TSB reduces rate on £7.5K to £25K loans | Product News | moneyfacts.co.uk

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TSB reduces rate on £7.5K to £25K loans

TSB reduces rate on £7.5K to £25K loans

Category: Loans
Date: 25/10/2017

TSB has reduced the rate on its personal loan tier of £7,500 to £25,000 for terms of one to five years by 0.1% APR, which has made it the joint-lowest rate in its sector, earning it our highest rating and an even more competitive place in the Best Buys.

The basics…

A personal loan of £7,500 to £25,000 for one to five years now boasts a joint 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 (21 for online applications) with an annual income of £10,200 or more, and should remember that rates are representative and dependent on their credit rating.

Why we like it…

This personal loan has easily earned the highest Moneyfacts rating as well as a top-three place in the Best Buy charts, with its joint-top rate making it exceedingly attractive to borrowers looking for a medium-sized loan.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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