The heart knows what it wants, they say. For you, that could be a two-week winter vacation. Or a new living room showcase. Maybe even something as practical as a master’s degree.
Well, TSB knows what you need: a TSB Personal Loan! You can finally fulfill your heart’s desire with quick and easy funding from TSB. Not sure how much it will cost you monthly? Don’t fret; our TSB personal loan calculator can help you there.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
About TSB Personal Loans
TSB understands what their customers need when borrowing for personal use. Hence, their Personal Loans have the below key highlights:
- Limit ranging between £1,000 to £25,000
- Term ranging between 1 to 7 years
- Fixed APR of 2.8% (for loans between £7,500 to £25,000, up to 5 years only)
- Instant credit decision (in most cases)
- Access to funds within 1 working day (talk about speed!)
- No up-front fees (hooray!)
- Direct-debit repayment
- Two one-month repayment holidays every year (you cannot take one after the other)
- Freedom to overpay anytime without charge
Additional useful information
TSB also offers top-up loans if you need those. The first option is to combine the old and new loans into one payment. The second option, on the other hand, is to keep the new loan separate. As for the terms, they are similar to the ones above except for the APR. (The top-up loan may increase the APR due to increased risk.)
There are added benefits for TSB current account customers. They can loan for as little as £300, to as much as £50,000. They can shorten their term to 3 months for loans below £1,000. And then there’s the same-day access to funds. (Those’re some incentives to open a TSB account, if you don’t have one yet!)
One thing you should note: TSB will not allow a loan for some specific purposes. These include:
- Risky financial pursuits like gambling or share purchases
- Criminal pursuits like drug-pushing
- Business-related financing
- Repayment of loans provided by the Student Loans Company
- Investments in land
- Mortgage and rental payments
- Payment of recurring household bills
- Treatment as savings
Still unsure whether or not to go for it? No worries. You can start by getting a quote from TSB here, and then decide from there. The good news is, the quote won’t affect your credit rating!
How to Apply
The first step is to check if you are qualified for a TSB Personal Loan. You would be if you are:
- Over 18 years of age
- A UK resident not living on the Channel Islands or the Isle of Man
- Employed or retired with a pension
- Earning at least £10,200 every year
- Not bankrupt
Once you meet all of the above, the rest is a walk in the park. You can apply online, go to your nearest branch, or call at 0345-835-3861. It’s different, though, for non-TSB customers aged 18 to 20 years old. They can only apply by phone or through the branch.
TSB personal loan calculator
EST Monthly Repayment
12 months
to 84 months
EST Monthly Repayment
£7,500
to £25,000
Our 5 star rated loans help customers to borrow well. ? ? With loans from £1,000 to £25,000 (or £300* to £50,000 for TSB current account customers). Our lowest rate: 3.2% APR representative for loans between £7,500 and £25,000 for 1 - 5 years.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
