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Personal Loans

OUR LOANS ARE AVAILABLE TO LLOYDS TSB CURRENT ACCOUNT HOLDERS WHO HAVE HAD THEIR ACCOUNT FOR MORE THAN 3 MONTHS.

Our personal loans cover a wide range of borrowing options – £1,000 to £25,000, with 1-7 years to repay.

You also get:

  • Instant money in your account**
  • A personalised quote with no credit footprint
  • Great flexibility, with the option to overpay or even take a loan repayment holiday
  • View your balance in Internet Banking

See what your monthly payments could be

Use our loan calculatorUse our loan calculator

Loan information

For information about your loan application, please call us on 0800 056 0140. Lines are open from 7am to 10pm Monday-Friday and 8am-6pm at the weekend.

To apply for a personal loan, you need to be:

  • a Lloyds TSB Current Account holder who has had an account for more than three months
  • over 18 years old
  • a UK resident

The interest rate of your loan is personal to you and will depend upon factors such as the amount borrowed, the term of the loan and your personal circumstances.

To get a personalised quote log on to Internet Banking and click on Loans on the right-hand side.

Alternatively, to get an idea of what you might pay, use our Loan calculator.

Using the loan calculator puts you under no obligation to go ahead with the loan – it just lets you see how much you can borrow and what it may cost.

If you apply online, you can get your money into your account instantly. The funds will be transferred to your bank account immediately between 9:00am and 8:30pm, or before 9am the following day outside these times.

You’ll just need to complete the process by logging on to Internet Banking and signing in electronically. Then when you next log on, you’ll be able to see your loan details on the Account Overview screen.

To manage your monthly loan repayments, we’ll set up a Direct Debit – no need to sign and return any paper documents. You can see the details of the Direct Debit on the Account Overview screen.

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.

To get an idea of what your monthly repayments would be, try our loan calculator. Just enter how much you want to borrow and how long you want to take to repay it and we’ll estimate what your monthly repayments could be.

How much we lend depends on our assessment of your circumstances.

The rates, term and repayments may vary, depending on how you contact us to apply for your loan. The other factors we consider when setting a loan rate include:

  • your credit repayment history
  • past account history
  • other personal details held on our records

If you’re registered for Internet Banking you can get a personalised quote and a decision in just 2 minutes. If approved, you could have the money in your account instantly.

If you aren’t registered for Internet Banking you can still apply online. Your application will take about 10 minutes to complete and is totally secure.

  • You must be an existing Lloyds TSB current account holder
  • You need to be over 18 years old and a UK resident

On the phone

0800 096 1356
Lines open 8am-10pm, 7 days a week

In branch

Our staff at your local branch will be happy to discuss your requirements. And they'll usually be able to give you an answer and the money in your account that same day.

Glossary

APR

APR stands for Annual Percentage Rate and is the total charge for credit. It includes the interest rate plus any fee that we charge for the loan as a whole.

You can use APR to compare the total cost of different loans. We’ll always tell you the APR for your loan before you sign an agreement.

Repayment

With a loan, we give you a sum of money up front and each month after that you pay back some of what you owe. That monthly sum is called your repayment.

With our personal loans, your repayments are fixed. That means you’ll owe the same amount each month for the entire life of your loan.

Credit rating

Your 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.

Ways to apply

Internet Banking

Users registered with Internet Banking can get started now with a personalised quote.

Log on and apply Apply now
2mins

    Not registered for Internet Banking

    Your loan application will take about ten minutes and is totally secure.

    Get a quote and apply Get a quote and apply (opens in a new browser window).
    10mins

      On the phone

      0800 096 1356

      8am-10pm, 7 days a week.

        In branch

        Important legal information

        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 TSB Current Account for more than three months.

        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. You will be likely to extend your original repayment term every time a repayment holiday applies.

        ** 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.