Car Loans

Car loans

Whether you chose a new or used car, our car loan can help spread the cost.

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

  • fixed rate to suit your budget
  • Get a personalised quote with no impact on your credit rating
  • You can get the money in your account today
  • Added flexibility with up to two, one-month repayment holidays every 12 months***
  • Buy well with our car buyers hints and tips
  • Option to make lump sum repayments
  • View your loan online with our mobile app or Internet Banking
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*The representative APR is the Annual Percentage Rate of charge. You can use it to compare the overall cost of credit between different lenders.  
** To apply for a loan between £300 - £999 and 25,000 - £50,000 you need to hold a TSB current account.
***Repayment holidays are subject to approval. If you do decide to take a repayment holiday, interest will continue to be charged and the length of your loan will increase, meaning you’ll pay more interest.
If you apply before 6pm and have held a TSB current account for more than 3 months, the money should be in your account the same day. If you apply after 6pm, the money should be in your account the next working day (excludes Sundays and bank holidays).

Car Loan Calculator

Representative Example:

I need to borrow:

£
£ 1,000 £ 50,000
You can only borrow between £ 300 - £ 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%, but we will tell you your personalised rate before you apply.

  • Check the MOT 

If you have the car's registration and MOT test numbers you can view its MOT history free at gov.uk.

 
  • Check the service history 

Find out what maintenance has been done and check the car's mileage by asking to see a full service history. 
 

  • Take a test drive 

Give the car a test drive and look over to spot anything unusual and make sure it's what you're expecting. 
 

  • Ask an engineer 

You can pay for a professional to inspect the car before you buy. It's especially important to check repairs if the car has been written off in the past. 
 

  • What's the right price? 

Use online car valuation checks or simply do a little market research to make sure you're paying a fair price for the make and age of the car. 
 

  • Know the finance history 

You can pay finance companies to check the car doesn't have an outstanding credit agreement against it. If you buy from a dealer they're expected to do this for you. 
 

  • Make sure the car's not stolen 

Go to gov.uk to check the V5C registration document matches DVLA records. You'll need the registration number and make to do this. 
 

  • Understand write offs 

Written off cars get a Vehicle Identity Check (VIC) marker. If they can be allowed back on the road, they'll need a DVLA VIC test. Find out more at gov.uk

 
  • Has the car been recalled? 

At gov.uk you can check for free if the car has been recalled by the manufacturer for safety reasons. 

 
  • What about your old car? 

If you're upgrading your old car, shop around to see how much you could get for trade in, or whether you'll make more selling it privately.

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. Calls are charged at a local rate. 

Find a branch and apply for a loan in person.

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