Personal loans
Use our eligibility checker to answer a few questions – if pre-approved, get your personalised rate. And don’t worry, this won’t affect your credit score.
A loan with MBNA
You can apply for a loan if:
- You are age 18 or over.
- You’re a UK resident (except for the Channel Islands and Isle of Man).
- You’re not in full-time education.
- You’re in paid employment or have a regular income.
- You’ve not been declined for credit in the last month.
- You don’t have a history of bad credit.
- You are not applying for any of these reasonsLoans won't be provided for speculative purchases (gambling, investments and share purchases), any illegal purposes, business-related purposes, purchase/lease of land or property, either full or part purchase (including deposit), timeshares/holiday clubs.
The amount of lending and the interest rate offered to you, depends on an assessment of your personal circumstances.
MBNA personal loans are provided exclusively by Lloyds Bank plc. MBNA Limited act as a credit broker and not the lender
Have a loan with us already?
Your questions answered
-
A personal loan is an amount of money you borrow from a lender, such as a bank. You can spread the cost of paying it back monthly over a fixed amount of time. You are charged for borrowing the money, this is called interest, which is added on to your monthly repayments, along with any fees.
All of our personal loans are unsecured.
-
Taking out a loan is a commitment, so it’s important to make sure it’s the right choice for your needs. Depending on what you want to borrow for, a loan might not always be the most suitable borrowing option. It’s important to understand taking into account interest and any fees to work out the overall cost of each option.
Learn more about the differences between loans and credit cards to help make the right decision for you.
-
APR stands for annual percentage rate. You'll see it as a percentage. It helps to work out the total cost of your loan because it takes into account all interest plus any fees charged. APR is a good way of comparing different loans and working out the costs compared to other options such as a credit card.
-
When you apply for a personal loan, we'll carry out a credit check. This is to help us make sure that you are likely to pay the loan back.
-
If you’re struggling to make repayments on your loan, it’s important to contact us as soon as possible. We have trained advisers to help discuss your situation and options available.
You may be able to take a repayment holiday. You can take up to two per year if approved – which would allow you to take a break from paying off your loan. These payments will be added onto the end of the term, along with any extra interest earned.
To discuss your loan, please call us.
We also have resources available for those facing financial difficulty, including free independent advice.
-
You can borrow for a wide range of reasons from weddings to buying a new car. There are some limits on what you may use a loan for, such as:
- Speculative purchases, for example: gambling, investments and share purchases
- Any illegal purposes
- Business-related purposes
- Purchase/Lease of land or property, either full or part purchase (including deposit)
- Timeshares/Holiday Clubs
These limits apply whether you want to borrow money for yourself or to help support someone else. For example, you can't borrow to give a family member a property deposit.
-
Our eligibility checker is an online tool you can use to tell us a bit about you and your circumstances. By answering a few questions, you can:
- find out if you're eligible to apply for a loan before applying.
- if pre-approved, get a personalised rate - with no effect on your credit score.
- relax - as long as nothing's changed, you don't need to re-type any of the details you've already given us.
All of this, before you apply and with no effect on your credit score.