Lloyds TSB offers increased overdraft to help students
28 September 2009 By MoneyHighStreet Staff 1 Comment
Lloyds TSB is helping first year students starting University this autumn affected by the delay in processing of grants and loans by offering an increase in their overdraft limits.
It is offering those first year students who already have a Lloyd TSB student account the option to apply to increase their interest free planned overdraft up to £1,000.
Students can apply by going into a Lloyds TSB branch, discussing their needs and providing evidence that they have applied for a loan from the Student Loans Company.
Basically the change allows the students to immediately draw on their overdraft facility rather than wait until months 7-9 when they could normally apply to extend their limit from an initial £500 to £1,000.
Catherine McGrath of Lloyds TSB comments ‘We are very conscious that these delays are causing considerable concern to our affected student account holders and we are keen to be as flexible as possible to help freshers that could otherwise really struggle.’
Has lloyds no honest Fiduciary responsibility towards the long suffering Pension Fund holders and the tremendous loss to the small savers and investors in lloyds that are facing terrible losses due to the HBOS abomination.
Giving away basically interest free loans to students…at our……the shareholders expense
Come on Lloyds…get some values
Furthermore….what are you teaching these students .????