Log on to Internet Banking to see how much you could borrow and if you’re likely to be approved. This won't affect your credit score. 3.9% APR Representative on a Personal Loan between £7,500 and £25,000 over 1 to 5 years.Log on to get a quote
The benefits of a Lloyds Bank Personal Loan
What can I use a loan for?
You can't 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.
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 don’t 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'll tell you how much you could borrow and if you're likely to be approved, before you apply. This quote won’t affect your credit score.
When you apply for a loan with us, we will conduct a credit check. This helps us understand whether you’re 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.
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.