Holiday loans

A holiday loan is a personal loan that you can use to pay for your holiday or travel plans. It could help spread the cost for things like flights and accommodation.

Three people in a boat on holiday

What are the benefits?

With a holiday loan you could:

  • benefit from loans between £1,000 and £35,000 over 1-7 years. 
  • make the holiday you’ve been planning a reality.
  • spread the cost of your holiday and pay it off in monthly instalments.
  • cover most or all of your costs in one go.
  • 3.9% APR Representative on loans between £7,500 - £25,000 over 1 to 5 years. 

Other amounts and terms are available at different rates.

Things to consider

Using a loan to pay for your holiday depends on your individual circumstances. 

Making a budget - There are lots of things to consider when booking a holiday or trip away. Write down everything you will need to pay for and how much it might cost.

Deciding how much to borrow - Will you be able to afford to pay the loan back if your circumstances change?

Other borrowing options - Is a loan the right choice for you? There may be other borrowing options which are better suited to your personal circumstances.

Apply for a holiday loan

To apply for a holiday loan, you need to:

  • be aged 18 or older
  • be a UK resident (excluding the Channel Islands and the Isle of Man)
  • have held a Lloyds Bank current account for at least one month
  • be in paid employment, have a regular income and are not a full-time student
  • have a good credit score, with no history of bad credit, such as CCJs or bankruptcy.
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Why choose Lloyds Bank?

How our holiday loans work

  • Borrow between £1,000 and £35,000 over 1-7 years. 
  • Once your application is approved the money could be in your account the same day - 9am-8.30pm, or before 9am the next day.
  • It's easy to keep track using Internet Banking or the Mobile Banking app, but you can also phone us or pop into a branch.
  • 3.9% APR Representative on loans between £7,500 - £25,000 over 1 to 5 years.
  • Lending and rate are subject to an assessment of your personal circumstances.

Offering you flexibility

  • Repayment holidays - you can apply for up to two repayment holidays per year, subject to approval.
  • Make additional payments with no extra charge.
  • Pay off your loan early if you want. Just be aware, we could charge up to 58 days' interest for early settlement, but you are still likely to save on interest repayment overall.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. Total amount repayable will be £10,801.92. Representative 3.9% APR, annual interest rate (fixed) 3.83%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.

Loan calculator

Use our handy loan calculator to work out how much your loan payments could be. It will give an indication of monthly payments and APR.

Find out your personalised rate by logging in to Internet Banking.

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.

Other ways to apply

Apply in branch – our local branch will be happy to help you apply for a loan.

Find your nearest branch 

Apply over the phone – if you have a:  

  • Lloyds Bank Current Account, call us on 0330 123 3890.
  • Credit card, mortgage or existing loan with us, call us on 0330 123 4715

Speak to an adviser 8am-10pm, every day.

Frequently asked questions

  • Using a loan to pay for your holiday depends on your individual circumstances. Will you be able to afford to pay the loan back, taking into account any interest and fees? Would another borrowing option be cheaper or more suitable for you?

    Use our loan calculator to get an idea of what your monthly repayments may look like. You can also get a personalised quote by logging onto Internet Banking.

    Uually, the cheapest way of paying for a holiday is by saving up as much as you can afford to before you leave. This may mean you need to borrow less, or not at all.

    If you do want to borrow money to help pay for your holiday, there are other options available. It is important to choose the one that suits your needs. View our borrowing options.

  • A holiday loan is a personal loan you can use to pay for a holiday. So when the money is in your account, you can use it for things such as flights, hotels or transfers.

    However, there are some things you cannot use a personal loan for.

    We cannot issue loans for:

    - Any illegal activity.

    - Speculative purchases, e.g. gambling, investments and share purchases.

    - Business related purposes.

    - The purchase or lease of land or property, either in full or in part. This includes deposits.

    - Timeshares/holiday clubs.

    These limits apply whether you want to borrow money for yourself, or to support someone else. For example, you cannot take out a loan and give it to someone as a deposit for a house.

  • Getting a personalised quote with us does not use a credit check or affect your credit score.

    When you apply for a holiday loan, we will perform a credit check. This is to help us understand how likely you are to pay the loan back.

  • We look at lots of things when calculating your interest rate. When you apply, we will give you a personalised quote based on many factors, such as:

    - Credit history.

    - Past account history.

    - How much you want to borrow.

    - How long you want to repay the loan over.

    - Other personal details we hold.

  • You will start to repay the loan the month after you take it out - you can specify which date each month the repayment comes out. 

    You can change this date in the future if you need to. The repayments will be taken each month by Direct Debit.

    The repayments are fixed so they will not change until the loan is paid off.

    If you miss a repayment (e.g. if there is not enough money in your account), we will try once more to take it by Direct Debit within 7 days. If we are still unable to take your repayment, you will be charged a £25 fee. Full details will be provided when you apply.

    You can make additional payments with no charge. However, if you pay the loan off early, we may charge you up to 58 days’ interest – but you are still likely to save on interest payments overall.

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.