Small Loans

Sometimes a little boost is all the help you need

Life can be full of surprises. And they’re not always welcome ones.

If you’re suddenly faced with an unexpected expense like replacing a worn set of car tyres or paying for a dental emergency, this where one of our new small loans could help you. Or maybe you’re looking to spread the cost of an expensive item, like a new fridge freezer, or PC?

You could borrow between £300 and £999.99* over 3-12 months at 39.9% APR representative, to make life a little easier.

Have the peace of mind that you’re borrowing from someone you can trust and paying it back in regular fixed instalments. For example, a loan of £500 over 6 months would cost just £550.86 in total, with 6 monthly payments of £91.81.

Representative example:
Loan amount: £500
Loan term: 6 months
Representative APR: 39.9%
Rate of interest per annum (fixed): 34.08%
Monthly repayments: £91.81
Total amount payable: £550.86

 

Fast and flexible

  • A personalised quote in minutes. And a decision in under 30 seconds
  • Our personalised quote won't affect your credit rating, and you'll get the rate you’re quoted
  • You can get the money in your account today**
  • Take up to three one-month repayment holidays every 12 months. 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.
  • View your loan online with our mobile app or Internet Banking

 

 
 
 
 
 
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To find out more about other lending options, read our Borrow Well guide.

Apply online today for a personalised quote without impacting your credit score. Or if you prefer, visit a branch or call us on 0345 835 3861. Calls are charged at local rate.

*To apply for a loan between £300 - £999.99 and 25,000 - £50,000 you need to hold a TSB current account
** 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 Sunday and bank holidays.
 

Lending is subject to status and actual rate offered will depend on our assessment of your personal circumstances.

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

There may be lots of different reasons you might need to bank with us differently, either in the short term, or on a continuing basis. It could be because of your physical or mental wellbeing, or because of a life event you’ve experienced. Whatever the reason, we are committed to tailoring our support to your personal needs.

If you choose to tell us about your individual support needs, we will take the time to understand your circumstances and work with you to make sure you have the support you need when banking with TSB. We can add a Support Indicator to your account, which means whenever you talk to us, we'll be aware that you may need tailored support.

Borrow Well

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

Read the guide

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

Log in to Internet Banking to get your quote and apply.

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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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