Really good rates to borrow up to £50,000 with up to 7 years to repay. See now how to apply as quickly as possible!

Lloyds Personal Loan: £50,000 to chase your dream!

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Dreaming of that kitchen makeover or consolidating pesky debts? With Lloyds Personal Loan, borrow between £1,000 and £50,000, enjoy fixed monthly repayments over 1 to 7 years, and even take repayment holidays. All without needing to secure your loan against your home or car
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Dreaming of that kitchen makeover or consolidating pesky debts? With Lloyds Personal Loan, borrow between £1,000 and £50,000, enjoy fixed monthly repayments over 1 to 7 years, and even take repayment holidays. All without needing to secure your loan against your home or car
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Check Your Eligibility
You will remain in the same website.
Curious about what makes Lloyds Personal Loan stand out? Here are some top perks:
Borrow £1k to £50k
Flexible terms: 1-7 years
Fixed monthly repayments
No early repayment fees
Check Your Eligibility
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Advantages and Disadvantages of the Lloyds Personal Loan

Pros:

  • Flexible borrowing amounts: Choose to borrow between £1,000 and £50,000, tailoring the loan to your needs.
  • Fixed interest rates: Enjoy predictable monthly repayments, making budgeting straightforward.
  • Flexible repayment terms: Select a repayment period from 1 to 7 years to suit your financial situation.
  • No early repayment charges: Settle your loan early without additional fees, potentially saving on interest.
  • Repayment holidays: Apply for up to two one-month repayment holidays per year, subject to approval, offering flexibility during unforeseen circumstances.

Cons:

  • Existing customer requirement: Must have held a Lloyds Bank current account for at least one month to apply.
  • Good credit score needed: Applicants should have a good credit history, with no records of bad credit such as CCJs or bankruptcy.
  • Early settlement interest: If you choose to repay your loan early, you may be charged up to 58 days’ interest.
  • Repayment holiday interest: Interest continues to accrue during repayment holidays, increasing the total amount payable.

FAQ

A personal loan is a fixed amount of money borrowed from a lender, which you repay over an agreed period with interest. It’s commonly used for things like home improvements, debt consolidation, or unexpected expenses.

Eligibility varies by lender, but generally, you’ll need to be at least 18 years old, a UK resident, and have a regular source of income. Some lenders may also check your credit history before approving your application.

The time frame depends on the lender. Some offer instant online decisions, while others may require additional checks. Once approved, funds can be transferred on the same day or within a few working days.

Most lenders start with a soft credit check, which won’t impact your score. However, if you proceed with a full application, a hard credit check will be performed, which may temporarily lower your score.

Many lenders allow early repayments, but some may charge an early settlement fee. It’s best to check the terms and conditions before applying.

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