Rating based on 18 reviews

Lloyds Bank


  • Vehicle finance up to £25,000
  • Low-interest starting from 4.9%
  • Repayment up to 7 years

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Lloyds Bank homepage

Author Lloyds Bank. Screenshot of Lloyds Bank website. [Accessed May 15, 2020]

About Lloyds Bank

Our bank was first founded in 1756 and has since helped countless citizens’ in the UK in their time of need.

Financial products include current accounts, savings accounts, mortgaged, loans and low-interest credit cards.

Banking at your fingertips

In today's world, there is no need to arrange your schedule around bank times, you now have the ability to bank any time of the day or night via our Mobile baking app.

Log onto your account using your fingerprint scanner or face ID on your smartphone, this technology helps keep your personal information safe and prevents hackers from accessing your data. Benefits of the app include being able to bank where and whenever you want to. The app will make it easy to make and track payments and make deposits.

Our car finance plus plan

When you are looking to buy a new or used vehicle or you have found the perfect car and need help to pay for it then we will be able to assist you. Our car finance plus option lets us pay the dealer directly so all you need to do is drive to the dealership and pick up your new car. On loans between £7,000 and £25,000, the APR is only 3.8% with very flexible repayment terms.

Applying online is easy and obligation free

Log onto our website to apply for an obligation free quote to find out how much money you would be able to qualify for.  Your car or personal loans will be determined by your affordability as an existing client we know you and your spending habits so there is no need for us to perform a credit check.

Lloyds Bank Services

Choose between fixed car finance where you make fixed monthly payments on the loan and at the end of the loan contract you will own your vehicle. This type of finance is referred to as hire purchase.

Flex Car Finance is otherwise known as personal contract purchase. This type of financing allows clients to make small monthly payments and an option to own the vehicle at the end of the loan terms after paying a final lump sum or simply return the vehicle. Car finance is different from a loan because it gives you the freedom to pay for your vehicle the way that you want to over terms that suit your individual requirements.

Buy your vehicle using a personal loan

If you would prefer to buy your vehicle using a personal or short-term loan you could qualify for an APR% that is as low as 3.9% on loans of up to £25,000 over a period of 5 years.

In order to apply for one of our online loans you will need to meet the following lending criteria:

  • You must be over the age of 18 and a resident of the UK
  • The amount that you are granted will be determined by your affordability
  • Loan terms range up to 7 years so you will need to sign a loan term loan contract and make regular monthly payments
  • You need to have a current account at Lloyds bank in order to apply for a loan

Your credit score will then determine how risky it would be to lend you money and your personalised interest rate will be worked out accordingly.

Lloyds Bank Product Details

  • Loan Type Vehicle finance
  • Interest Rate from 4.9%
  • Loan Amount up to £25,000
  • Repayment 1 year to 7 years

Benefits of Lloyds Bank

  • Repay your loan early without penalties
  • Qualify for a payment holiday
  • Car finance with competitive interest rates

Get a quick and affordable car loan, visit our website and apply online

If you have a good credit score you will be rewarded with a lower interest rate and more favourable loan terms. If you have made poor financial decisions in the past there are still ways that you can improve your credit score.

Ways to improve your credit score:

  • Make sure that you request your credit report and check that all the details listed there are correct
  • Make sure that you never miss payments or pay your bills late
  • Always pay at least the minimum amount due and if you can always pay more
  • Build up a good credit history and cancel credit cards that you don’t use
  • Don’t apply for bad credit or payday loans from multiple creditors

Need a break from your loan?

Once you have started making payments on your loan you can apply for a payment holiday. This holiday allows you to take a break from your loan repayments so you can manage your budget more efficiently.  Make additional payments on your loan whenever you can, if you are able to pay off your loan early you are encouraged to do so and won’t be charged any penalty fees.

Our car finance range includes personal loans, hire purchase, dealer financing and leasing options so there is an option to suit every budget.

Things to remember about applying for one of our online loans

To apply for any of our online loans you need to have an active account for at least 1 month.  The amount that you qualify for will depend on how much you earn versus your expenses and how much you can afford to spend on loan repayments.

Our car loan contracts are completely transparent and there are no hidden fees or extra charges. All quotes are obligation free and come with very flexible loan repayment terms.

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Lloyds Bank is a trusted & reliable provider of vehicle finance

In our review, Lloyds Bank adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

Lloyds Bank is a registered credit provider in the UK; FCA number 119278

Customer Reviews & Testimonials

Really low-interest rate and up to 5 years to pay off the loan. That's grand that is.

Freddie G
— Manchester —

I have been paying more than my monthly repayment and the bank has no issue and is not giving me any penalties for early payment.

Archie H
— York —

Lloyds Bank Contact Details

Physical Address

Opening Hours

  • Monday 08:00 – 19:00
  • Tuesday 08:00 – 19:00
  • Wednesday 08:00 – 19:00
  • Thursday 08:00 – 19:00
  • Friday 08:00 – 19:00
  • Saturday 09:00 – 17:00
  • Sunday 11:00 – 16:00