If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us. You can use our coronavirus support tool to find the right solution for your needs and confirm what you would like to do in a few simple steps.


Loan for buying a car

Discover the benefits of a car loan

Discover if a car loan could help you take home your first car, trade up to a better model or invest in the classic vehicle of your dreams. 

If you are thinking about buying a car with a car loan, a Lloyds Bank Personal Loan could offer you the flexibility you need.

With a Personal Loan, you can buy your car upfront from your choice of dealer or private seller, which means you’re free to modify or sell your vehicle if you wish. You can also choose how long you borrow the money for, so payments fit your budget.

Personal Loan features and benefits

  • You could receive a rate of 3.9% APR RepresentativeAPRAPR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. We will tell you the APR for your loan or credit card before you sign an agreement. if you borrow £7,500 – £25,000 over one to five years. Note: the maximum APR you could be offered is 29.9% APR depending on your circumstances.
  • You could choose to borrow from £1,000 – £35,000 over one to seven years; different rates apply.
  • You can manage your loan via Internet Banking, in our Mobile App, in branch or over the phone.
  • You’ll receive an instant decision on your online loan application.Credit ScoreYour history with credit is summarised into your credit score. Having a long history of paying your loans, bills and credit cards on time means you’re more likely to have a high credit score. Missing payments or defaulting on loans, borrowing and bills is likely to result in a lower score. When you apply for a loan or credit card, the financial institution will look at your credit score to see how risky the deal would be for them. They use this information to help decide whether to offer you credit, and if so, what kind of interest rate and terms you'll receive.
  • Flexibility on how you pay, as you can make additional payments without penalty.
  • You can apply for up to two payment holidays, of one month, in a rolling 12-month period, subject to approval.

Keep in mind

  • Our Personal Loans are only available online to existing Lloyds Bank customers who have held a Current Account for at least one month. Or, if you have a credit card, mortgage or existing loan with us you can apply over the phone.
  • How much we lend and the rate available are subject to our assessment of your personal circumstances.
  • Payment holidays are available if you meet certain conditions. This would mean interest is charged for a longer period, so you'll pay more over the term of the loan.
  • If you settle the Personal Loan early, we will charge up to 58 days' interest.
  • If you’re looking to borrow money, it’s important that you make the right choice for your circumstances. Other borrowing options may be suitable for your needs.
  • We will not offer a loan for any of these reasons.

When you review your budget, you’ll need to consider other costs associated with owning a car. These can include insurance, servicing, MOT, fuel and breakdown cover. 

You’ll also need to decide if you want to buy a new or a used car. Read our helpful tips on buying your next car with our Car Buyers’ Guides

We want you to find a product that’s right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

If a Personal Loan is not right for you then it’s still worth considering other types of finance. Hire Purchase or a Personal Contract Purchase are two other options we offer.

If a Personal Loan is not right for you then it’s still worth considering other types of finance. Hire Purchase or a Personal Contract Purchase are two other options we offer.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. Total amount repayable will be £10,801.92. Representative 3.9% APR, annual interest rate (fixed) 3.83%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. If you qualify for a loan we'll tell you the rate that applies when you get your personalised quote. The maximum APR you could be offered is 29.9% APR. Lending is subject to status and additional affordability checks.

Loan calculator

Use our handy loan calculator to work out how much your loan payments could be.

Whilst this calculator will give an indication of monthly payments and APR, you can find out your personalised rate by logging in to Internet Banking.

Apply for a loan

To apply for a Lloyds Bank loan, you must be over 18 years old and a UK resident.You must have held a Lloyds Bank Current Account for a minimum of one month. Or, if you have a credit card, mortgage or existing loan with us you can apply over the phone.

Apply online

With our Personal Loan you can get a personalised quote and decision in minutes, with no impact on your credit rating. If you take out a Personal Loan, a record of this will be made with credit reference agencies.

Log on to get a quote

Apply over the phone

If you have a Lloyds Bank Current Account, call us on 0330 123 3890Call 0330 123 3890  to apply for a loan over the phone.

Or if you have a credit card, mortgage or existing loan with us, call us on 0330 123 4715Call 0330 123 4715..

Lines are open 8am–10pm seven days a week.

Apply in branch

You can also visit your local branch where our colleagues will be happy to help you apply for a loan.

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.