Lloyds Bank Loans

166 reviews

3.9% Representative

Will lend between: £1,000 - £50,000

Over: 12 - 60 Months

Representative example: You could borrow £10,000 over 48 months with 48 monthly repayments of £225.04. Total amount repayable will be £10,801.92. Representative 3.9% APR, annual interest rate (fixed) 3.83%.

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Lloyds Bank Loans customer reviews.

166 reviews

2.5 out of 5 stars

lloyds/tsb holiday repayment
12:24 12-07-2013
ImageChoose Wisely

tried to use 1 of my holiday repayment months on a loan i took out with Lloyds/Tsb.(id just been made redundant from work after company going into insolvencey,so i wont be getting any money for a month or 2 from what im told, till things are sorted out.)the person on the phone asked me what reason i was asking for the months holiday i explained why,and said it would give me some time to sort another job out ect:. with out the worry of the money being in my account.she said ill transfere u to another department because they might be able to give you the 2 month holiday,*i thought thats even better*so i said ok.(HOW WRONG COULD I HAVE BEEN!)To cut the rest short i ended up being told i cant now have the holiday period at all because of my new financial position basicly. (also my account now is in almost lock down)when Lloyds/tsb asked me about taking out this loan from them ,THEY SOLD me the lines" it comes with free holiday months ,so if,going on holiday,or decorating the home,a wedding or just short of money 1 month, ect: you ll have peace of mind knowing u dont have to worry about the loan repayment.so id just like to say "thanks a bunch" to all those Lloyds/tsb workers and their advertisers who mis sold me yet! another great failed product...!if there was an option for zero stars in ratings id give lloyds/tsb that because thats what it feels they gave me..


Great and easy to apply and get approved
12:45 10-11-2018
ImageSmart Money People

I have applied to a couple of personal loans at Lloyds and always easy to apply and get approved. I strong recommend everyone to try it

Gilson Guimaraes

04:42 28-03-2013
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lloyds tsb this people take your money with out thinking twice about people, they do not have any consideration to their clients whatsoever ....simply awful awful awful...try other places my advice, I had too many bad experiences with them but finally I moved on.


Bridging Loan.
15:42 09-11-2018
ImageSmart Money People

My wife and I discovered a shortfall in our finances and very close to 5pm without making an appointment on Tuesday 22 May 2018 Lloyds Bank secured for us a bridging loan. This for us epitomised care and customer service. This approach to looking after us ensures our custom and our adult chidren's.

Peter Carter

Do NOT borrow money from this bank!!
04:36 28-03-2013
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I have been with this bank for 6 years , and I normally go to their branch to put money in and out , anyway in July 2012 just like any other time I went in to slough trading estate branch and they told me I can borrow some money , so I said ok sure , as i wanted to buy a new car so I asked what are the best deals you have? she told me that i can borrow 7500 monthly payment of 270 something fro 60 month and i knew i could pay back the amount by dec so she said i have to borrowed for atleast 6 month , so i asked if i pay of by jan how much interest will i be paying AS I DONT KNOW AND I DONT GET BANK STAFF APR OR WHATEVER PERCENTAGE THEY TELL ME , i am not english and i dont get things like bank money interest , thats why I asked straight forward how much money i pay by January so she told me 260 pound so i thought why not . I end up paying just over 1000 pound in 6 month I hate them and I have already made my brother and 6 more kurdish people cancel with them... I dont have any respect for banks like that. lloyds TSB are the biggest ripe off ever.. dont go there , and if you dont take my advice make sure you read the small print .. Lloyds what a wast of rubbish they r , useless , and I hope other people who bad experiences do tell and help other people out there who like me does not know how apr and interest works , like many old people in the uk dont know how they work .dear Lloyds TSB I hope one day your branches close down and people realise what you guys really are


Great experience with Lloyds (personal loan)
16:30 09-04-2018
ImageSmart Money People

The member of staff who met with me was very polite and chatty. He took time to ask me exactly what was right for me and what I was looking for, looked through all the details of a few loans and explained them, and was not pushy at all. He also offered to ring me a few weeks later to check everything was OK.


lloyds are useless
16:09 10-02-2012
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Tried to get a £3000.00 loan today. i was accepted by other banks who i dont even bank with but when i called my own bank, they said they could not brrow me the cash. What a rubbish bank ! will be cancelling my accounts now and will urge my friends and family to do the same. llyods, why have a horse as ur logo. you should change it to a donkey instead.

chris p

Doesn't reward loyalty
18:49 11-02-2018
ImageSmart Money People

I had a personal loan with lloyds and paid it off. The same month my car was written off through no fault of my own and the insurance pay out wasn't enough so I went to the bank to try and get another loan. I had never missed a payment and had paid my previous loan off as scheduled however they wouldn't give me one. I went home and got a better deal with Tesco Bank but the next week Lloyds called me up and offered me a loan. If i wasn't good enough the week before I don't understand what happened but needless to say I wouldn't get a loan from them again.


Made a bad situation worse
15:54 02-01-2012
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After banking with them for over 30 years i knew they had lost the customer relationship and now i was just another bod to extract more money out of and they certainly did that!! I was in debt (my fault - not theres). So i went to see them to help me out as i had hidden my head in the sand for too long and i could see it was getting worse.Ended up being TOLD i had to remortgage my house to the C&G who do their mortgages or else they couldnt help me. So like a fool i signed away for a new mortgage that was meant to free me of debt but in paying off my loan and debts i ended up in a situation where i couldnt afford the mortgage repayments as way too high. I did ask could i have a loan instead and told no because my credit rating was poor the only way was to remortgage.So for 2 years now ive only been paying the interest on the mortgage as i had to change it as couldnt afford it. Can't change mortgages because the small print revelas they will fine me MASSIVELY if i change lenders for up to 7 years.In short - don't get a loan with them and certainly do not go to them for advice to get out of debt or they'll just rail road you into a mortgage deal you cant afford.

Mr Gulliable

The best
09:01 24-01-2018
ImageSmart Money People

I came to England 13 years ago I was always with the Lloyds bank they good helpful and friendly

Jerzy Dobrowinski

Our review of Lloyds Bank Loans

Lloyds Bank are one of the most well-known banks in the market. Their flexible personal loan, is available at a representative APR of 3.9% and customers are able to borrow between £1,000 and £50,000 over one to seven years.

The online quote is personalised and doesn’t leave a footprint on your credit history and if you’re successful then funds can be in your account almost instantly. You will need to have a Lloyds current account and have held this for three months to apply, as well as good credit history. If you think there is something on your file that may mean you’re declined, then look for alternatives as you don’t want to harm your credit further.

If you have internet banking, you have much more flexibility with your Lloyds Bank loan. You’re able to view your payments history, make early repayments and see how long you have left on your loan term. Customers are also able to request repayment holidays of one month, however this does mean that in the long run you will be charged more interest and the original loan term can be extended.

Looking at TrustPilot I can see that Lloyds have a ‘bad’ rating and only a score of 2.2 out of 10. Scrolling through the reviews on there I can see that these are for the bank in general rather than loans specifically. On Choose Wisely there are mixed reviews – some customers seem to have had bad experiences, whilst others praise Lloyds Bank’s customer service, quick application process and ability to take repayment holidays.

Overall verdict: Lloyds Bank offer flexible loans at a reasonable representative APR, free early repayment and payment holidays. They seem to try to make their customers’ lives easier, however there are reports of poor service when trying to deal with bigger banks. If you have good credit and have a had a positive experience with Lloyds in the past then it could be worth looking at them as an option, if you don’t already bank with them then it may be worth shopping around.

Written by: Alex


  • Free personalised quote leaves no credit footprint
  • 0.5% discount applied for Club Lloyds customers
  • Repayment holidays available
  • Flexible repayment options

Minimum criteria

  • Must have had a Lloyds Bank current account for at least 3 months
  • You must be over 18
  • You must be a UK resident
  • You will need to have good credit


  • Maximum APR 27.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

About Lloyds Bank Loans

Lloyds Bank offer personal loans between £1,000 and £50,000 to be repaid between one to seven years. Their representative APR is 3.9% (this representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years).  APRs are dependent on the amount borrowed, loan term and personal circumstances, so might change during the application process.

To apply for a loan, you will need to be over 18 years old and a UK resident. You will also need to have held a Lloyds Bank current account for at least three months prior to the application. If you are successful with the application then funds can be transferred to your account immediately, as long as it has been completed between 9am and 8:30pm.

There are no arrangement fees and customers are able to pay the loan back early with no extra charge (if you have the Lloyds Bank Flexible Loan, other loans with them may have early settlement charges). Customers are also able to take repayment holidays, however you need to meet certain criteria and these cannot be taken consecutively.

Company information

Registration number: 00002065



25 Gresham Street, London EC2V 7HN

FCA registration

Reference No: 119278

Trading names: Lloyds Bank PLC, Lloyds Bank, Black Horse Specialist Mortgages

Place of business: 25 Gresham Street, London EC2V 7HN

Data protection registration

Registration No: Z5313128

Data controller: LLOYDS BANK PLC

Address: 25 Gresham Street, London EC2V 7HN

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