TSB reduces rate on £7.5K to £20K loan tier | Product News | moneyfacts.co.uk

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TSB reduces rate on £7.5K to £20K loan tier

TSB reduces rate on £7.5K to £20K loan tier

Category: Loans
Date: 27/03/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

TSB has reduced the rate on its personal loan tier of £7,500 to £20,000 for terms of one to five years by 0.1% APR, which has made it the lowest rate in its sector, earning it a high rating and ensuring it heads to the top of the charts.

The basics…

A personal loan of £7,500 to £20,000 for one to five years now boasts a market-leading APR of just 2.8%.

The finer details…

Example monthly repayments: £7,500 over five years = £134.13.

Applications can be made online, over the phone or in branch. Those who have held a TSB current account for at least three months can furthermore benefit from same-day funds. Borrowers must be at least 18 years old and should remember that rates are representative and dependent on their credit rating.

Why we like it…

This personal loan has easily earned its high rating and Best Buy status, with its market-leading rate making it exceedingly attractive to borrowers looking for a medium-sized loan.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
 
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