Paying back student overdraft - Lloyds TSB

[unclebob123]

Does anyone know what the deal is with paying back the student over draft from a lloyds TSB account.

Presumably the ratchet the amount down year on year. When does this start and by how much each year?

I did have a Google, but my skills failed me.

Thanks

Edit - I would call them, but I'm currently abraod

 

[redeye_uk]

I had a student account with lloyds tsb. My Interest free OD limit was £2500 by the time I graduated.

After graduating it would drop by increments of ~£250 each year (they send letters well in advance). And then after 3 years they convert your student account into a 'normal' one. So your OD will no longer be interest free.

Get it paid off asap

 

[unclebob123]

OK, thanks. Just the information I was looking for.

My overdraft is also 2500.