;
Lloyds TSB Personal Small Loan

Lloyds TSB Personal Small Loan

(14 customer reviews) Submit review
Lloyds TSB Personal Small Loan has an average rating of 2.2 out of 5 based on 14 user reviews

Visit lender's website
Address
Lloyds TSB Headquarters, 25 Gresham Street, London, EC2V 7HN
Telephone
0845 300 0000
 
 

Acceptance Criteria

You need:
  • You must be 18 years of age or older
  • You must be in full-time, part-time or self-employment earning at least £500 per month
  • You must have a good credit history
  • You must have an email address
  • You must have been living in the UK for 3 years or longer
  • You must have had a Lloyds TSB Current Account with Direct Debit facilities for more than 3 months
Next Section
Reviews
Read enough?
Visit lender's website

Customer Reviews - The truth about Lloyds TSB Personal Small Loan

Average Customer Review: (14 customer reviews) Add your own review

Average Customer Review:

(14 customer reviews)
Add your own review

The most favourable review

excellent

Mehdi, Manchester
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

excellent service i have ever exprienced.

The most critical review

lloyds/tsb holiday repayment

Nothappy, West midlands
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

tried to use 1 of my holiday repayment months on a loan i took out with Lloyds/Tsb.(id just been made redundant from work after company going into insolvencey,so i wont be getting any money for a month or 2 from what im told, till things are sorted out.)the person on the phone asked me what reason i was asking for the months holiday i explained why,and said it would give me some time to sort another job out ect:. with out the worry of the money being in my account.she said ill transfere u to another department because they might be able to give you the 2 month holiday,*i thought thats even better*so i said ok.(HOW WRONG COULD I HAVE BEEN!)To cut the rest short i ended up being told i cant now have the holiday period at all because of my new financial position basicly. (also my account now is in almost lock down)when Lloyds/tsb asked me about taking out this loan from them ,THEY SOLD me the lines" it comes with free holiday months ,so if,going on holiday,or decorating the home,a wedding or just short of money 1 month, ect: you ll have peace of mind knowing u dont have to worry about the loan repayment.so id just like to say "thanks a bunch" to all those Lloyds/tsb workers and their advertisers who mis sold me yet! another great failed product...!if there was an option for zero stars in ratings id give lloyds/tsb that because thats what it feels they gave me..

lloyds/tsb holiday repayment

Nothappy, West midlands
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

tried to use 1 of my holiday repayment months on a loan i took out with Lloyds/Tsb.(id just been made redundant from work after company going into insolvencey,so i wont be getting any money for a month or 2 from what im told, till things are sorted out.)the person on the phone asked me what reason i was asking for the months holiday i explained why,and said it would give me some time to sort another job out ect:. with out the worry of the money being in my account.she said ill transfere u to another department because they might be able to give you the 2 month holiday,*i thought thats even better*so i said ok.(HOW WRONG COULD I HAVE BEEN!)To cut the rest short i ended up being told i cant now have the holiday period at all because of my new financial position basicly. (also my account now is in almost lock down)when Lloyds/tsb asked me about taking out this loan from them ,THEY SOLD me the lines" it comes with free holiday months ,so if,going on holiday,or decorating the home,a wedding or just short of money 1 month, ect: you ll have peace of mind knowing u dont have to worry about the loan repayment.so id just like to say "thanks a bunch" to all those Lloyds/tsb workers and their advertisers who mis sold me yet! another great failed product...!if there was an option for zero stars in ratings id give lloyds/tsb that because thats what it feels they gave me..

Reply to this review

Help other borrowers - reply to this review





DO NOT TRUST THIS BANK!

Adone, Sunbury
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

lloyds tsb this people take your money with out thinking twice about people, they do not have any consideration to their clients whatsoever ....simply awful awful awful...try other places my advice, I had too many bad experiences with them but finally I moved on.

Reply to this review

Help other borrowers - reply to this review





Do NOT borrow money from this bank!!

Kamaren, Slough
1 year ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

I have been with this bank for 6 years , and I normally go to their branch to put money in and out , anyway in July 2012 just like any other time I went in to slough trading estate branch and they told me I can borrow some money , so I said ok sure , as i wanted to buy a new car so I asked what are the best deals you have? she told me that i can borrow 7500 monthly payment of 270 something fro 60 month and i knew i could pay back the amount by dec so she said i have to borrowed for atleast 6 month , so i asked if i pay of by jan how much interest will i be paying AS I DONT KNOW AND I DONT GET BANK STAFF APR OR WHATEVER PERCENTAGE THEY TELL ME , i am not english and i dont get things like bank money interest , thats why I asked straight forward how much money i pay by January so she told me 260 pound so i thought why not . I end up paying just over 1000 pound in 6 month I hate them and I have already made my brother and 6 more kurdish people cancel with them... I dont have any respect for banks like that. lloyds TSB are the biggest ripe off ever.. dont go there , and if you dont take my advice make sure you read the small print .. Lloyds what a wast of rubbish they r , useless , and I hope other people who bad experiences do tell and help other people out there who like me does not know how apr and interest works , like many old people in the uk dont know how they work .dear Lloyds TSB I hope one day your branches close down and people realise what you guys really are

Reply to this review

Help other borrowers - reply to this review





lloyds are useless

Chris p, Woodgreen
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Tried to get a £3000.00 loan today. i was accepted by other banks who i dont even bank with but when i called my own bank, they said they could not brrow me the cash. What a rubbish bank ! will be cancelling my accounts now and will urge my friends and family to do the same. llyods, why have a horse as ur logo. you should change it to a donkey instead.

Reply to this review

Help other borrowers - reply to this review





Made a bad situation worse

Mr gulliable, Upper idiot
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

After banking with them for over 30 years i knew they had lost the customer relationship and now i was just another bod to extract more money out of and they certainly did that!! I was in debt (my fault - not theres). So i went to see them to help me out as i had hidden my head in the sand for too long and i could see it was getting worse.
Ended up being TOLD i had to remortgage my house to the C&G who do their mortgages or else they couldnt help me. So like a fool i signed away for a new mortgage that was meant to free me of debt but in paying off my loan and debts i ended up in a situation where i couldnt afford the mortgage repayments as way too high. I did ask could i have a loan instead and told no because my credit rating was poor the only way was to remortgage.
So for 2 years now ive only been paying the interest on the mortgage as i had to change it as couldnt afford it. Can't change mortgages because the small print revelas they will fine me MASSIVELY if i change lenders for up to 7 years.
In short - don't get a loan with them and certainly do not go to them for advice to get out of debt or they'll just rail road you into a mortgage deal you cant afford.

Reply to this review

Help other borrowers - reply to this review





Terrible bank

Andrew, Nottingham
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

I have found that this bank will rip you off and charge you the earth in any way that they can. I am discusted with TSB.

Reply to this review

Help other borrowers - reply to this review





excellent

Mehdi, Manchester
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

excellent service i have ever exprienced.

Reply to this review

Help other borrowers - reply to this review





BORROWER BEWARE!!!

Sharon, Nottinghamshire
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

I have been TSB customer at the same branch for over 25 years and always had a good relationship with my bank. I made an appointment to enquire about a £5,000 loan to purchase a caravan, to be paid back over 2 years. The offer made was for me to borrow £5,000 and pay back £6,300 nearly 20% APR. I refused . A couple of days later whilst on TSB internet banking, out of curiosity I clicked on the loan icon and was amazed to find that at the click of the mouse I could have, in my account ,£5,000 to be paid back over 2 years and pay back a total of £5,490.48, at 9.5%. I felt as if the bank had attempted to rip me off, by not offering me their best deal. I had always thought that branch interviews were the best way to get the best out of your bank. The trust is gone. But on a brighter note I have my caravan!!!!!

Reply to this review

Help other borrowers - reply to this review





Tried to pull the wool over my eyes

Jenny, England
2 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

I've been trying to get a loan for a car for about 2 years, My bank phoned me up and made an appointment for me to see them about some account changes.
The man that deals with me is quite young, and I felt a little at ease as I'm a young girl and he was really laid back. He said that if I wanted a loan I could have it, I jumped at the chance. He asked me how much I wanted which was just £4,000 and I said I wanted the repayments to be made over a period of 4 years.
He then said that it would be a lot easier to up my loan to £5,000 as the car I was using the loan for wasn't brand new and if any repairs or problems arose then that extra grand would come in handy.
He then calculated the rate and told me how much I'd be paying a month, it was a really low amount and I immediately signed on the doted line.
When my documents arrived through the door, I learned that my loan was not for 4 years like I had asked but for 5years.. with a seriously high APR paying over £2500 interest back to my bank.
Safe to say I was within my 14 days cancellation period and I hadn't touched my loan. I booked an appointment with my adviser and cancelled the loan straight away. The laid back - nice man was no longer friendly and I found I had a frosty response. Where I was told that i'd be lucky to find a loan else where as my credit rating was so low and that my bank was doing me a favor.
I was then told on cancellation that I had to pay a fee of £20 because of the amount of days the money had been sitting in my account. But it doesn't say anything about a "fee" on your documents.
And as for my loan ;-) I went on a comparison site where I'm now paying £600 interest for over 3years, much less than I first expected to pay and a relatively low amount being taken back each month.
Thank you lloyds bank, but in future no thanks!

Reply to this review

Help other borrowers - reply to this review





Beware High Pressure Sellers!!

Louisa, Wales
3 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

I took a loan with Lloyds over five years, the rates were pretty good (so I shall call this 'the hook.')
I was pressured on a monthly basis to top the loan up after the first year, during the last four year period of the loan, the offers came in thick and fast.

I had an overdraft and a small debt on their credit card, never defaulted on anything.
Every time I visited the bank, the pressure was there, until I finally made them put a note on my account to leave me alone.

At last, all went quiet.

In the fifth and final year of the loan, the letters and calls begun again, "take a payment holiday", "top up your loan". It was never ending but each attempt fell on deaf ears and I kept them at arms length.

Then another phone call, "we would really like to bring your interest rate down on your credit card and see if we can get you a better a deal!"
So unfortunately for me I was intrigued, I did go to the appointment she arranged, sadly it was at a very low period of my life, and I sadly let them take advantage of that because I wasn’t thinking straight.

With TWO months left of the loan, although I still had the very manageable overdraft and the credit card debt.
I succumbed ….. Ended up signing up to another loan over SIX years with huge interest rates to consolidate the rest of the loan (two months) and just over 2,500 of debt and the lure of extra cash in my pocket, had just moved house which never comes cheaply.

After being a Lloyds Tsb customer for many years, I have written this review to say please BEWARE.

I am no pushover but add a bad set of circumstances we are all vulnerable.
They are vulchers, unbeknown to me their idea of getting the interest rate down on the credit card was to sell me another loan.

Whilst I did sign on the dotted line, I can only blame myself, but their pressure tactics are quite disgusting.
Fortunately I did not fall for the payment protection plan, although the sales assistant was fiercely adamant it would be great for me.

Again I can only reiterate please make your choice wisely and be on your guard at all times.

I do not do my main banking with Lloyds TSB ~ I just have many years of monthly loan repayments to make at a much higher inertest rate.

Reply to this review

Help other borrowers - reply to this review





do not deal with them

Jerant, London
3 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Lloyds Loan no joke i must have had this loan now for 7/8 years first time i did re-finance and that was helpful but they are still saying i owe on account now!! At 1 stage they were taking 2 payments from me a month and when i asked for it back was told it was there error but they didn't want to do anything about it. I have argue with them for so long i am fed up i now have 2 payments left on the loan and can't wait to close everything to do with lloyds. What a CRAP Bank to deal with they don't care about there customers. DO NOT DEAL WITH LLOYDS these companies are still makign profit through the recession we the general public are bailing them out and they still have the cheek to charge us stupid fee's!!!

Reply to this review

Help other borrowers - reply to this review





Don't forget to haggle

Pete, Bournemouth
3 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Initially they offered me a lousy APR, but after a little bit of haggling and pleading, they relented and gave me a much much better rate.

Reply to this review

Help other borrowers - reply to this review





Very disappointed

Althonsus, Belfast
3 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Terrible service from customer call centre- they want you to buy protection insurance, otherwise the loan gets referred - would recommend you look elsewhere and we've banked with them for 35years.

Reply to this review

Help other borrowers - reply to this review





Speedy payout

Faye
3 years ago

 
 
 
 
 
  price
 
 
 
 
 
  simplicity
 
 
 
 
 
  speed to payout

Lloyd's TSB loans are fair. The money is quick into your bank account. The only thing I don't like is the high interest rate and I have found it is harder to up your loan at a later date. I only applied for £1000 so this affected the APR but the speed of the application made choosing Lloyd's a good choice.

Reply to this review

Help other borrowers - reply to this review





Leave a review

Select your star ratings:

 Price
 Simplicity
 Speed to payout





Next Section
Loan Details
Read enough?
Visit lender's website

Loan Details

APR 12% - 20.2%
Representative APR 20.2%
Loan Amount £1,000 - £7,499
Repayment Period Minimum Term 1 year

Loans £1,000 - £7499 up to 7 years
Repayment Method Direct Debit
Speed To Payout Existing customers in branch - 30 minutes

Existing customers online - instantly if approved before 8:30pm
Arrangement Fee No Fee
Payment Holidays 2 payment holidays per year
Payout Method Transferred into your bank account
APR 12% - 20.2%
Representative APR 20.2%
Loan Amount £1,000 - £7,499
Repayment Period Minimum Term 1 year

Loans £1,000 - £7499 up to 7 years
Repayment Method Direct Debit
Speed To Payout Existing customers in branch - 30 minutes

Existing customers online - instantly if approved before 8:30pm
Arrangement Fee No Fee
Payment Holidays 2 payment holidays per year
Payout Method Transferred into your bank account
Representative Example
Representative example: based on £1000 over 12 months, monthly repayments of £91.94, total amount repayable £1,103.25. Representative APR 20.2%.

About Lloyds TSB Personal Small Loan

Lloyds loans are available only to Lloyds Account holders. You can apply for anything between £1,000 and £7,499. Lloyds offer repayment holidays on all of their personal loans, this is a great added feature that allows you to take a break from repayments if the money is needed elsewhere - bear in mind that interest still applies during this period. They decide how much they are able to lend to you based upon your current circumstance.

You can apply online or over the phone. If you are an existing customer and you apply in branch, the money can be paid out as quickly as 30 minutes after applying. If done online you may need to wait 24 hours. If you are approved, you will be asked to sign a loan agreement. Lloyds will only lend you as much as you can afford, this will be decided after they carry out a assessment of your circumstances. This does mean you will be credit checked and you may need to provide extra documentation such wage slips if necessary.

A standard £20 charge is issued on top of the charges you will receive for missing a Direct Debit though this can be expected with most of the main banks.

Next Section
Similar Loans
Read enough?
Visit lender's website

Similar Loans

My Community Bank

Rep.
19.9% APR

Representative 19.9% APR

Representative 19.9% APR

HSBC FlexiLoan

Rep.
17.9% APR

Representative 17.9% APR

Representative 17.9% APR

Smile

Rep.
19.9% APR

Representative 19.9% APR

Representative 19.9% APR

Cardiff and Vale Credit Union

Star RatingStar RatingStar RatingStar RatingStar Rating
Average Review

Rep.
21.7% APR

Representative 21.7% APR

Representative 21.7% APR

Ipswich & Suffolk Credit Union

Rep.
19.6% APR

Representative 19.6% APR

Representative 19.6% APR

1st Class Credit Union

Rep.
19.6% APR

Representative 19.6% APR

Representative 19.6% APR

Loading your results