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Car Finance Plus or a personal loan

Compare our car finance options to a personal loan to make sure you’re going down the right road.

Car Finance Plus

With car finance the loan is secured against the car, and we pay the dealer directly.

  • Two types to choose from – Fixed Car Finance (hire purchase) and Flex Car Finance (personal contract purchase)
  • Borrow from £3,000 to £60,000
  • Repayment term from 1 to 5 years
  • No early repayment charges
  • Obtain a quote with no credit searches
  • Manage everything online
  • You can’t sell the car until the finance is paid off
  • If you don’t keep up with the repayments, your car may be at risk

Good if:

  • you want the car without paying upfront – with Fixed Car Finance, you’ll own it after the last repayment
  • you like to change cars often – with Flex Car Finance, you can pay a lump sum to own the car, or just return it (return conditions apply)
  • you want extra peace of mind – we’ll work with you and the dealer to help settle any disputes

Compare finance options

Log on for a quote

Personal loan

You receive the money yourself and you can use it to buy the car and own it from the start.

  • Borrow from £1,000 to £50,000
  • Repayment term from 1 to 7 years
  • No early repayment charges
  • Apply for up to two repayment holidays
  • Manage everything online
  • We’ll check your credit score when you apply
  • The amount you can borrow depends on your circumstances

Good if:

  • you want a loan which isn’t just for the car
  • you want to own the car from the start
  • you’re buying from a private seller

Compare our loans

Calculate your repayments

You can apply if you’re:

  • an existing Lloyds Bank main Personal Current Account holder (minimum 3 months)
  • registered for Internet Banking
  • aged 18 or over
  • a UK resident.

Lending is subject to status and additional affordability checks.

Existing customers

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