What are the benefits of a TSB loan?
You can borrow anything from £1,000 to £20,000 and if you borrow more than £7,500 you get a representative APR of 3.9%. You can pay the loan back over one to seven years and you can take two flexible repayment holidays every year. You also get fixed monthly repayments, so you don’t need to worry about the Bank of England base rate.
TSB has some solid offers when it comes to long-term loans and the repayment holidays could make it an attractive choice. Before you agree to the loan though, you owe it to yourself to visit our price comparison service and weigh up what’s on offer. Personal loans are a fiercely competitive field and the goalposts move all the time. So don’t miss out on a great deal because you didn’t check.
What are the requirements for TSB loans?
In order to access a TSB loan, you must be a UK resident over the age of 18 years old.
If you’re an existing TSB customer who has held an account with the bank in excess of three months, you can apply for your loan online, via telephone or in branch. If you’re not already a customer, you’ll not be able to take advantage of the online application.
But don’t forget, you don’t want to be rushing off and missing out on a better deal. Make sure that you compare the opportunities available to you before committing yourself.
Is a TSB loan the right move for me?
Whilst we cannot essentially answer that question for everyone in a single statement, we would advise comparing the market to see if another provider can offer you better terms or a loan that better suits your circumstances.
This doesn’t take a lot of effort; you can compare leading providers on our site without any obligation to move forwards. Isn’t it worth knowing if you could get something better?
All TSB loan details are based on information provided on tsb.co.uk data on 15 April 2016