Over 18 (if you are younger than 21, you won’t be able to apply online).UK resident not living on the Channel Islands or on the Isle of Man.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: That’s why it’s often referred to as the representative APR. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.Īll 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.īear 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. This figure is designed to provide an annual summary of the cost of a loan. If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). Quick overview of TSB personal loans Representative APR TSB offers the loan with repayment terms between 1 and 7 years, and applicants can apply to borrow from £ 1,000 to £ 25,000. The TSB Personal Loan charges 6.9% APR representative on loans between £7,500 and £25,000. TSB offers the loan with repayment terms between 3 and 7 years, and applicants can apply to borrow from £ 300 to £ 50,000. The TSB Existing Current Account Customer Personal Loan charges 6.9% APR representative on loans between £7,500 and £25,000. 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. 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. 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. Late repayments can cause you serious money problems. Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results. Debit cards with low foreign transaction fees.For loans above £25,000, the maximum term we offer is 5 years. Loans for £1,000 to £25,000 have repayment terms of 1 to 7 years. Loans of £300 to £999 are available on 3 to 12 month terms. TSB current account customers could borrow from £300 to £50,000. New customers can apply for loans between £1,000 and £25,000 with terms between 1 and 5 years. Lending is subject to approval, and the rate offered will depend on our assessment of your circumstances. To apply, you must be a UK resident aged 18 or over (21 or over if applying online). *The calculator rounds payments up/down, so the amount of the monthly repayment may differ slightly (by pence) and the total amount repayable may differ (by up to £8) to the amounts provided during the application. You can use it to compare the overall cost of credit between different lenders. The representative APR is the Annual Percentage Rate of charge. Please note that your specific rates and repayments may vary, depending on your personal circumstances, as well as the loan amount and term. The online loan calculator results displayed are based on the representative APR for the amount entered.
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