Rating based on 50 reviews

Lloyds Bank


  • Student loans up to £10,000
  • Low-interest starting from 3.3%
  • Repayment up to 60 months

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Lloyds Bank homepage

Author Lloyds Bank. Screenshot of Lloyds Bank website. [Accessed September 8, 2021]

About Lloyds Bank

With Lloyds Bank, you can access financial and banking services specifically designed for students and people on the move!

Lloyds Bank understands how hectic life as a student can get; from student loans, classes, exams and social and family commitments you've got a lot on your plate and there's no reason that banking should add to the heap!

Use our student account to manage your loan

When you've been endorsed for a loan by the Department of Education, Lloyds Bank can help you handle your student loans using our convenient student accounts. It's a convenient arrangement that will allow you to draw money, deposit money and pay using your bank card! Lloyds Bank will be there for you throughout your life - from your student years to your first full-time job, first car loan and first mortgage - we are here for you! 

We are advancing towards our vision

Through our change program, we will convey business, specialized and hierarchical change in our drive to become an advanced, customer centred service provider. We offer existing customers and students a convenient Lloyds Bank graduate loan - so you can do the things you need to achieve your dreams and succeed in your chosen career.

Lloyds Bank Services

While studying in the UK, you will require sufficient money to cover your living costs and, in addition, college's educational cost and fees.

We're here to help ease the pain and make life just a little bit more simple. We offer student accounts, student loans and a variety of other financial products and services specifically designed to cater to the needs of UK students.

Estimate the cost of your studies accurately

So what amount of cash will you require? You can get a general thought regarding costs by taking a gander at lists or application data gave by the college. Keep in mind, nonetheless, that educational cost rates change massively. A few colleges could be less expensive than others, yet this is not generally genuine, so to get the best thought of costs you have to contact the schools you are interested in.

Living expenses as part of a student loan

The cost of living in diverse parts of the UK differs greatly. All in all, living in urban areas such as in London, is more costly than living in littler towns or rural regions. Leasing a flat in a city can cost twice as much as it does in a small town and if you're student loan doesn't sufficiently cover this, you may find yourself in a bit of a difficult situation. Similarly, food, clothing, entertainment and other living costs may be more extravagant in a city. Most student loans from the Student Loans company will cover a portion of these costs but, the rest is up to you or your family.

Lloyds Bank – Student loan

  • Loan Type Student loans
  • Interest Rate from 3.3%
  • Loan Amount up to £10,000
  • Repayment 12 months to 60 months

Benefits of Lloyds Bank

  • Make additional payments  
  • Have access to your transactions and statements
  • Change your details
  • You can also apply for a repayment holiday

Student loan calculator


The interest rate of a loan will vary based on your credit score and risk profile.

This loan calculator is for illustration purposes only.
The use of this Online loan calculator is subject to our terms of use.

Lloyds Bank looks after their clients future with an affodable student loan

If you have been a Lloyds Bank Graduate account holder for a period of 3 months or more, are 18 years or older and are a UK resident you are eligible to apply for a graduate or student loan from Lloyds Bank.

You can apply for a graduate or student loan between £1,000 and £10,000 and repay this in a term of between 12 and 60 months. The amount that we approve for graduate or student loans depends on your status and affordability.

The importance of budgeting

Budgeting is an important skill for any student. Before you begin your studies, creating a "master plan" budget that will incorporate educational costs, food and lodging, transportation, and living costs are necessary. Later you can be more particular, thinking seriously about each and every expense and detail.

Lloyds Bank – help understanding student loans

Student loans that cover tuition and, in some cases living expenses, are offered to all students irrespective of household income by the Student Loans Company. You will only be required to start repaying your student loan once you have graduated from university and are earning more than £21,000 per annum.

During your studies, the interest on your student loan is covered and paid by the government after which a new interest rate, currently 9.9% per annum will be applied to the loan amount. Lloyds Bank has a wealth of information, helpful guides and links to help you understand everything you need to about student loans.

Student loans and banking

Lloyds Bank offers student 0% interest on overdrafts on our student credit cards and accounts. We also offer graduate accounts to help ease you into working life. This account comes with a maximum £2,000 overdraft for your fist year after graduation, £1,500 in your second year and finally, £1,000 in your third year. This graduate account also offers 15% cashback, text alerts and can be conveniently used at any Visa locations worldwide.

If you have a current account with another bank you can switch to a Lloyds Bank graduate account and all your debts and will be automatically moved over too. To apply for a graduate account with us you must have graduated within the past three years, be a UK resident and be able to provide proof of your graduation.

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Lloyds Bank is a trusted & reliable provider of student loans

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

October 2019

They are very efficient as well as easy to deal with.

Ben A
— Bristol —

September 2019

I had the help of a very friendly consultant who talked me through all the details of taking out a student loan with Lloyds Bank. I’d like to thank that person for being so patient with me and wi...

Ellen W
— London —

Lloyds Bank Contact

Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:30 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed