Rating based on 46 reviews

Lloyds Bank

Updated May 22, 2023

Debt consolidation up to £25,000
Low-interest starting from 4.9%
Repayment up to 5 years

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Author Lloyds Bank. Screenshot of Lloyds Bank website.
[Accessed May 19, 2023]

About Lloyds Bank

Our customer service is off the charts - we actually make an effort to engage with our customers and offer them a personalized service - to us you're more than just a number.

Our staff are all incredibly professional, highly skilled and enthusiastic about finance - contact us today to see how our loans and awesome staff work together to bring you financial bliss!

Advantages of our debt consolidation loan:

Empowers you to become debt-free
Frequently saves customers money in both interest and fees
Easier to manage
Helps avoid high-interest loans such as payday loans
Apply for additional credit and make important purchases

Do you have numerous loans and need help?

Lloyds Bank is focused on providing affordable short term credit and loan consolidation loans that empower the customer's budget and financial capacity. Many people fall prey to loan sharks who promise fast cash and flexible terms but these payday loans are exceptionally notorious for high-interest rates and fees. The credits they get from these corrupt lenders aren't in the customers best interest and don't take account of their individual needs and circumstances.

Lloyds Bank Services

In case you're presently in debt and are attempting to find an approach to diminish your debt instalments, then you may need to have to consider taking out a debt consolidation loan.

In basic terms, these loans permit you to pay off the majority of your debt (from personal loans, payday loans and so forth), and be left with only one loan.

Get out of debt - debt consolidation loans

You may be asking why this is something to be thankful for since regardless, you'll still owe cash, however, there are many reasons why you ought to consider debt consolidation and this includes having one single payment, lower overall interest, an improvement in your credit score in the long term and peace of mind.

Enjoy a single payment

When you have various loans from distinctive lenders it can be, to a great degree, hard to recollect the extent to which you have to pay every lender and additionally on which date they expect to be paid. As opposed to worrying about this, you can consolidate the greater part of your debt so you simply owe cash to one lender. This makes things much easier.

Lloyds Bank – Consolidation loan

Loan Type Debt consolidation
Interest Rate from 4.9%
Loan Amount up to £25,000
Repayment 1 year to 5 years

Benefits of Lloyds Bank

With our service, you can become debt-free
Affordable monthly payments
We will negotiate better rates on your behalf

Consider Lloyds Bank as your number one debt consolidation loan specialist

Debt consolidation involves taking out one loan in order to fully, or partially, repay many smaller unsecured loans.

The purpose of a debt consolidation loan is to either lower the total amount of interest you pay overall or lower your monthly repayments to increase affordability. You may take out a debt consolidation loan merely to make your debts more manageable and not to lower your repayments or save on interest.

Get a cheaper interest rate

Debt consolidation loans permit you to diminish your interest rate, particularly in the event that your debt lies primarily in the form of credit card debt. By and large, these sorts of loans are much less expensive in the long haul, which is great news if you're a borrower.

Get Debt Free Faster

Debt consolidation, likewise, permits you to get debt free faster since the interest rate that you'll be paying ought to be much lower than it was in the recent past. You may be amazed by how much an effect one of these loans can have on your life! Before you know it you'll be debt-free which will take a ton of pressure off you!

Personalized loans you can count on

Lloyds Bank's debt consolidation loans are made to suit each individual's budgetary needs, helping them to accomplish monetary flexibility and break the trap of unstable debt obligations. Essentially we allow you to combine debts, easily manage your obligations and save on interest. It likewise helps you diminish your debt and build up your savings, emergency and investment accounts.

Benefits and features of Lloyds Bank’s personal loans

Make your debt easier to manage with one single monthly repayment
Save on interest
Lower your total monthly repayment figure
Repay early with no penalty fees
Representative APR of just 4.9% on loans of between £7,500 and £25,000
Fixed monthly repayments over the entire term of the loan
Select a loan repayment term of between 12 months and 5 years
Apply online for a personalized quotation on a loan that does not affect your credit score

What you should do before applying for at Lloyds Bank

A good place to start is to get a personalized quote on a debt consolidation loan from Lloyds Bank and then add up all the debts you intend to consolidate to determine if you’ll save on interest, get a lower monthly repayment total or simply make things easier to manage overall. If you select a longer repayment term you may get lower monthly repayments but will pay more in interest overall.

Consolidate your debts at Lloyds Bank

Lloyds Bank offers debt consolidation loans of between £1,000 and £25,000 at a fixed interest rate over a loan term of between 12 months and 5 years. Before applying for a debt consolidation loan from Lloyds Bank, it’s important that you determine if consolidation is the right option for you. To apply for a debt consolidation loan you can visit our website and complete the entire application online, visit us in-branch or call us. If you're an existing Lloyds Bank customer this process will take a mere 5 minutes and if you're a new customer you can get a personalized quote and apply in just 10 minutes.

Lloyds Bank is a trusted & reliable provider of debt consolidation

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

✅ Lloyds Bank is a registered credit provider in UK: FCA number 119278

Customer Reviews & Testimonials

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September 2019

They are an amazing company when I phoned seeking advice about my outstanding loans the automatically offered to assist me.

Constantine L
— Christchurch —