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TSB Personal Loan
Borrow from £7,500 to £25,000 at just 5.6% APR with flexible repayment and fast same-day funding for eligible UK residents.
Introducing the TSB Personal Loan
The TSB Personal Loan stands out for offering a low 5.6% APR representative on loans ranging from £7,500 to £25,000, repayable over 1 to 5 years.
Applicants can check eligibility with no impact to credit score, ensuring transparency around potential rates before making a commitment.
Funds can be available on the same day if you hold a TSB current account for more than three months and your application is approved before 6pm.
This unsecured loan targets UK residents over the age of 18 (21 if applying online), who earn at least £850 per month after tax.
Flexibility is also built in – you won’t pay fees for repaying early or making overpayments, and repayment holidays are possible.
How to Apply: Step by Step
To apply, first check your eligibility online or via the mobile app for a personalised quote without affecting your credit score.
Provide the required details such as employment status, income, and personal identification.
If approved, choose your preferred loan amount, agree to the terms, and finalise the application online or in-app.
New to TSB? You will need to provide more information and may need to book an appointment in branch or by phone if online isn’t suitable.
On approval, funds can be transferred rapidly, sometimes even on the day of application for established TSB customers.
Loan Advantages
One clear advantage is the competitive interest rate of 5.6% APR for qualifying loan amounts and terms, which may be hard to beat elsewhere.
Fast access to funds is another significant plus, making this product practical for covering time-sensitive needs or emergencies.
Loan Disadvantages
Strict eligibility requirements mean you must have a solid credit history and sufficient income, so not everyone will qualify.
Loan purposes are limited; you cannot use this loan for investing, gambling, buying property, or repaying a student loan.
Verdict: Our Take on TSB’s Loan
TSB’s personal loan is an attractive option for established UK borrowers who need flexible repayments and rapid access to cash at a low interest rate.
For those who meet the criteria and require a straightforward, transparent loan, this offering is definitely worth considering.
