Taking control of your borrowing could be more straightforward than you think. By bringing it all together into one Personal Loan we could help you on the way to becoming debt-free with:
Applying for a Personal Loan online is easy. But you’re not alone – if you’d prefer some guidance with a debt consolidation loan your local branch will be happy to help.
3.9% APR REPRESENTATIVE ON LOANS OF £7,500 TO £25,000 OVER 1 TO 5 YEARS
Remember if you refinance existing debts, you may pay a higher rate of interest or make repayments over a longer term with a debt consolidation loan. This means that you may pay more interest overall.
Put your borrowing total into our Personal Loan calculator and decide how long you’d like to repay the loan over. This will give you an idea of your monthly repayments for consolidating your debts with a loan.
By changing the number of months you’ll repay over you’ll see how the monthly repayment changes for the amount you need. This can help you see what you could afford to borrow.
You need to have held a Lloyds Bank current account for at least a month, be over 18 and a UK resident. It’s easy to apply today. With a Lloyds Personal Loan you can:
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.
How much we lend and the rate available are subject to our assessment of your circumstances.
Log on to Internet Banking to get a personalised quote. It takes around one minute, and in the majority of cases we'll tell you how much you can borrow and if you're likely to be approved before you apply. This wont impact your credit scoreCloseCredit 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..
If you then apply for a loan, we could give you a decision in around five minutes.
Your local branch will be happy to help you apply for a Loan. We'll usually be able to give you an answer and transfer the money into your account the same day.
We want 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.
To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender and you the borrower.
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. Authorisation can be checked on the Financial Services Register at www.fca.org.ukVisit the Financial Conduct Authority website. Lloyds Bank plc is a member of the Financial Services Compensation Scheme and the Financial Ombudsman Service.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065.
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.