How to pay off your loan early
You can pay off and close your loan early, before the end of the original agreed term. To make sure you’re paying the right amount, including any loan interest, you’ll need an early settlement quote. If you are within your 14 day right of withdrawal period you can call us to cancel your loan.
It’s best to check your payment limits with your bank before making any large payments to settle your loan. Find out more about Lloyds Bank payment limits.
You can do this online
- Obtain your early settlement figure by requesting a quote online.
- Your settlement quote is valid for 30 days.
- You can pay up to £25,000 off your loan using our app or Internet Banking.
- You can pay online if you have a Lloyds current or savings account.
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 Loan Closure.
- Scroll and read through settlement information then click on Get A Quote.
- Follow instructions on how to make your additional payment.
If you don’t have a Lloyds current or savings account, you can still get an early settlement quote online. Click here to find alternative payment methods
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- Log on and select the loan account you want to pay. Select More Actions.
- Select Admin, then Close Loan Account.
- Read through settlement information then click on Get A Quote.
- Follow instructions on how to make your additional payment.
If you don’t have a Lloyds current or savings account, you can still get an early settlement quote online. Click here to find alternative payment methods
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If you're not registered for Internet Banking, pay off your loan or obtain a settlement figure 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. Please use these payment details:
- 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
