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 depends on our assessment of your circumstances. You must be aged 18 or over and a UK resident. 

What you need to know

Who can apply?

You’ll need to meet our lending criteria and have a Lloyds, Halifax or Bank of Scotland loan in your name. We can’t accept an application to borrow more if the existing loan is in joint names. 

To apply you need to:

  • be aged 18 or older
  • be a UK resident, not including Channel Islands and the Isle of Man
  • 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.

What can a loan be used for?

You can use a loan for things such as:

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..

How much can you borrow?

  • If you hold a Lloyds, Halifax or Bank of Scotland current account for at least 1 month, you can ask to borrow between £1,000 and £50,000.
  • If you don't have a Lloyds, Halifax or Bank of Scotland current account, you can borrow an additional amount between £1,000 and £35,000.
  • Select a repayment term between 1 and 7 years.

Start your loan quote to take out an additional loan.

You might like to explore other borrowing options to help you manage your expenses, depending on your individual needs.

Start your loan quote

Before you apply, you can find out if you're pre-approved for a Lloyds personal loan. Answer a couple of questions so we can find the right options for you.

Select the option that applies to you and we'll guide you through the next steps.

Do you have a Lloyds, Halifax or Bank of Scotland current account?

Are you registered for online banking?

Go back

Get your personalised quote

You could borrow between £1,000 and £50,000 over 1 to 7 years. Log in to online banking, answer a few questions and get a quote in minutes.

  • If you’re looking to re-finance your loan, log in to begin.
  • 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. 

It won’t affect your credit score.

If your loan application is approved, between 9am and 8.30pm, you could get the money in your account within 2 hours.

In some cases it may take a bit longer but no more than 3 working days. 

 

Log in to get your quote

 

Go back

See if a personal loan is right for you

 

You could borrow between £1,000 and £35,000 over 1 to 7 years. Answer a few questions to get your personalised rate in minutes.

  • The new loan will run alongside your current loan.
  • Each loan will have its own term and monthly repayment amount.

It won’t affect your credit score.

If your loan application is approved, between 9am and 8.30pm, you could get the money in your account within 2 hours.

In some cases it may take a bit longer but no more than 3 working days.

 

Get started

 

Go back

See if a personal loan is right for you

 

You could borrow between £1,000 and £35,000 over 1 to 7 years. Answer a few questions to get your personalised rate in minutes.

  • The new loan will run alongside your current loan.
  • Each loan will have its own term and monthly repayment amount.

It won’t affect your credit score.

If your loan application is approved, between 9am and 8.30pm, you could get the money in your account within 2 hours.

In some cases it may take a bit longer but no more than 3 working days.

 

Get started

 

Go back

Representative example

Based on a loan amount of £10,000 over 48 months:

Representative APR:
7.4% APR

Interest rate (fixed):
7.16% per annum

You would make 48 monthly repayments of £240.21. The total amount repayable would be £11,530.08.

This representative APRThe representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range. applies to loans from £7,500 to £25,000 over 1 to 5 years. We offer other loan amounts and terms, with rates from 6.0% APR. Subject to status. The maximum APR is 29.9% APR.

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:  

  • If you hold a Lloyds, Halifax or Bank of Scotland current account for at least 1 month, you could borrow between £1,000 and £50,000.
  • If you aren’t an existing Lloyds, Halifax or Bank of Scotland customer, you could still borrow up to £35,000.
  • 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:  

  • If you hold a Lloyds, Halifax or Bank of Scotland current account for at least 1 month, you could borrow between £1,000 and £50,000.
  • If you aren’t an existing Lloyds, Halifax or Bank of Scotland customer, you could still borrow up to £35,000.
  • 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

Decide how much to borrow

Before borrowing more, consider whether you’d be able to afford repayments if your circumstances changed.

Overall costs

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. 

Early settlement charges

If you're closing an existing loan, you could be charged up to 58 days' interest for early settlement.

Why borrow more with Lloyds?

Money when you need it

If your loan application is approved, between 9am and 8.30pm, you could get the money in your account within 2 hours.

Make extra payments

Make extra payments whenever you like to help reduce your loan term and overall borrowing costs. You can also repay your loan in full early if you choose.

We won't charge for extra payments, although early settlement may include up to 58 days' interest.

Repayment holidays

Subject to approval, you can apply for up to 2 repayment holidays of 1 month each, provided they are not taken back‑to‑back, within a rolling 12-month period.

Just be aware that daily interest will still be charged and your loan term will be extended, which will increase your overall borrowing costs.

Manage your loan online

Stay on top of your loan through online banking or the Lloyds app.
 
  • Check your loan transactions
  • Make extra payments 
  • Get early settlement quotes
  • Request a repayment holiday

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

If you're a new customer, start your loan 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

If you're a new customer, start your loan quote

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