Borrow more on your Personal Loan
How it works
If you choose to borrow more, you can either:
This combines your existing loan and new borrowing into a new loan with a single monthly repayment. This option also allows you to set a new repayment term, as long as it’s a year or longer. If you choose this option, your existing loan is automatically closed as part of the process.
Your new loan could be charged at a higher interest rate and your loan term could be longer. This means you could pay more interest overall. There may be a charge to settle your current loan early – but it won’t be more than 58 days’ interest and we’ll tell you how much it’ll be when you apply.
If you choose to combine your existing and new borrowing, you’ll need to take out at least an extra £1,000. The total of your new and existing loan can be up to £50,000.
If you want to combine more than one Lloyds Bank loan or want to consolidate other debts visit your nearest branch for more information or call us on 0330 123 3890. Lines are open 8am-10pm, 7 days a week.
You can borrow more by taking out an additional loan, up to a maximum of £50,000, which will run alongside your current loan. Each loan will have its own term and monthly repayment amount.
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 won't affect your credit score.
- If you go on to apply, you’ll get an instant loan decision online.
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).