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Flexible Loan

The loan that puts you in control

Features and benefits

  • Wide range of borrowing options: choose to borrow £1,000 – £25,000 over one to seven years.
  • You could receive a rate as low as 4.9% APR RepresentativeCloseAPRAPR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. We will tell you the APR for your loan or credit card before you sign an agreement.Glossary if you borrow £7,500 – £25,000 over one to five years.
  • You have flexible repayment options, so you can make additional payments whenever you want, and pay off your loan early with no charge.
  • Instant money in your account. Apply online to have funds immediately transferred to your bank account between 9am–8:30pm, or before 9am the following day.
  • Get a personalised quote with no credit footprintCloseCredit footprintYour history with credit is summarised into your credit rating. Having a long history of paying your loans, bills and credit cards on time means you’ll have a high credit rating. Missing payments or defaulting on loans, borrowing and bills results in a lower score. When you apply for a loan or credit card, the financial institution will look at your credit rating to see how risky the deal would be for them. They use this information to help decide whether to offer you credit, and if so, what kind of interest rate and terms you'll receive.Glossary.
  • You have the option to apply for up to two repayment holidays a year, subject to approval.
  • You can also get a loan and apply if you have a credit card, mortgage or loan with Lloyds Bank. Call us on 0800 068 1191 to find out more (8am–10pm Mon–Sun).

Keep in mind

  • Our loans are available online to Lloyds Bank current account holders who've had their account for at least three months.
  • How much we lend and the rate available are subject to our assessment of your circumstances.
  • There's no early settlement adjustmentCloseEarly settlement adjustmentYou can fully or partly repay your loan at any time during the repayment period. If you choose to settle your loan before it’s completed its full term some of our loans may charge an early settlement adjustment. If you have taken out a Flexible Loan you agree to repay the capital plus the interest as it accrues. If you pay off your loan in full before the end of the agreed term, we'll calculate what you owe us at the time which will include capital plus interest accrued but no additional charge. If you’ve taken out any of our other loans, the amount you agree to repay includes interest that is charged to the end of the loan term. If you make an early settlement we'll reduce the charge for credit you have agreed to pay us which means you wouldn’t have to pay all of the interest. This reduction may be adjusted by up to 58 days’ interest - this is the early settlement adjustment.Glossary on the Flexible Loan, but there may be on other loans.
  • Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a repayment holiday, so you'll pay more interest overall and your original term will be extended.

Loan Calculator

How much would you like to borrow?

£

Surprises come in all shapes and sizes. From an unexpected expense to a new opportunity, there are times when you might need quick access to funds. Our Flexible Loan could help you get the money you need, when you need it most.

Our Flexible Loan comes with a variety of options to help meet your needs. You can manage your loan online with Internet Banking, where you can make additional payments, pay off your loan early, check your transactions and statements, change your details, and apply for a repayment holiday. Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a repayment holiday, so you'll pay more interest overall and your original term will be extended.

Our responsibilities to you

We’ll never encourage you to borrow more than you can afford. To help you get it right, we have lots of help and guidance.

Important information

The factors we consider when setting a Flexible Loan rate include:

  • your credit repayment history
  • past account history
  • other personal details held on our records

Online

If you're registered for Internet Banking, you can get a personalised quote and a decision online in just five minutes.

Log on to apply

If you're not registered for Internet Banking, you can still apply online. It'll take about ten minutes and is completely secure.

Get a quote and apply

By phone

Call us on

0800 096 1356Call telephone number 0800 096 1356

Lines are open 8am–10pm seven days a week

If you have a credit card, mortgage or loan with Lloyds Bank, call us on

0800 068 1191

Lines are open 8am–10pm seven days a week

In branch

Pop into your local branch and we'll be happy to help. We'll usually be able to give you an answer and transfer the money into your account that same day.

Find your nearest branch

Apply for a Flexible Loan

To apply for a Flexible Loan online you must be over 18 years old and a UK resident. How much we lend and the rate available are subject to our assessment of your circumstances.

Registered for Internet Banking?

You can get a personalised quote and decision in minutes with no credit footprint.

Log on

Not registered for Internet Banking?

You can still apply online. It’ll take about ten minutes and is completely secure.

Get a quote