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Personal Loan
Log on to Internet Banking to get a personalised quote with no affect on your credit score.
Log on to get a quoteImportant information: How much we lend and the rate available are dependent on our assessment of your circumstances. You must be age 18 or over and a UK resident. You must have had a Lloyds Bank current account for at least one month.
Get a quote before you apply
- See how much your loan would cost.
- If we can, we'll also tell you how likely you are to be approved.
- Getting a quote won't affect your credit score.
Just choose your loan amount and term
Choose how much you want to borrow:
from £1,000 to £50,000.
Set your repayment term:
from 1 to 7 years.
The longer the term, the more interest you'll pay overall.
Then see how much it would cost
You'll see:
- Your personalised interest rate.
- How much it would cost you each month.
- What the total cost of the loan would be.
Log on now for your free loan quote
Once you've seen your quote, you can choose to apply online. If you're approved, you'll get your money quickly.
Good to know
Once your loan is agreed, the money could be in your account the same day, 9am-8.30pm, or before 9am the next day.
Repayment holidays - Once you've made the first monthly repayment on your loan, you’ll have the option to apply for a repayment holiday. You can apply for up to two non-consecutive repayment holidays of one month each, in a rolling 12-month period (subject to approval).
Just be aware – even though you won’t need to make your usual repayment during your repayment holiday, we’ll still charge daily interest on your loan. This means you’ll pay more overall, and your loan’s end date will be extended by one month each time.
Make extra payments with no extra charges.
Pay off your loan early if you want. We may charge up to 58 days' interest for early settlement.
Manage your loan online
It's simple and safe in our app or on our website.
Support with cost of living
As living costs rise, keeping on top of your money might be worrying. We can help you manage your payments and share some useful tips and tools.
Let’s look at the details
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A personal loan is an amount of money you borrow from a lender to pay for a large expense, such as a car or home improvements. You then pay the loan back monthly, over an agreed period. With Lloyds Bank, you can select to pay the loan back between 1-7 years.
When taking out a loan, there is a cost to borrow the money – this is called interest. The amount of interest you pay is depends on factors such as the loan amount, repayment term and your personal circumstances. Interest is calculated with your monthly repayments, so you don’t have to pay it back in one go.
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Before you apply for a loan with Lloyds Bank, you can get a personalised quote. We'll tell you how much you can borrow and how likely you’ll be approved for a loan, before you apply. This quote won’t affect your credit score.
When you apply for a loan with us, we'll conduct a credit check. This helps us understand whether you can pay the loan back. This credit check will impact your credit history report and may affect your credit score.
The impact on your credit score will depend on your past credit history and personal circumstances. For example, if you have applied for credit several times within a short space of time, this may have a negative effect on your score. Missing repayments may also have negative impact on your credit score.
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APR stands for annual percentage rate. It shows you how much it will cost you to take out a loan as a percentage. The APR is made up both loan interest and loan fees.
The APR helps when you’re comparing loan rates from different lenders.
Understanding credit
Your credit score can affect whether you’re likely to be accepted for a personal loan. Learn more about how credit works and how it might impact applying for a loan.
