The benefits of a Lloyds Bank Personal Loan

Tailored to you

  1. Decide how much you’d like to borrow.  We offer Personal Loans of between £1,000 and £35,000.
  2. Choose a repayment term. You can take a Personal Loan for between 1 and 7 years. Just bear in mind the longer you borrow, the more interest you will pay overall.
  3. Get a personalised rate. We will offer you an interest rate based on our review of your personal circumstances. This is fixed for the duration of your loan, making it easy to track the cost of borrowing.

Offering you flexibility

  • Repayment holidays - you can apply for up to two repayment holidays per year, subject to approval.
  • Make additional payments with no extra charge.
  • Or pay off your loan early - just be aware, we will charge up to 58 days' interest for early settlement.


Quick and easy

  • Get a quote - just log on to Internet Banking for a personalised quote. This won't affect your credit score.
  • What's in the quote - in most cases we'll tell you how much you could borrow and if you're likely to be approved, all before you apply.
  • Receive your money quickly - and into your bank if you apply and are approved between 9am - 8:30pm, or before 9am the next working day.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. Total amount repayable will be £10,801.92. Representative 3.9% APR, annual interest rate (fixed) 3.83%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.

What can I use a loan for?

  • Buying a car - if you want to use a loan to buy a car, a Lloyds Bank Personal Loan could give you the flexibility you need.
  • Combine your debts - bringing all of your existing borrowing together could make things easier to manage. A good way to take control of your finances.
  • Improve your home - a growing family or tired-looking home does not mean you have to move. A loan could help you set new plans in motion. 
  • Getting married - a loan could help cover the costs of your wedding and make your dream day a reality.
  • Going on holiday - a loan could help spread the cost of your holiday or travel plans.
  • You cannot use a loan to pay for:

    • Speculative purchases, for example: gambling, investments and share purchases
    • Any illegal purposes
    • Business related purposes
    • Purchase/Lease of land or property, either full or part purchase (including deposit)
    • Timeshares/Holiday Clubs

Can I apply?

To apply for a Personal Loan, you need to:

  • be aged 18 or older.
  • be a UK resident (excluding the Channel Islands and the Isle of Man).
  • have held a Lloyds Bank current account for at least one month.
  • be in paid employment or have a regular income, and are not a full-time student.
  • have a good credit score, with no history of bad credit, such as County Court Judgements (CCJs) or bankruptcy.

Get a quote in minutes

Log on to Internet Banking to get a personalised quote.

  • Tell us how much you want to borrow and over how long to get a quote in minutes.
  • This will not affect your credit score.
  • If you go on to apply, you will get an instant loan decision online.
Log on to get a quote

Paying it back - what you need to know

  • Managing your loan - it is easy to keep track of your loan using Internet Banking or the Mobile Banking app, but you can also phone us or visit us in branch.
  • Repayment holidays - you can apply for up to two repayment holidays per year, subject to approval. Just be aware, interest will still be charged so you will pay more overall, and your loan term will be extended.
  • Fixed repayments – each month your repayment will be collected by Direct Debit from the bank account you have selected.

Other ways to apply

Apply in branch – our local branch will be happy to help you apply for a loan.

Find your nearest branch

Apply over the phone – if you have a:  

Speak to an adviser 8am-10pm, every day.

Coronavirus (COVID-19) support

We are with you during this crisis. If your income has been affected by coronavirus, we’re here to support you.

Frequently asked questions

  • A personal loan is an amount of money you borrow from a lender in order to pay for a large expense, such as a car or home improvements. You then pay the loan back on a monthly basis, over an agreed period of time. With Lloyds Bank, you can choose to pay the loan back between 1 and 7 years.

    When taking out a loan, you will pay an additional cost to borrow the money – this is called interest. The amount of interest you pay is based on a number of factors, such as the loan amount, how long you want to borrow the loan, and an assessment of your personal circumstances. This interest is added to your monthly repayments so you do not have to pay it back in one go.


  • Before you apply for a loan with Lloyds Bank, you can get a personalised quote where in most cases, we will tell you how much you could borrow and if you are likely to be approved, before you apply. This quote will not affect your credit score.

    When you apply for a loan with us, we will conduct a credit check. This helps us understand whether you are able to pay the loan back. This credit check will be added to your credit history report and therefore may affect your credit score. However, the impact on your credit score will depend on your past credit history and personal circumstances. For example, if you have applied for credit several times within a short space of time, this may have a negative effect on your score. Missing repayments may also have negative impact on your credit score.


  • APR stands for annual percentage rate. It shows you how much it will cost you to take out a loan as a percentage. The APR is made up both loan interest and loan fees.

    The APR helps when you’re comparing loan rates from different lenders.


Set up the Mobile Banking app

Join over 6 million of our customers who already use the app.

  • It is fast, simple and secure.
  • Get access to app exclusive features like changing your address.
  • Log on using fingerprint or Face ID with a compatible device.

Making sure you get a fair deal

We want you 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.

Please note: Our Mobile Banking app is supported by devices running iOS or Android. The app is not compatible with some older versions of the operating systems –check the App Store or Google Play for more details.

If your phone has been subjected to unauthorised modifications (e.g. jailbroken or rooted) the app will not be compatible with your device.

Android/Google Play is a trademark of Google Inc. Apple, the Apple logo, Touch ID and Face ID are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

It may be unlawful to use some Internet and Mobile Banking services in some countries. Please check before you travel. Services may be affected by phone signal and functionality.

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).

How much we lend and the rate available are subject to our assessment of your circumstances. You must be 18 years of age or over and a UK resident. You must have had a Lloyds Bank current account for at least one month.