Personal Loans

Lloyds Bank Personal Loan and How to Get it?






Lloyds Bank offers a wide range of options to for  loans. These amounts vary from £1,000 to £50,000 and repayments can be made over one to seven years. There are flexible repayment options if required, so it’s possible to make additional repayments. There is no additional charge for this option. Requirements of getting Lloyds Bank Personal Loan are in below.

Applying for a loan is a quick and simple process. It can be done by visiting local branch or applicant can apply online. It’s also possible to apply over the telephone if applicants have a credit card, mortgage or existing loan with Lloyds Bank. Applications made online will mean the funds can be transferred immediately to customers Lloyds Bank account, between 9am and 8.30pm or before 9am the next day.

If the applicant is an existing Lloyds Bank customer, it’s possible to apply for a loan easy and quick. This can be a great way to cover an unexpected cost or to pay for something they’ve not had the chance to save for. Interest rates as low as 3.9% APR representative are available if they borrow between £7,500 and £25,000, with repayments over 1 to 5 years.



Lloyds Bank Personal Loan Calculator
There is an online calculator that can be used to help to decide how much to borrow and what the repayments might be. A representative example : Borrowing £10,000 over 48 months repayments of £225.04 The total amount repayable will be £10,801.92, at an illustrative APR of 3.9%. Maximum APR will be 29.9%.

Features of a Lloyds Bank Personal Loan
Loans taken out with Lloyds Bank can be easily managed online. Please keep in mind you may get your personal loan from Lloyds only via online. A personalized quote is available and this will leave no credit footprint. Lloyds Bank will assess applicants personal and financial circumstances before deciding how much to lend and the interest rate that will be charged.

Early settlement of the loan is possible, but there may be an additional 58 days interest charged. Repayment holidays are also an option, providing certain conditions are met. Taking such a holiday will mean that interest is still charged, leading to more interest overall and an extension of the original term of the loan.



 

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