When you find that things aren't going to plan, then a bit of financial flexibility can sometimes help.
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.
We'll advise you of the additional interest before we finalise your repayment holiday. Your original repayment term will be extended every time you take a repayment holiday.
You need to inform us at least five days before your next loan repayment is due for this to be applied to your next payment.
You can request a repayment holiday at any time, providing you:
You can request a repayment holiday by:
Repayment holidays aren’t intended to help solve money troubles, so if you are struggling to make your monthly repayments we have a range of options that may be able to help you. Call us on 0800 389 8766 (Mon–Fri 8am–9pm, Sat 9am–5pm) and we'll talk through options with you.
A repayment holiday will extend the length of your loan. We will continue to charge interest on your outstanding loan balance, so you will pay more interest overall. We will advise you of the additional interest that will apply when you call.
You can apply for a repayment holiday by logging on to Internet Banking and selecting your loan from the account overview page.
Taking a repayment holiday will extend the length of your loan and we'll continue to charge you interest on your outstanding loan balance. We'll advise you of the additional interest that will apply when you contact us.
Please call us at least a week before your next loan repayment is due for this to be applied to your next payment.
Lines are open 8am–10pm Mon–Sun
Pop into your local branch and our staff will be happy to help.
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.
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. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Lloyds Bank plc is a member of the Financial Services Compensation Scheme and the Financial Ombudsman Service.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065.
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 more than one month.