How to get a loan
Before logging on to your Internet Banking to apply, think about a couple of things :
This could help you get approved for a personal loan.
How long you can take to repay the loan
You can take a Lloyds Bank personal loan for between one and seven years. Just bear in mind that the longer you borrow, the more interest you’ll pay overall.
To pay less interest overall, choose the shortest term you can afford on the lowest rate you can find.
You can pay your loan off early if you have some money to spare. Keep in mind, we may charge up to 58 days' interest for early settlement.
What we look at when deciding to offer loans
We typically look at several factors when deciding if we’ll offer a loan to someone. The main things we consider are your income, your employment status and your credit score.
Credit score
Ready to apply?
Log in to online banking to get a personalised quote. It takes one minute, and usually we’ll tell you how much you can borrow and if you’re likely to get approved before you apply. This won't impact your credit score.
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