Lloyds Bank

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Company Information

  • Company Name:
    Lloyds Bank
  • Website Address:
  • Business address:
    25 Gresham Street, London EC2V 7HN
  • Phone number:
    0845 3000 000

Lloyds Bank (Lloydsbank.com) is one of the UK’s largest and most popular commercial and retail banks, with a wide range of products and accounts designed to help you manage your finances more effectively. Amongst the banks many financial services are its loans. Lloyds Bank has unsecured personal loans ready to help customers out in a time of need, with flexible repayment options and instant decisions available.

Buying a car can be an expensive affair, and many people don’t have the cash on hand to pay for a new car upfront in full. Financing your car through a dealership is one way of paying for the car over a longer period of time and spreading the expense out in a more manageable way, but the rates offered by dealerships are often fairly expensive. Customers could be able to save money by taking out a car loan from Lloyds Bank and using the loan to pay for the car in full, and then repaying the amount to the bank.

To take out a loan to pay for a car, customers can apply for a Lloyds Bank personal loan. This loan can be for as little as £1,000 up to a maximum of £25,000, and can be repaid over one to seven years. The amount a customer can borrow will depend on their financial circumstances and how much they can realistically afford to repay. The interest rate will also vary depending on the amount borrowed, the length of the loan and the financial situation of the customer.

Lloyds Bank also offers a loyalty discount for customers borrowing over £7,500 over 12-60 months. To qualify for the 1% loyalty discount, customers must have held a Lloyds Bank current account for five years or more.

If you’re looking to take out a car loan from Lloyds Bank, you can get a personalised quote online with no impact on your credit rating, and if you decide to accept the quote and apply, you could receive an instant decision.

84 Reviews of Lloyds Bank have been submitted - read the latest 3 below

Mortgages, and car purchases are probably the biggest loan commitments anyone can take on and certainly for me this car finance loan wasn't something I took on lightly. I gave it a lot of thought and did a lot of research online before deciding to go with my own bank for the loan. There were quite a lot of good car finance loans to be found on the loan comparison website but at the end of the day Lloyds Bank were offering me a very competitive rate on top of which they gave me a further 1% loyalty discount which was most appreciated. I hope I can get as good a deal on the price of my new car. As this will be my fourth BMW perhaps the dealers will consider a loyalty discount of some sort. Here's hoping!

Review posted by Richard Cooper, Henley-on-Thames

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Luckily for me I managed to get a very good rate on my car finance loan from Lloyds Bank due in some respects to the 1% loyalty discount for customers who have been with the bank for more than five years. You could times that by 5 for me as I've been with them since leaving school and getting my first job. In all that time this is only my second ever car purchase and I wanted to buy a brand new car again because the previous one has served me very well all these years. When I sold it I really could advertise it as having only 1 lady owner but I didn't because I think there are rules now about sexism. It went in the advert as one very careful owner which I most certainly am, never having had to make an insurance claim, and I'll be treating my new car with the same care and attention which should mean I'll get another good deal on my car insurance too.

Review posted by Mary Stevenson, West Drayton

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Lloyds Bank rates for their car finance loans were good but they weren't the best but once I factored in the 1% loyalty discount I would be eligible for that made a lot of difference to the final cost of the loan. It really was great that I could get this loan through my own bank instead of going with a lender I had never had any dealings with before. I've only ever gone to Lloyds Bank for the loans I have had in the past 15 years but being able to apply for this one online was a nice change from having to make an appointment at my local branch to see the person in charge of loans. It's nice to have them follow up the loan approval with a phone call to go through things with you to make sure they have all the correct details so you do get the personal touch at some stage in the loan process which is great for reassuring you that you've made the right decision with your loan choice.

Review posted by Paul Seaton, Romford

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  • Value For Money