Joint loans

If you need to apply for a loan with a friend, partner or family member, our Flexible Loan could put you both in control.

Features and benefits

  • Wide range of borrowing options: choose to borrow from £1,000 – £50,000 over one to seven years.
  • You could receive a rate as low as 4.6% APR RepresentativeCloseAPRAPR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. We will tell you the APR for your loan or credit card before you sign an agreement. if you borrow £7,500 – £25,000 over one to five years.
  • Flexible repaymentCloseRepaymentWith a loan, we give you a sum of money up front and each month after that you pay back some of what you owe. That monthly sum is called your repayment. With our personal loans, your repayments are fixed. That means you’ll owe the same amount each month for the entire life of your loan. options, where you can make additional payments or pay off your loan early, free of charge. There's no early settlement adjustmentCloseEarly settlement adjustmentYou can fully or partly repay your loan at any time during the repayment period. If you choose to settle your loan before it’s completed its full term some of our loans may charge an early settlement adjustment. If you have taken out a Flexible Loan you agree to repay the capital plus the interest as it accrues. If you pay off your loan in full before the end of the agreed term, we'll calculate what you owe us at the time which will include capital plus interest accrued but no additional charge. If you’ve taken out any of our other loans, the amount you agree to repay includes interest that is charged to the end of the loan term. If you make an early settlement we'll reduce the charge for credit you have agreed to pay us which means you wouldn’t have to pay all of the interest. This reduction may be adjusted by up to 58 days’ interest - this is the early settlement adjustment. on the Flexible Loan, but there may be on other loans.
  • Manage your loan online with Internet Banking.
  • You have the option to apply for up to two repayment holidays of one month in a rolling 12 month period, subject to approval.

Keep in mind

  • Our joint loans are available in branch if you both have had a Lloyds Bank current account for at least one month or hold a Lloyds Bank credit card, mortgage or loan. Lloyds Bank current account holders who've had their account for at least one month can also apply over the phone.
  • How much we lend and the rate available are subject to our assessment of your circumstances.
  • When you apply for a joint loan, you each agree to pay off the whole debt if the other person doesn't.
  • Once you have a joint loan, your credit files will be linked. If you apply for credit in your own name in the future, a credit search would be able to see the other person's credit history and take that into account as well as your own.
  • Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a repayment holiday, so you'll pay more interest overall and your original term will be extended.

Apply for a joint loan

You can apply if both applicants:

  • have had a Lloyds Bank current account for at least one month or hold a Lloyds Bank credit card, mortgage or loan
  • are aged 18 or over
  • are not in full-time education
  • are a UK resident
  • have not been declined for credit in the last month or have a history of bad credit.

Apply in branch

If you choose to apply in branch, you should call or visit to book an appointment and both applicants will need to be at the appointment.

Find your nearest branch

Apply over the phone

Call us on 0800 096 1356

Lines are open 8am-10pm seven days a week

Making sure you get a fair deal

We want to find a product that’s right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities, which details what’s expected of us, the lender and you the borrower.

Download the statement of responsibilities