Borrow more on your Personal Loan

Looking to borrow more? You could replace your current loan or take out a second loan.

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

Can I borrow more?

You’ll need to meet our lending criteria and  need to have a Lloyds Bank Loan in your name only.

We can’t accept an application to borrow more if the existing loan is a loan in joint names. 

Just be aware, there are things you can't use a loan forPay 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.

Getting a quote won’t affect your credit score.

Apply now

What can I use a loan for?

You can use a loan for things such as:

How much can I borrow?

  • You can ask to borrow between £1,000 and £50,000 on top of your existing loan with us, up to a maximum of £50,000.
  • Select a repayment term between 1 and 7 years.
  • The decision to lend and the rate offered is based on our assessment of your personal circumstances.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £238.03. Total amount repayable will be £11,425.44. Representative 6.9% APR, fixed annual interest rate 6.69%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. We offer other loan amounts and terms at different rates. The maximum APR is 29.9% APR.

Is a personal loan the right option for you?

When borrowing money, you need to make the right choice for you and your circumstances. Other borrowing options may be more suitable.

Other borrowing options

How it works

If you’d like to borrow more, you have two options.

Option 1 - Replace your current loan with us for a new loan

You can combine an existing loan and new borrowing into one manageable loan. 

How combining the loans works:  

  • Request a loan amount from £1,000 up to a maximum of £50,000.
  • Select a repayment term between 1 – 7 years. 
  • We’ll automatically close your old loan as part of the application process.
  • We’ll move any outstanding balance to the new loan. 
  • We’ll set up a Direct Debit for the new monthly payment. 
Apply now

Option 2 - Apply for another loan

You can borrow more by taking out a completely new loan. 

How it works:  

  • Request a new loan amount from £1,000 up to a maximum of £50,000. 
  • Select a repayment term from 1 – 7 years. 
  • The new loan will run alongside your current loan. 
  • Each loan will have its own term and monthly repayment amount.
     
Apply now

Things to consider

Deciding how much to borrow - Will you be able to afford to pay the loan back if your circumstances change?

Your new loan could be charged at a higher interest rate over the new loan term you’ve selected. This means you could pay more interest overall. 

There may be an early settlement charge when you close your existing loan. It won’t be more than 58 days’ interest. We’ll tell you how much will be charged when you apply for the new loan.

Visit us in branch or give us a call to discuss your needs.

Good to know

If approved, the money could be in your account the same day, 9am-8.30pm, or before 9am the next working day.

Repayment Holidays - apply to take up to two non-consecutive repayment holidays of one month each in a rolling 12-month period (subject to approval).  

You’ll need to have made at least one repayment towards your loan, and have a Direct Debit in place before you can apply.

You won’t need to make your usual repayment during your repayment holiday, but we’ll still charge daily interest on your loan balance.

This means that you’ll pay more overall and it will extend your loan’s original term.

Make extra payments with no extra charges.

Pay off your loan early if you want. We may charge up to 58 days' interest for early settlement.

Get a quote to borrow more on your personal loan

Tell us how much you want to borrow and over how long to get a quote. This won't affect your credit score.

If you go on to apply, you’ll get a loan decision online.

 

It's simple in the app

Scan the QR code to get it.

You must be registered for online banking to apply in the app.

Once you're in, select Apply, Loans and Car finance, then Loan calculator.

Or you can register on our website.

Already bank online?

We'll take you to the right place to get started.

Log in to get a quote

It's simple in the app

You must be registered for online banking to apply in the app.

Once you're in, select Apply, Loans and Car finance, then Loan calculator.

Get the app

Or you can register on our website.

Already bank online?

We'll take you to the right place to get started.

Log in to get a quote

More about loans

What is a personal loan?

Secured vs unsecured loans

Choosing the right way to borrow

Related products

Help and guidance 

Other borrowing options

Manage your existing loan

Money worries

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