How much do you want to borrow?
£1,000 £7,499Over how many months?
12 months 60 monthsMonthly Repayment
Total Interest paid
Arrangement Fee
Total amount paid
13.9% - 20.9%
13.9%
£1,000 - £7,499
Minimum Term 1 year
Loans £1,000 - £7499 up to 7 years
Direct Debit
Existing customers in branch - 30 minutes
Existing customers online - instantly if approved before 8:30pm
No Fee
2 payment holidays per year
Transferred into your bank account
No
60th for APR of 423 loans in the UK (See Lender League Table By APR)
78th for Customer Satisfaction (See Customer Reviews)
Lloyds loans are available only to Lloyds Account holders. Apply today for anything between £1,000 and £7,499. Lloyds offer repayment holidays on all of their personal loans, this is a great added feature that allows you to take a break from repayments if the money is needed elsewhere - bear in mind that interest still applies during this period. They decide how much they are able to lend to you based upon your current circumstance.
You can apply online or over the phone. If you are an existing customer and you apply in branch, the money can be paid out as quickly as 30 minutes after applying. If done online you may need to wait 24 hours. 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 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 |
|
Early Settlement Fees |
58 days interest extra based on what is left to pay |
|
Late Payment Fees |
Missed Direct Debit Charge - £30.00 Late Payment Charge on your loan - £20.00 |
|
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 |
Average Customer Review:
(11 customer reviews)
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excellent
Mehdi, Manchester
8 months ago
excellent service i have ever exprienced.
lloyds are useless
Chris p, Woodgreen
3 months ago
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.
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Made a bad situation worse
Mr gulliable, Upper idiot
5 months ago
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.
Terrible bank
Andrew, Nottingham
6 months ago
I have found that this bank will rip you off and charge you the earth in any way that they can. I am discusted with TSB.
BORROWER BEWARE!!!
Sharon, Nottinghamshire
9 months ago
I have been TSB customer at the same branch for over 25 years and always had a good relationship with my bank. I made an appointment to enquire about a £5,000 loan to purchase a caravan, to be paid back over 2 years. The offer made was for me to borrow £5,000 and pay back £6,300 nearly 20% APR. I refused . A couple of days later whilst on TSB internet banking, out of curiosity I clicked on the loan icon and was amazed to find that at the click of the mouse I could have, in my account ,£5,000 to be paid back over 2 years and pay back a total of £5,490.48, at 9.5%. I felt as if the bank had attempted to rip me off, by not offering me their best deal. I had always thought that branch interviews were the best way to get the best out of your bank. The trust is gone. But on a brighter note I have my caravan!!!!!
Lloyds TSB Headquarters, 25 Gresham Street, London, EC2V 7HN
0845 300 0000
Lloyds TSB Loans Debt Help
http://www.debt-line.org.uk/LloydsTSBBank
