How much do you want to borrow?
£500 £20,000Over how many months?
12 months 60 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
7.7% - 14.9%
11.2%
£500 - £20,000
Minimum Term 1 year
Loans up to £20,000 - 5 years
Direct Debit
Existing customers in a branch - 30 minutes
Existing customers online - next working day
No Fee
2 payment holidays per year
Transferred into your bank account
No
70th for APR of 423 loans in the UK (See Lender League Table By APR)
Lloyds TSB Island personal loan is available only to Lloyds Account holders living in the Channel Islands or the Isle of Man. Apply today for anything between £500 and £20,000, for any purpose. Lloyds offer repayment holidays on all their personal loans, this is a great added feature that allows you to take a break from repayments. Bear in mind though that the interest still applies during your payment break.
To apply you must visit a local branch or call them on 08457 301 280. If you are an existing customer and you do it in a branch, the money can be paid out as quickly as 30 minutes after applying. If you are approved, you will be asked to sign a loan agreement. Lloyds will only lend you as much as you can afford, this will be decided after they carry out a assessment of your circumstances. This does mean you will be credit checked and you may need to provide extra documentation such as wage slips if necessary.
A standard £20 charge is issued on top of the charges you will receive for missing a direct debit though this can be expected with most of the main banks. Poor communication within the company has led to a few customers complaining about unfair charges being added to their account. With this in mind we would recommend making sure you get everything you agree with them during the course of the loan in writing. Only apply for this lender if you have a good credit history as they do not accept people who may have had late payments, CCJs or defaults in the past.
|
Default Fees |
Default Charge - £30.00 Letter sent to you - £25.00 |
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Early Settlement Fees |
58 days interest extra based on what is left to pay |
|
Late Payment Fees |
Late payment charge on your loan - £20.00 Charges are not incurred onto your account, but if you miss a payment it is breaching your Direct Debit contract and charges will be incurred. Missed Direct Debit Charge - £30.00 |
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Monthly Arrears Fees |
If you go into arrears and do not make your payments, or keep missing your Direct Debit, they will send you a letter requesting you pay the remainder of the loan off by a certain time |
Lloyds TSB Bank Plc, 25 Gresham Street, EC2V 7HN
0845 730 1280
