Loans

Personal loans

​Our award winning loans help customers to borrow well. ​
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With loans from £1,000 to £25,000 (or £300* to £50,000 for TSB current account customers).

Coronavirus (COVID-19) - If you have been impacted directly or indirectly by Coronavirus you may benefit from taking a repayment holiday. Find out more on our Loan Repayment Holiday page.

Our lowest rate: 2.8% APR representative for loans between  £7,500 and £25,000 for 1-5 years.

We've got an exclusive offer to recognise everyone who works in the NHS, emergency services, and armed forces. When you take out a loan with us between 27 July and 6 September 2020, you can get £50 cashback. To find out more, check out our terms and conditions.

    • Get the money today​ 
      If you’re an existing TSB current account customer (for more than 3 months) and are approved before 6pm. Or the next day if not (excluding Sundays and bank holidays)​
       

    • Get a personalised quote before you apply​
      Without affecting your credit rating​

    • Take a break from your repayments​
      Three consecutive one-month holidays every 12 months. Subject to approval. The length of your loan will increase, meaning you may pay more interest overall. To take consecutive holidays you will need to reapply each month.
       

    • Pay more whenever you want​
      Which may reduce the amount of interest you pay. Early settlement charges may apply if you pay off your loan in full.​

If you are an existing customer and meet our eligibility criteria, we now offer loans from £300. Apply online today for a personalised quote without impacting your credit score. Alternatively, visit a branch or call us on 0345 835 3861. Calls are charged at local rate.

Personal loans calculator

Choose how much you would like to borrow and for how long using the calculator below. ​
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It then takes just 2 minutes to get a personalised quote, which won’t affect your credit score. 

Representative Example:

I need to borrow:

£
£ 1,000 £ 50,000
You can only borrow between £ 1,000 - £ 50,000

And pay it back over:

Borrowers must be UK residents only and aged 18 or over. Lending is subject to status and actual rate offered will depend on our assessment of your personal circumstances. The maximum APR we might offer is 39.9%.

How to apply for a loan

 
To be eligible for our personal loan, you must:
  • be 18 or over
  • be a resident of the UK with no history of adverse credit
  • have had a TSB bank account for more than 3 months
  • make repayments by Direct Debit
  • be a permanent paid employee, self-employed or retired with a pension
  • Satisfy us that you can afford to pay back the loan
Already a TSB customer?

If you’re an existing TSB customer it’s quicker to log in to get your quote and apply​.

Log in

New to TSB?

Please make sure you’ve chosen the loan you would like a quote for, using the calculator above​

Apply now

Apply over the phone

Lines are open Monday to Friday 8am-6pm and Saturdays 9am-2pm. Calls are charged at a local rate. 

Find a branch and apply for a loan in person.

Money Worries

If you’re struggling with your current financial situation, we can help.

Borrow Well

If you are looking to borrow some money, read our guide on borrowing sensibly.

Read the guide
 

Personal loan FAQs

If you’re over 18, a UK resident; and have had a TSB current account for more than three months, you can apply online, in a branch or by calling us on 0345 835 3861.

If you haven’t had a TSB current account for more than three months, or are completely new to TSB, you can still apply for a loan with us. You will need to be a UK resident. If you are aged 18 or over you can apply in branch or by calling us on 0345 835 3861. You can also apply online if you are over 21.

Please note that we do not accept loan applications for:

  • Speculative ventures e.g. share purchase or gambling
  • Illegal purposes, e.g. drug related activities or racketeering
  • Business purposes
  • Refinancing of a loan arranged through the Student Loans Company
  • Purchasing or putting down a deposit on a property, timeshare or land
  • Retaining property rights (e.g. to repay an existing mortgage in full or to pay ground rent or service charges)
  • Savings
  • Paying household bills

These purpose exclusions apply whether the customer is looking to borrow money on their own behalf or to support a third party, e.g. a parent wishing to borrow money to provide a child with a property deposit must be declined.

The amount you can borrow with a personal loan will depend on your personal circumstances, however we provide unsecured loans from £300 to £999, over 3-12 month loan terms, £1,000 to £25,000, over 1-7 year loan terms, or £25,000 to £50,000, over 1-5 year loan terms. We also offer Graduate Loans from £1,000 to £10,000, over 1-5 year loan terms.

You have 14 days to withdraw from the agreement.

This right to withdraw will start on the day after you sign your loan agreement. If you do wish to withdraw from your loan during this time you must repay, no later than 30 calendar days after giving notice of withdrawal, the total loan amount (this is the amount we paid into your account) and the daily interest that we charge, both can be found on the Loan Agreement.

You can withdraw by calling us on 0800 111 4166 (8am to 6pm Monday to Friday, 8am to 2pm on Saturday. Closed Sundays) or by sending any notice to TSB Bank plc, PO BOX 373, Leeds, LS14 9GQ.

If you want to talk to us about withdrawing from your loan more than 14 days after you've signed your loan agreement, please call us on 0800 111 4166 or visit your local branch

We pride ourselves on being a responsible lender so if you’re struggling to make your monthly repayments we have a range of options that may be able to help you. You may be able to request a payment holiday. Find out more about taking a Loan Repayment Holiday.

  • You can repay your loan early at any time in full or part
  • We may charge you up to 58 days interest on any full settlement you make
  • If you make any additional payments we will use these to partially settle your loan. This means that you will continue to make your normal monthly payments, but the number of your repayments and the amount of your final repayment may change
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