Debt Consolidation Loans

If you're paying off personal loans, credit or store cards, our flexible loan offers an easy way to combine your debts and manage them all in one place.

We call it borrowing well because it puts you in control, with just one monthly payment.

If you bank with us you can get a quote with us in minutes online. And if you don't, just give us a call or pop into a branch.

Defaqto

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Our TSB Personal Loans have been given a 5 star rating by independent financial research and software company Defaqto. Learn more about Defaqto Star Ratings.

I want to:

I currently owe:

£
£1,000 £25,000
You can only borrow between £1,000 and £25,000.

My monthly payments are:

£
£100 £700
You can only enter a figure between £100 and £700.

And I can pay additional:

£per month
£0 £700
You can only enter a figure between £0 and £700.

And I want to pay over:

  months
12 84
Repayment term must be between 12 and 84 months.

And I want to borrow an extra:

£
£0 £0
The additional amount you wish to borrow is too large

It will take 18 months to pay off this loan You'll save £2 on your monthly payment.

Representative Example:

Your monthly repayment will be: £427.30

Total repayable:
£7,691.40
Loan term:
18 months
Annual interest rate (fixed):
3.2%
APR representative:

The Annual Percentage Rate that is charged for borrowing that represents the actual yearly cost over the term of a loan.

3.2%

Actual loan amount and rate will vary. Get a personal quote without affecting your credit rating.

Borrowing more for example by increasing your term may increase the total interest you pay. You may incur fees from your current provider by paying off your existing finance products early. Please check with them before you apply for a new loan so that you understand all the costs involved.

Reducing your monthly repayment for example by increasing your term may increase the total interest you repay. You may incur fees from your current provider by paying off your existing finance products early. Please check with them before you apply for a new loan so that you understand all the costs involved.

You may also pay your debt off sooner and / or save more interest overall by overpaying with your existing provider. You may incur fees from your current provider by paying off your existing borrowing early. Please check with them before you apply for a new loan so that you understand all the costs involved.

Borrowers must be UK residents and aged 18 or over, or if you apply online and have not held a TSB current account for more than 3 months, you need to be aged 21 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 30.0%, but we will tell you your personalised rate before you apply.

Features

  • A personalised quote that won't affect your credit rating
  • Make overpayments when you want
  • Fixed monthly repayments on a date to suit you
  • Pay back your loan between one and seven years
  • Up to two repayment holidays each year. Interest will be charged if you take a break from your repayments or defer your payments, so you will pay more interest overall. Subject to approval

 

There's lots of helpful information and tips on managing money at  www.moneyadviceservice.org.uk , and you can check your credit file for free at  www.noddle.co.uk .

Find out more about our loans, including fees and charges, by visiting our  FAQs page .

Get a quote and apply

(Even if you're not a TSB customer)

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Other ways to apply

By phone

0345 835 3861

Lines are open Monday to Friday 8am-6pm and Saturday 9am-2pm. Closed Sundays.

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Taking control of your finances

If you're finding it difficult to repay your debts, check out our guides below, read our  'Getting on top of your finances'  brochure, come and talk to us in branch or give us a call. We'd be happy to help.

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