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Take your next step with a Personal Loan from Lloyds Bank
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 Personal Loan could help you get the money you need, when you need it most.
Features and benefits
- We offer an instant online decision on your loan application
- Get a personalised quote when you apply, 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.
- You have flexible repayment options, so you can make additional payments whenever you want to with no charge
- You have the option to apply for up to two repayment holidays a year, subject to approval
- 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
- Our Personal Loan is available to manage online, in branch or over the phone.
Keep in mind
- If you have a credit card, mortgage or existing loan with us you can apply over the phone
- How much we lend and the rate available are subject to our assessment of your circumstances
- If you make an early settlementCloseEarly settlementYou 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’ve 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 including the Personal Loan, the amount you agree to repay include the 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 don’t have to pay all the interest. This reduction may be adjusted by up to 58 days’ interest – this is the early settlement adjustment. on the Personal Loan, we will charge up to 58 days' interest
- 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
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If you miss a monthly repayment, your loan will be transferred to our Collections department and we will charge you £25. If you continue to break the agreement you may be subject to further charges.
Your personal rate will depend on the loan amount and term you request and your personal circumstances. In order to get your personal rate, please log in to Internet Banking or select the “Get your personal quote” option.
APR illustrative
For the amount and term selected the majority of customers are expected to receive the APR illustrative rate or lower.
For loan terms more than 5 years log in to get a personalised quotation - it will only take a minute and there's no credit footprint.
Our loans are available to Lloyds Bank current account holders who have had an account for at least one month.
If you are applying online, the funds will be transferred to your bank account immediately between the hours of 9:00am and 8:30pm, or before 9am the following day outside these times.
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 Personal Loan could help you get the money you need, when you need it most.
The Personal 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 (if you make an early settlement we will charge up to 58 days' interest)
- Check your transactions and statements
- Change your details
- Apply for a repayment holiday (available if you meet certain conditions. Interest will continue to 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 your Personal Loan rate include:
- Your credit repayment history
- Past account history
- Other personal details held on our records.
View an example of our Personal Loan Agreement (PDF).
Apply online
Log on to Internet Banking to get a personalised quote and a decision online in just five minutes.
Not registered for Internet Banking yet? Register now
Apply in branch
Our local branch will be happy to help you apply for a Loan. We'll usually be able to give you an answer and transfer the money into your account the same day.
Apply over the phone
If you hold a Lloyds Bank Current Account, call us on 0330 123 3890.
If you have a credit card, mortgage or existing loan with us, call us on 0330 123 4715.
Lines are open 8am–10pm seven days a week.
Need to borrow more money?
- If you already have a Lloyds Bank loan, you may be able to borrow more from us.
- Apply for a separate loan or combine your existing loan with a new loan
- If you additionally borrow £7,500 - £25,000 over one to five years, you could receive a rate as low as 3.9% APR Representativetooltip close button. Please press escape key to close the tooltipTooltipAPRAPR 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. with the Personal Loan
- If you choose to combine your existing and new borrowing, you must take out at least an extra £1,000. The total of your new and existing loan must not exceed £50,000.
We'll never encourage you to borrow more than you can afford. We have lots of advice and guidance to help you get it right.
If you’re looking to borrow money, it’s important that you make the right choice for your circumstances. Other borrowing options may be suitable for your needs.
How much we lend and the rate available are subject to our assessment of your circumstances.
We can help you manage your loan
If you’re registered for Internet Banking, you can view transactions or pay off your loan early.
It only takes a few minutes to register for Internet Banking, and you can log on as soon as you’re finished.
Register for Internet BankingRegister for Internet Banking
Having problems meeting your repayments?
If you’re having temporary or long-term financial difficulties and paying off your loan is a struggle, it’s always better to let us know, as we’ll do everything we can to help.
Call us on 0800 389 8766
Available 8am - 9pm Mon - Fri, 9am - 5pm Sat.
Or pop into any of our branches.
If you already have a loan with us, we have a range of options and tools to help you manage it.
Making sure you get a fair deal
We want to find a product that’s right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.
To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender and you the borrower.