| Representative APR | Amount | Term | Type |
|---|---|---|---|
| 5.9–24.9% | £1k–£25k | 12–60 mo | personal |
Best For
Individuals with good credit seeking loans for personal projects or debt consolidation.
Individuals with good to excellent credit looking for a personal loan without hidden fees.
TSB offers personal loans ranging from £1,000 to £25,000 with terms of 12 to 60 months and representative APRs between 5.9% and 24.9%.
Pros & Cons
Watch Out
Applicants with lower credit scores may be offered higher interest rates, increasing the overall cost of borrowing.
Full Review
Our analysis indicates that TSB's personal loan is user-friendly, featuring a quick online application and same-day approval for many applicants. The loan amounts range from £1,000 to £25,000, with terms between 12 to 60 months. While the absence of arrangement fees is the APR can reach up to 24.9%, which could be burdensome for those with less-than-perfect credit.
We noted that TSB's customer service reputation is generally positive, but response times can vary. Applicants should also be aware that while the initial application is the terms offered heavily depend on creditworthiness. Those with scores below 700 may struggle to obtain .
Unlike other lenders, TSB does not charge early repayment fees, allowing borrowers to pay off their loans without incurring additional costs. However, individuals should prepare for a thorough credit assessment, which can impact their loan approval and terms significantly.
What Borrowers Say
Borrowers generally appreciate the straightforward application process and quick approval times, though some express concerns over interest rates.
