Can Lloyds Bank help you get that kitchen renovation moving? Read this guide to find out if Lloyds personal loan product is for you.
To know if their monthly repayment fits your budget, you can also use our Lloyds personal loan calculator.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Lloyds Bank: An overview
Lloyds Bank is a banking company that offers personal and business products. They offer current accounts, savings products, investing, insurance, loans, mortgages, and more.
If you like banking companies that have been serving for a long time, Lloyds Bank might be for you. They’ve been around since the 1700s. Yes, it’s that long.
Lloyds Bank has a mobile app, which you can download on iOS or Android.
Lloyds personal loans
Lloyds personal loans have a maximum APR of 29.9%. They require a fixed repayment amount every month, which you can pay by Direct Debit.
If you’re really interested in getting a loan, Lloyds suggests you consider how much you can repay first. Additionally, if you can repay this loan in less than a year, you might want to get a credit card instead.
Aside from personal loans, Lloyds also offers the following:
- Car Finance
- Travel Money
- Individual Savings Account (ISA)
- Credit Cards
- Home Insurance
- Investing Products
- Wealth Management
- Retirement
- Mortgages
How can you use their personal loans?
- Buying a second car
- Doing home makeovers
- Consolidating debts
- Paying for wedding events
- Going on holidays or vacations
Lloyds Bank personal loan features
- Has a loan range of £1,000 to £35,000
- Repayment terms range from 1 to 7 years
- Personalised rate is available
- Allows repayment holidays every year
- Free additional payments
- Requires early repayment fee worth 58-day interest
- Fund release on the same day or the next business day
How to apply for a Lloyds personal loan?
3 ways to apply for a loan:
- At a branch. Find a near Lloyds Bank branch and apply for a loan.
- Over the phone. For Current Account members, you can apply over the phone. Call 0330-123-3890 any time between 8 AM to 10 PM
- Apply online. To apply for a personal loan, you will have to register first.
Lloyds personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£7,500
to £25,000
Log on to Internet Banking to see how much you could borrow and if youre likely to be approved. This won't affect your credit score. 3.9% APR Representative on a Personal Loan between £7,500 and £25,000 over 1 to 5 years.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
