TSB Bank Loans

TSB Bank is a trusted name in the UK's financial sector, known for its top-rated personal loans. With a customer-centric approach, TSB can be your dedicated partner in reaching your financial goals, whether they involve everyday expenses or special occasions.

Key Benefits of a TSB Personal Loan:

Repayment Holidays Pause monthly repayments for financial flexibility.

Additional Borrowing Get more funds, either by combining loans or taking out a new one.

Overpay Your Loan Reduce interest by making extra payments.

Same-day funding:  2 Minute Quote Get a quote in 2 minutes, and same-day funds possible.

TSB’s Personal Loans: A Potential Financial Solution for You

At TSB, a variety of personal loans has been created to cater to individual financial needs. Whether you're seeking a modest boost of £300 or a substantial sum of £50,000, TSB offers flexible terms ranging from 3 months to 7 years to align with your unique requirements. The application process is simple and user-friendly, and the TSB team is always available to provide guidance.

The available types of personal loans from TSB include:

• Car Loans
  • Loan Amount: £1,000 to £25,000 (£300 to £50,000 for TSB current account customers)
  • Repayment Period: 1-7 years
  • Rate: Representative APR from 6.9% for loans of £7,500 to £25,000
• Wedding Loans
  • Loan Amount: £1,000 to £25,000 (£300 to £50,000 for TSB current account customers)
  • Repayment Period: 1-7 years
  • Rate: Representative APR from 6.9% for loans of £7,500 to £25,000
• Debt Consolidation Loans
  • Loan Amount: £1,000 to £25,000
  • Repayment Period: 1-7 years
  • Rate: APR capped at 39.9%
• Graduate Loans
  • Loan Amount: £1,000 to £10,000 (exclusive to TSB Graduate Account customers)
  • Repayment Period: 1-5 years
  • Rate: 12.9% APR representative for loans between £5,000 and £10,000
• Home Improvement Loans
  • Loan Amount: £1,000 to £25,000 (£300 to £50,000 for TSB current account customers)
  • Repayment Period: 1-7 years
  • Rate: Representative APR from 6.9% for loans between £7,500 and £25,000
• Small Loans
  • Loan Amount: £300 to £999.99
  • Repayment Period: 3-12 months
  • Rate: Fixed 39.9% APR
  • Features: Ideal for unexpected expenses or spreading the cost of items

No matter your financial objectives, TSB is there to assist you in your pursuit of them.

Please note that the rate can change, and the representative APR provided may not be the rate you receive. Your rate will depend on your financial situation, and APR rates may vary with the loan amount.

Loan Repayment Holidays: Flexibility When You Need It

TSB is dedicated to your financial success. If you find it hard to make repayments, don't worry. TSB's team is ready to help. They offer practical solutions, like taking a break from your loan payments (known as payment holidays).

What are payment holidays? Pause your monthly loan payments for up to two one-month periods per year, useful for unexpected expenses.

Eligibility: To qualify, you must:

• Have made at least one repayment with a Direct Debit in place.
• Be up to date or have missed no more than one payment.
• Have at least 30 days left on your loan term.

Note: Interest continues during a repayment holiday, potentially extending your loan.

How to Apply: Easily request a one-month repayment holiday via Internet Banking.

Loan repayment holidays provide flexibility for unforeseen circumstances, but they are not a long-term financial solution.

Additional Borrowing 

Need More Funds? If you already have a TSB personal loan and need more money, you can easily apply online. You have two options:

1. Combine your existing loan with the new amount into one single payment.
2. Keep your current loan as is and take out a separate, additional loan.

Qualifications: Ensure you can demonstrate your capacity to repay the loan.

Important Note: Your APR depends on how much you borrow and your financial situation. Rates may change before your loan is approved. Also, if you refinance existing debts, your interest rate or loan term might change, which could increase your total interest costs.

To Apply for a TSB Loan

Eligibility Criteria:

Age:	18+ years old (21+ for new online applications)
Residency:	UK required

Usage Restrictions:

TSB does not accept loan applications for:

• Speculative ventures
• Illegal activities (e.g., drug-related)
• Business purposes
• Refinancing student loans
• Property purchases
• Retaining property rights
• Savings
• Household bills

Summary of TSB Personal Loans

TSB Bank provides a diverse range of personal loans, suitable for everything from consolidating debt to funding significant purchases. Their loan amounts vary from £300 to £50,000, offering flexibility to accommodate different financial needs. Unique features like repayment holidays and the option for additional borrowing further enhance their appeal.

For those considering a TSB loan, it’s crucial to thoughtfully assess how much you need and how you plan to repay it. TSB's customer-centric approach ensures that guidance and support are readily available, making them a dependable choice for your financial endeavors.

Please Note: This content is based on information as of January 2024. For the latest updates and specific terms, we recommend contacting TSB directly by visiting their website.