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TSB loans

Thinking of taking out a TSB loan? Read our guide to find out what loans are available and how to apply for them.

Thinking of taking out a TSB loan? Read our guide to find out what loans are available and how to apply for them.

Who is TSB?

TSB is a high street bank that’s been part of Spanish banking group Sabadell since 2015. Sabadell is one of the leading banking groups in the Spanish financial system, founded in 1881 and on the IBEX 35. It operates in 15 countries. TSB itself has a 200-year history of operating in the UK, where it has more than 5 million customers.


TSB offers current and savings accounts along with home insurance and life insurance. If you’re looking for credit, TSB offers credit cards, backed by its fraud refund guarantee, and loans.

Which is the best TSB loan for me?

The best loan for you will depend on your personal situation and credit history, together with how much you want to borrow and how long for. 


Why not compare with us and see which loans you’re likely to be eligible for? You can then work out if a TSB loan is right for you. Try our loan eligibility checker: it won’t impact your credit rating.

Check eligibility

Why choose TSB

Its unsecured personal loan is 5-star Defaqto rated in 2024.

As of March 2024, TSB offers 5.9% APR representative for loans between £7,500 and £25,000 for one to five years. But this isn’t necessarily the rate you’ll be offered. That will be based on your own personal circumstances and credit history.

TSB builds in the potential for a payment holiday on its loans. You can take a month’s break twice in 12 months, although not back-to-back. Interest is charged during the repayment holiday and it may extend the term of your loan, so you might end up paying more interest overall.

Eligibility

To be eligible for a TSB loan you’ll need to be:

  • A UK resident
  • 18 or over, 21 if you apply online
  • Be employed or have a regular income 
  • Earn at least £850 a month after tax
  • Have no recent CCJs, credit defaults or bankruptcies, and be up to date with any TSB debts.

There are certain things you can’t use a TSB loan for. These include business purposes and paying household bills.

Are there any charges?

If you repay your loan early, you could be charged up to 58 days’ interest on any full settlement you make. 

But there’s no charge for applying for a loan or getting it set up.

Why compare loans with Compare the Market?

Our loan comparison service is quick and easy to use. Compare loans from TSB and other providers.

See what loans you could be eligible for in under 4 minutes[1]

See loans from a wide range of lenders

Loans available up to £50,000 (£500,000 for homeowner loans)

[1] Correct as of March 2024.

Compare the Market Limited acts as a credit broker, not a lender. To apply you must be a UK resident and aged 18 or over. Credit is subject to status and eligibility.

How well is TSB reviewed on Trustpilot?

TSB had a rating of 4.3 Excellent on Trustpilot, based on 22.438 reviews at the time of writing in March 2024.

See TSB’s latest rating

Frequently asked questions

How much can I borrow from TSB?

The amount you can borrow with a personal loan will depend on your personal circumstances. If you fit its lending criteria and can afford the repayments, TSB offers unsecured loans from:

  • £300 to £999, over 3-12 month loan terms
  • £1,000 to £25,000, over 1-7 year loan terms
  • £25,000 to £50,000, over 1-5 year loan terms. 

It also offers Graduate Loans of £1,000-10,000, repayable over 1-5 years.

Can I get a TSB loan with bad credit?

It depends on how bad your credit is. TSB won’t accept anyone with recent CCJs, credit defaults or bankruptcies. You’ll also need to be up to date with any TSB debts you already have.

How to contact TSB

The TSB website explains the easiest ways to contact the bank, depending on what your issue or question is.

How do I apply for a TSB loan?

You can compare loans with Compare the Market, choose the TSB loan and follow the links to apply. You can also apply directly on the TSB website, in branch, over the phone, or online if you’re over 21.

Can I pay off a TSB loan early?

Yes, you can repay your loan early at any time in full or part. If you make any additional payments, TSB will use these to partially settle your loan. This means that you’ll continue to make your normal monthly payments, but the number of your repayments and the amount of your final repayment may change.

If you pay off your loan in full you could be charged up to 58 days’ interest on any full settlement you make.