How to make extra payments to your loan
Making extra payments to your loan can reduce the overall interest you’ll pay and may reduce your loan term.
You can do this online
- Use our calculator to see how your extra payment will impact your loan.
- You can pay up to £25,000 off your loan using our app or Internet Banking
- You’ll need a Lloyds current or savings account to make the payment from
Steps to take
We'll guide you through it.
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- Log on and select the loan account you want to pay. Then select the three-dot menu.
- Select Additional Payment.
- Enter how much extra you'd like to pay. Press Calculate to see how this impacts on your loan payments.
- Follow instructions on how to make your additional payment.
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- Log on and select the loan account you want to pay. Select More Actions.
- Select Make Additional Payment, then Make an Overpayment.
- Enter how much extra you'd like to pay. Press Calculate to see how this impacts on your loan payments.
- Follow instructions on how to make your additional payment.
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If you're not registered for Internet Banking, you can still make extra loan payments. You can do this by calling us or visiting your local branch.
You can pay from another bank’s current account in the same way you pay a bill or person. You’ll need these details to set up a new payee and complete a payment:
- Payee name: Lloyds Bank Loan
- Account number: 90000468
- Sort code: 77-77-90
- Reference number: this is your 12-digit loan account number. You can find this on your Internet Banking or any letters about your loan you've received from us.
It’s best to check your payment limits with your bank before making any large payments. Find out more about Lloyds Bank payment limits.
Ways to manage your loan
