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
A debt consolidation loan is a personal loan you use to combine several existing debts into one loan. You will only owe one lender at a single rate of interest and have one monthly payment.
Doing this may save you money on interest costs and help you keep on top of your total borrowing.
Examples of debts are: credit cards, store cards, overdrafts and other loans.
Before you apply, you can get a personalised quote – your credit score is not affected, as we do not conduct a credit check. In most cases, we'll tell you how much you could borrow and if you're likely to be approved, before you apply.
When you apply for a debt consolidation loan, we will perform a credit check. This is to help us understand how likely you are to pay the loan back. How to consolidate debt.
Applying for credit will affect your credit score. Whether this is a negative impact will depend on your past credit history and personal circumstances. For example, applying for credit several times within a short space of time may have a negative effect on your score. Learn more about how credit checks work.
Debt consolidation loans are unsecured personal loans. This means they are not linked to your home.
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.