To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyTo make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyPlease note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
Originally named the “Trustee Savings Bank”, before becoming part of the Lloyds TSB group, TSB re-entered the stock exchange with a revamped version of its old identity in 2014. Since then, it’s been pushing its image as a trusted, family-friendly and approachable challenger bank, and is offering some competitive mid-range personal loans to back it up.
Whatever it is that has seen you needing a little extra cash, TSB makes it easy for you to calculate your interest rates, repayment schedule and benefits, and if you already bank with TSB, you could have the money in your account the same day.
| Loan amount not specified | |
| Loan terms | From year to years |
|---|---|
| Age eligibility | Age eligibility not specified |
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
Interest rates are fixed for the duration of your repayment period, however the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.
If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
You should only apply for a TSB personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
If you've decided that a personal loan from TSB is right for you, you can head over to TSB's website to apply. Completing the secure online application form usually takes about 15 minutes. In most cases TSB will give an instant decision. Before you apply, you can provide TSB with a few details about yourself to find out your likelihood of being approved. This will not affect your credit score.
You can apply for a personal loan online via the TSB website as long as you are over 21, but those between 18-21 must apply by phone or in branch. Anyone can also apply by phone at 0345 835 3861 between 8am-6pm Monday to Friday and from 9am-2pm on a Saturday.
You can also find your local branch with its branch finder.
TSB has a ‘great’ rating on Trustpilot with a score of 4.3 based on over 23,000 reviews (updated May 2024). Customers praised TSB’s customer service and easy-to-use app. The TSB app has a rating of 4.8 on over 472,000 reviews on the App Store and a rating of 4.5 on Google Play (updated May 2024).
You can call TSB’s customer support on 0800 111 4166. Alternatively, you can use the in-app chatbox which is available Mon-Fri from 8am to 5pm.
Abound (formerly Fintern) is a UK lender that promises to offer borrowing “reinvented”, with affordable tailored loans.
Considering an M&S Bank personal loan? Use our calculator to work out how much you’ll pay back and how M&S holds up against the competition.
Novuna (formerly Hitachi) Personal Finance is not a bank – it’s a simplified, online finance provider from Japan that makes instant decisions on personal loans. Check out whether Novuna could be the yin to your financial yang.
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