Lloyds Bank Overview
Lloyds Bank has long been serving the UK. They have a wide array of personal banking products and services, from current accounts to loans, insurance, and travel services. Besides those, they also offer business banking, private banking, and international banking products.
Like other banks that use Open Banking technology, you may also sign up for Lloyd Bank’s website or mobile app. You can use either to apply for their car loans or other products.
Lloyds Bank mobile app, is available on iOS and Android devices. If you have an existing account, you can use it to pay your bills (ex. Your Lloyds bank car loan), send payments, and view your past or recent transactions.
Should you get a Lloyds car finance or a car loan? Read the information below, so you can make a well-informed choice. You can also use our Lloyds car loan calculator to compare interest rates and find the best deal.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Lloyds Bank car loan features
- £1,000 to £50,000 loan funds
- 1 to 7-year loan terms
- 3.9% APR Representative (for £7,500 – £25,000 over 1 to 5 years)
- Maximum 29.9% APR
- Sends you the loan funds within the same day of application
How to apply for a Lloyds Bank car loan
You’re eligible if you
- Are 18 years old or above
- Have a Lloyds Bank currents account for more than a month
- Have no CCJs, IVAs, or bankruptcies in the past 12 months
- Are not a full-time student and earn monthly income
- Are employed full time
- Have been living in the UK for more than 2 years, excluding the Channel Islands and the Isle of Man
- Own an email address and mobile phone number in the UK
Application steps for a Lloyds Bank car loan
Only those who have existing Lloyds Bank accounts for more than a month can apply for a loan online.
- If you’re already registered, just log in to get your personalised quote in minutes. Log in to this page using your username and password.
- Meanwhile, if you don’t have an online account yet, create one here first so that you can apply for a Lloyds Bank car finance or car loan.
- On the registration page, enter your personal details such as your preferred title (Ms, Mrs, or Mr), full name, birthday, and UK postcode. If you don’t live in the UK, just select the “I don’t live in the UK” checkbox.
- Next, select an account type in the “Your account type” dropdown menu. If you have a loan account, select Loans and enter your loan reference number.
- After that, click Continue. Follow the succeeding steps to create an online account and get your personalised quote.
Additional info
Create an account and apply for a Lloyds Bank car loan in any of their branches. If you own a current account in Lloyds Bank, call 0330 123 3890. Meanwhile, if you already have an existing loan or mortgage, call 0330 123 4715.
By calling those numbers, you can speak to their financial advisors. They will help you decide on the best next step if you want to apply for a Lloyds Bank car finance or car loan.
Lloyds Bank car loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Lloyds Bank's website for more details on their car loans
The rate youre offered may differ from the Representative APR shown and will be based on your personal circumstances, the loan amount and the repayment term. All loans are subject to your financial circumstances and borrowing history at the time you apply. Eligibility and conditions apply. You must be a UK resident to apply.
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Repayment Period
12 months
to 60 months
Loan Amounts
£2,000
to £40,000
Carmoola's rates start as low as 6.9% for loans of between £2k - 40k over one to five years. Representative APR: 14.8%. Buy your dream car in minutes with Carmoola's virtual card, with a £0 minimum deposit. Carmoola is an entirely digital, app-based lender. No sales calls or paperwork! Take control and manage your loan in-app.
Borrowing £10,000 over 60 months with a representative APR of 14.8%, an annual interest rate of 14.8% fixed and a deposit of £0.00, the amount payable would be £250 per month, with a total cost of credit of £5,880 and a total amount payable of £13,501 including a one-off Option to Purchase fee of £1. We offer hire purchase loans between £2,000 - £40,000 at a personalised APR between 6.9% and 24.9%
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.