Personal Loan

Exclusive to Lloyds Bank Internet Banking customers. Below is more information about the Personal loan.

Features and benefits

  • You could receive a rate as low as 3.9% 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.
  • Wide range of borrowing options: choose to borrow £1,000 - £50,000 over one to seven years.
  • You have flexible repayment options, so you can make additional payments whenever you want to with no charge.
  • Instant money in your account. Apply online to have funds immediately transferred to your bank account between 9am - 8:30pm, or before 9am the following day.
  • Get a personalised quote with no credit footprintCloseCredit footprintYour history with credit is summarised into your credit rating. Having a long history of paying your loans, bills and credit cards on time means you’ll have a high credit rating. Missing payments or defaulting on loans, borrowing and bills results in a lower score. When you apply for a loan or credit card, the financial institution will look at your credit rating to see how risky the deal would be for them. They use this information to help decide whether to offer you credit, and if so, what kind of interest rate and terms you'll receive..
  • You have the option to apply for up to two repayment holidays a year, subject to approval.

Keep in mind

  • The Personal Loan is available online only. Apply online and manage your loan with Internet Banking.
  • Our loans are only available online to Lloyds Bank current account holders who've had their account for at least one month.
  • How much we lend and the rate available are subject to our assessment of your circumstances.
  • If you make an early settlementCloseEarly settlementYou 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’ve 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 including the Personal Loan, the amount you agree to repay include the 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 don’t have to pay all the interest. This reduction may be adjusted by up to 58 days’ interest – this is the early settlement adjustment. on the Personal Loan, we may charge up to 58 days' interest.
  • 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.
  • If you miss a monthly repayment, your loan will be transferred to our Collections department and we will charge you £25. If you continue to break the agreement you may be subject to further charges.

The Flexible loan is available to apply for online, in branch or over the phone. You can also find out about our range of other borrowing options.


Personal Loan calculator

Our Personal Loan calculator will help you gain a better understanding of how much you could borrow and how much your repayments might be.

Representative example

You can borrow £6,000 over 60 months with 60 monthly repayments of £136.78. Total amount repayable will be £8206.80. Representative 13.9% APR, annual interest rate (fixed) 13.09%.

£
Lower Amount
0.0%
26.7%
25.3%
14.5%
3.9%
6.3%
7.3%

Higher Amount
months
Less months
1yr
2yr
3yr
4yr
5yr
more months

Representative example

You can borrow £6,000 over 60 months with 60 monthly repayments of £136.78. Total amount repayable will be £8206.80. Representative 13.9% APR, annual interest rate (fixed) 13.09%.

Monthly repayments

£0.0

Total repayable

£0.0

APR illustrative

0%

Our loan features

  • From £1,000 to £50,000
  • Over 1 to 7 years
  • Make additional payments
  • Fixed repayments
  • Quick, easy and secure

Logon to get your quote  

If you're not registered for Internet Banking you can register now.

Your personal rate will depend on the loan amount and term you request and your personal circumstances. In order to get your personal rate, please log in to Internet Banking or select the “Get your personal quote” option.

APR illustrative

For the amount and term selected the majority of customers are expected to receive the APR illustrative rate or lower.

For loan terms more than 5 years log in to get a personalised quotation - it will only take a minute and there's no credit footprint.

Our loans are available online to Lloyds Bank current account holders who have had an account for at least one month.

If you are applying online, the funds will be transferred to your bank account immediately between the hours of 9:00am and 8:30pm, or before 9am the following day outside these times.

Surprises come in all shapes and sizes. From an unexpected expense to a new opportunity, there are times when you might need quick access to funds. Our Personal Loan could help you get the money you need, when you need it most.

The Personal Loan comes with a variety of options to help meet your needs. You can manage your loan online with Internet Banking, where you can:

  • Make additional payments, pay off your loan early (if you make an early settlement we may charge up to 58 days' interest)
  • Check your transactions and statements
  • Change your details
  • Apply for a repayment holiday (available if you meet certain conditions. Interest will continue to be charged if you take a repayment holiday, so you'll pay more interest overall and your original term will be extended).

Our responsibilities to you

We’ll never encourage you to borrow more than you can afford. To help you get it right, we have lots of help and guidance.

Important information

The factors we consider when setting your Personal Loan rate include:

  • Your credit repayment history
  • Past account history
  • Other personal details held on our records.

View an example of our Personal Loan Agreement (PDF).

Apply for the Personal Loan

To apply for the Personal Loan, you must be over 18 years old and a UK resident. How much we lend and the rate available are subject to our assessment of your circumstances.