Car loans
Whether you are buying new or used, a car loan can help you spread the payments.

Why choose Lloyds Bank?
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.
Frequently asked questions
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A car loan is a personal loan that you can use to buy a car.
Before applying for a car loan, we’d recommend finding the car you’d like to buy first so you know how much you’ll need to borrow.
Once you know how much you want to borrow, you can use our loan calculator to get an idea of what your monthly repayments may look like. You can also get a personalised quote by logging onto Internet Banking. In most cases, we'll tell you how much you could borrow and if you're likely to be approved, before you apply.
If your loan is approved, you could have the money in your account the same day. You can then pay the car dealership or private seller in full and pay back the loan to us as per the agreed terms.
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When buying a car with the help of Lloyds Bank, you have three options to choose from – a personal loan, Personal Contract Purchase (PCP) or Hire Purchase (HP).
Compare your options or learn more about the ways you can pay for a car.
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A car loan is a personal loan, so you don’t have to use it to buy a car. Once the money is in your account, you can use it for just about anything, although there are some restrictions. We can’t issue loans intended for:
- Any illegal activity.
- Speculative purchases, e.g. gambling, investments and share purchases.
- Business related purposes.
- The purchase or lease of land or property, either in full or in part. This includes deposits.
- Timeshares/holiday clubs.
These limits apply whether you want to borrow money for yourself, or to support someone else. For example, you can't take out a loan and give those funds to a family member as a deposit for a house.
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Getting a personalised quote with us does not use a credit check or affect your credit score.
When you apply for a car loan, we will perform a credit check. This is to help us understand how likely you are to pay the loan back. Learn more about how credit checks work.
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.