEG signal and the recognition result of the test information corresponding to the EEG signal in time.