Your Credit Score
Thinking about applying for credit? Check Your Credit Score for free, with no impact on your credit file.
Personal Loan
6.7% APR representative for a loan between £7,500 and £25,000 over 1 to 5 years.
Log on to get a quoteHow much we lend and the rate available are depending on our assessment of your circumstances. You must be aged 18 or over and a UK resident. You must have had a Lloyds Bank current account for at least 1 month.
What you can use your loan for
Offering you flexibility
Once your loan is approved, the money could be in your account the same day, 9am-8.30pm, or before 9am the next day.
Repayment holidays - you can apply for up to two repayment holidays of 1 month in a rolling 12-month period, depending on approval.
Make extra payments with no extra charges.
Pay off your loan early if you want. Just be aware, we could charge up to 58 days' interest for early settlement, but you are still likely to save on interest repayment overall.
Frequently asked questions
-
A personal loan is an amount of money you borrow from a lender to pay for a large expense, such as a car or home improvements. You then pay the loan back monthly, over an agreed period. With Lloyds Bank, you can select to pay the loan back between 1-7 years.
When taking out a loan, there’s a cost to borrow the money – this is called interest. The amount of interest you pay is depends on factors such as, the loan amount, repayment term, and your personal circumstances. Interest is calculated with 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. We will tell you how much you can borrow and how likely you’ll be approved for a loan, 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 can pay the loan back. This credit check will impact your credit history report and may affect your credit score.
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.