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TSB: Personal Loan reviews

Name: Personal Loan
Rating: 3.32 (22 reviews)

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3.32

Based on 22 reviews, last reviewed 19th Apr 2026

No new 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

41%

18%

27%

Latest highest rating:

5

A1 Banking Have been with TSB and previously with Lloyds bank for all my working life and still with them in retirement,have had issues with scammers which was ... Read more Reviewed on: 24th March 2026

Latest lowest rating:

1

Little to no value After 15 years with the bank, a healthy financial situation built from the ground up (and being myself a Senior worker in the Finance industry) and th... Read more Reviewed on: 19th April 2026

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About this product

TSB personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our TSB personal loan reviews can help you to find out what other people have to say. Smart Money People launched in October 2014 to help people like you to find the best personal loans. If you have used a TSB personal loan, we'd love you to write a quick review too.

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TSB Personal Loan reviews (22)

Lots of interest at a young age

Was kind of talked into a £7500 loan when I initially went for a £3000 one, it had lots of interest and ruined the next five years of my financial life, still trying to get back on my feet! Reviewed on: 7th November 2017

Personal Loan

TSB make it easy to apply and have fair interest rates. I received the money the same day and all application was done online. Would definitely recommend! Reviewed on: 23rd July 2017

Great service every time!

I have a number of accounts with TSB - current accounts, esavings, business banking to name a few. When I approached the bank for a personal loan a few years ago the process was completely seamless and the communication friendly and efficient. Reviewed on: 30th June 2017

High APR

I applied for a personal loan through this bank, as I am a current account holder, never been in my overdraft, never been below a certain amount in my account. I needed to build credit history so sought a loan rather than a credit card. However, I was so disappointed at the APR being as high or maybe higher than that of a credit card. I opted for a different provider with excellent rates and customer service. Clearly this bank doesn't value their long term customers. Would NOT recommend! Reviewed on: 29th June 2017

Advertises good rates but unlikely to receive.

Loans are showing rates as low as 2.8% but the given rates are much higher, even when applying with a good credit score. Process to apply was simple being an existing customer. Reviewed on: 31st May 2017

Simple, Expensive and declined

I needed an emergency loan to cover unexpected costs for my wedding. I applied for a TSB persona loan. rate shown to me was +29% APR. I bit my tongue and clicked submit on the application only to be told instantly that my application was declined. Considering that I have been banking with TSB for over 14 years, I thought they would have a full picture of my financial and would realise that a £2,000 pound loan over 12 month was reasonable. However, it was fortunate that I was declined as I searched Martin's Money Saving Expert website and found out about Zopa (online Peer to Peer lending). My application was accepted and I am now paying a 3.99% APR (Paying back £2078.76 over 12 months on a £2,000 loan). The wedding was a blast and I now have 8 months left to pay back my small loan! Thank you Zopa Reviewed on: 30th May 2017

Brilliant!

So fast and easy to arrange. Highly recommended. Reviewed on: 24th May 2017

Great and easy

I applied for a loan to assist with the cost of a holiday to Florida. As I have a TSB current account, I could do everything online and there was no delay in the approval. The money was transferred to my account straight away. I have given 9/10 stars for how likely I would be to recommend just because I feel that it is easier for people with current accounts to get a loan than anyone else. Also, it may be possible to get a better rate of interest elsewhere. Reviewed on: 20th April 2017

Public Complaint

I was having financial difficulties and asked for a consolidation loan I borrowed 13000 over 60 months. I paid this loan of after 28 months and got no reimbursement whatsoever and i paid over 19000 pound back is this being treated fairly or is it pathetic. The loan agreements tiny print that is barely readable states £6.54 per day interest will be charged. TSB don't answer complaints and claim to have nothing wrong in ripping me off and helping me get further money worries since no reimbursement offered and no complaint regarding this matter resolved. Reviewed on: 3rd February 2017

personal loan

Been with the bank for over 30 years and they still offer you a high interst loan Reviewed on: 14th October 2016

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