Lloyds Bank Personal Loan
Lloyds Bank offers personal loans from £1,000 to £50,000 with APRs ranging from 3.9% to 24.9%, no arrangement fees, and no penalties for overpayments.
Last checked on October 16, 2026. We may earn a commission when you click through.
Lloyds Bank Personal Loan
Updated 2 hours agoAPR Range
3.9–24.9%
Amount
£1k–£50k
Term
12–60 months
Type
personal
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Our Verdict
Lloyds Bank's personal loan is attractive due to its absence of arrangement fees and the flexibility of overpayments. However, the APR range is quite wide, which may lead to higher costs for some borrowers.
Best For
Ideal for existing Lloyds customers seeking a loan without fees and with flexible repayment options.
Watch Out
Borrowers with lower credit scores may face higher APRs, potentially reaching 24.9%, which can make the loan expensive.
Pros
- No arrangement fees
- Ability to make overpayments without penalty
- Quick online application process for existing customers
- Flexible loan amounts from £1,000 to £50,000
- Fast approval time
Cons
- Wide APR range (3.9% to 24.9%)
- Higher rates for those with lower credit scores
- Limited support for non-existing customers
- Potential for high interest costs
- No secured loan option
Full Review
At a minimum APR of 3.9%, Lloyds Bank's personal loan can be an appealing choice for those with good credit. However, the upper limit of 24.9% means that applicants with less favourable credit may find the terms burdensome. The application process is for existing customers, allowing them to apply online quickly.
Approval typically takes just minutes, convenient option for urgent financing needs. Be aware that while the ability to make overpayments without penalties is beneficial, the lack of arrangement fees is countered by potentially high interest rates for those with lower credit ratings. Our team suggests checking your credit score before applying to ensure you qualify for a more favourable rate.
Overall, while this loan is a good fit for many, those with credit challenges might want to explore other lenders that cater specifically to their needs, as they may offer better terms.
Who Is This For?
Individuals with good credit scores looking for a personal loan with flexible repayment options and no initial fees.
What Borrowers Say
Customers appreciate the simple application process and no hidden fees, but some express concern over high interest rates for lower credit scores.
Summary
Lloyds Bank offers personal loans ranging from £1,000 to £50,000 with terms of 12 to 60 months and representative APRs between 3.9% and 24.9%.
About This Loan
Requirements
- UK resident
- 18+
- Regular income
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