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

If you took out a loan with us between 27 July and 6 September 2020 and work for the NHS, emergency services, or Armed Forces, you could get £50 cashback. To find out more, check out our terms and conditions.

Debt Consolidation Calculator

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
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 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.

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 three consecutive one-month repayment holidays every 12 months*. 
  • View your loan online with our mobile app or Internet Banking

* 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. To take consecutive repayment holidays, you will need to re-apply each month.
 
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.

What is debt consolidation?

Debt consolidation is using one loan to pay off all your outstanding debts - such as personal loans, overdrafts, store cards and credit cards. This can help you regain control of your personal finances, particularly if you’re accruing interest on multiple loans or finding it hard to manage several monthly repayments. Check out our guide on the ins and outs of debt consolidation.

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​.

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New to TSB?

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

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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.

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