Loan for Debt Consolidation
Get on top of your borrowing
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:
- a fixed monthly payment to help you budget more easily, and
- a clear date that your borrowing will be paid off by.
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.
Two steps to help get you started
Use our Loan Calculator and apply for a Personal Loan
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:
- apply for between £1,000 and £35,000
- choose to make your monthly repayments over 1 to 7 years
- apply online, in branch or by phone
- get your personalised quote with no credit searches by logging into Internet Banking.
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.