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Personal banking > Loans > Graduate loan 
 

Graduate loan

Features & Benefits

  • A loan from £1000 up to £10,000*.
  • Competitive rates of interest.
  • Up to 5 years to repay your loan.
  • Option to make no repayments for the first three months**.
  • Optional Graduate Loan Protection just in case you lose your income.

View Graduate loan interest rates

Graduate Loan Protection                           

Our optional Loan Protection could cover your loan repayments if you can't work due to illness, accident or unemployment. You can only take out this valuable reassurance when you apply for your loan so remember to tell us that you want it.

Our Loan Protection has been awarded five stars for quality of cover by Defaqto, an independent financial research company. This rating is based on the features and benefits of our Loan Protection product.

                                                                                    defaqto 5 star award

How do I apply?

In order to apply for a Graduate loan you must:

  • have a Lloyds TSB Graduate Account,
  • be a UK resident,
  • be over 18 years old and under 75 years old at the expiry date of your loan.


Our staff at your local branch will be happy to discuss your requirements and will usually be able to give you an answer the same day.

Subject to approval there is nothing to repay for the first three months of your loan. However please note that interest will be accrued from the date your loan is opened. A 9.9% APR typical rate applies on loans of £5,000 to £10,000 for up to 5 years.

Rates may also vary according to a combination of factors which we consider to set your personal loan rate for you. These include past credit repayment history, your past account history and other personal details held on our records.

Applicants must be UK residents over 18 who have a Lloyds TSB Graduate Account.  Written quotation available on request. All lending and the rate available to you is subject to status and depends on our assessment of your circumstances. We will normally charge you an early settlement fee if you pay your loan off early.

Loan Protection

Optional Loan Protection may enable you to meet your loan repayments if you can’t work due to illness, accident or unemployment. You can only take out this valuable insurance when you apply for your loan so remember to tell us if you want it.

For Loan Protection Insurance Policies purchased on or after 1 January 2007, your Loan Protection Insurance Policy is underwritten by Lloyds TSB General Insurance Limited, registered in England (Company No.204373) 25 Gresham Street, London EC2V 7HN and Scottish Widows plc, registered in Scotland, registered office in the United Kingdom at 69 Morrison Street, Edinburgh EH3 8YF. All of these insurers are authorised and regulated by the Financial Services Authority (FSA).

How do I apply?

In order to apply for a Graduate loan you must:

  • have a Lloyds TSB Graduate Account,
  • be a UK resident,
  • be over 18 years old and under 75 years old at the expiry date of your loan.


Our staff at your local branch will be happy to discuss your requirements and will usually be able to give you an answer the same day.

* How much we lend and the rate available are subject to our assessment of your circumstances. You must be 18 or over and a UK resident. Loans transferred instantly between the hours of 9:30am and 8:30pm or within 24 hours outside these times.
** Repayment holidays are available if you meet certain conditions. Interest will be charged if you take a break from your repayments or defer your payments, so you will pay more interest overall.

Defaqto is an independent financial research company that scores products for quality across a wide range of features and benefits using a unique benchmarking system. Defaqto then assigns a star rating to each product. The highest rating of five stars is awarded to the top 10% of policies. Our Loan Protection product was awarded a five star rating in February 2009.