Lloyds TSB supports acceptance afflicted by loans delays

Lloyds TSB has appear that it would action its apprentice anniversary holders, starting University this autumn, an access to their interest-free defalcation while the Student Loans Company processes a balance of applications for grants and loans. To advice afflicted aboriginal year acceptance administer their money, Lloyds TSB apprentice anniversary holders who accept an absolute accord with the bank, will be able to administer to extend their absorption chargeless planned defalcation up to ?1,000. To apply, acceptance will artlessly charge to go into any Lloyds TSB annex to altercate their defalcation needs and accommodate affirmation that they accept activated for a accommodation from the Student Loans Company. Currently, Lloyds TSB apprentice anniversary holders can administer for a tiered interest-free defalcation of ?500 in the aboriginal six months, up to ?1,000 in months seven to nine and again up to a best of ?1,500 by the end of the year. This move agency that acceptance will anon be able to draw on the alms they would accept been able to administer for in months seven to nine. Catherine McGrath, Director of Current Accounts, Lloyds TSB: "We are actual acquainted that these delays are causing ample affair to our afflicted apprentice anniversary holders and we are agog to be as adjustable as accessible to advice freshers that could contrarily absolutely struggle. "We achievement that by accouterment the befalling to extend their overdraft, we will advice to affluence the anguish of those who charge allotment the most." In accession to the continued overdraft, The Lloyds TSB Student Account offers added allowances to advice acceptance amplitude their money added including a chargeless NUS Extra card, one year's chargeless YHA membership, abundant discounts if acquirements to drive with the AA, and 35 chargeless music downloads from eMusic. * Subject to appliance and approval. -ends- About Lloyds TSB: Lloyds TSB offers barter a advanced ambit of accepted accounts, accumulation accounts, insurance, claimed loans and acclaim cards, investment and banknote ISA accounts advised to accommodated altered customers' needs. Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and adapted by the Financial Services Authority and signatories to the Banking Codes. Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. For added information: Amy Mankelow Media Relations Manager Lloyds TSB Press Office 25 Gresham Street London EC2V 7HN 020 7356 1497 www.lloydstsb.com