According to its website, Lloyds TSB is the UK’s number one provider of unsecured loans . The most competitive deal available with a Lloyds TSB loan is their personal loan product, which offers between £500 and £25,000 at a typical APR of 7.90%. Repayments are able to spread over up to 5 years, and interest rates are fixed for the duration of the loan, allowing you to control your budget throughout the loan term.
The personal Lloyds TSB loan presents a competitive product in terms of repayment flexibility; at the start of the loan you can apply to defer your monthly repayments for up to three months, and after 6 consecutive repayments you may be eligible for a one month repayment holiday.
Lloyds TSB loan products are also available as secured loans for larger amounts, and generally offer more flexible loan terms and more attractive rates in return for collateral, such as your home, being offered for the loan. You also have the choice of spreading repayments over a longer period, allowing you to keep your monthly repayments as affordable as possible.
Along with these two loan options, the Lloyds TSB loan range also offers specialist loan products, including a graduate loan, bridging loan, and further education loan. If you are considering a Lloyds TSB loan, compare their rates against the market to ensure you are applying for the right loan for your circumstances. Complete the form on this page for a free, fast comparison of the most competitive loan options currently available from UK lenders.