Whether you’re after a loan for a new car, home improvements or to consolidate debt the first thing you probably want to know is just how much it’s going to cost you overall and what your monthly repayments would be.

If you have been thinking of taking out a TSB personal loan you can use the TSB loan calculator to garner a rough of idea of just how much your repayments would be by entering how much you wish to borrow and how long you would like the repayment term to be. However it is important to remember when using the tool that the TSB loan calculator can only give you an estimate, if you decide to proceed and apply for a loan with a lender the Annual Percentage Rate you are offered will be influenced by your personal financial circumstances including; your credit score, how much you earn and if you have any existing credit commitments.

TSB Personal Loan information:

Getting the best deal

Whatever the reason you are interested in taking out a loan no matter how big or small it’s important to try and get the best loan for your purpose, remember that TSB is just one lender of many. Personal loans like most financial products can vary greatly in APR as well as terms and conditions between different plans and lenders, this means that the right loan for one person is not necessarily the right one for everyone else, this makes shopping around before you commit to any plan wise.

You can use the loan calculator on this site to search over 200 different loans from over 20 lenders to see what options are available.

Before you take out a loan

Before you take out a loan make sure it’s the right option for you. Consider alternatives before you apply, for example; if you have any savings it might be beneficial to use these instead as it may be that the interest you pay on a loan will be higher than any interest you earn from your savings.

There are other types of borrowing than personal and homeowner loans such as authorised overdrafts and credit cards you might wish to consider.

Also if you are thinking of taking out a loan to consolidate debt understand that spreading your payments over a longer term could mean you ultimately pay more than you would with your existing arrangements, even if the interest rate on the new loan is less than the rates you have at the moment.