Why choose an MBNA loan? 

It's quick and easy

  • See your rate and fixed monthly repayments in minutes by checking your eligibility.
  • Apply online securely and get an instant decision.
  • Get your money quickly, usually within 2 hours of approval. Rarely, it can take up to three working days.

Flexible repayment options

  • Make extra payments with no extra charge.
  • Apply for up to two 1-month repayment holidaysA repayment holiday lets you take a break from making a regular loan repayment. Interest still accrues during the break. To make up for the missed payment and the interest, the loan term is extended. This means you'll pay more interest overall. within any 12-month span. During the break, you'll only pay interest.
  • Pay off your loan early if you want. We'll charge up to 58 days' interest.

See how much it will cost before you apply

Checking your eligibility will give you your rate upfront and tell you how likely we are to approve you.
It doesn't affect your credit score.

Check your eligibility

What could your loan look like?

How much you can borrow

Choose to borrow between £1,000 to £25,000. Repay over 1 to 7 years.

You can apply to borrow more money at any time.

What it could cost

To find out how much your loan would cost, check your eligibility.

  • Get your personalised rate.
  • See much you'd repay each month.
  • Know what the loan would cost in total.

Check your eligibility

Representative and illustrative interest rates

These are not interest rates we are offering you. We show these rates to help you compare borrowing products. To see your personal rates, check your eligibility.

The decision to lend and the rate we offer will depend on your personal situation.

This table shows the APR rates for an MBNA personal loan

Loans from 
£1,000 to £2,999

illustrative APR% for loans over 1 to 5 years

Loans from 
£3,000 to £4,999

illustrative APR% for loans over 1 to 5 years

Loans from 
£5,000 to £7,499

illustrative APR% for loans over 1 to 5 years

Loans from
£7,500 to £25,000

8.7% APR
representative for loans over 1 to 5 years)

Our representative APR is 8.7% for loans between £7,500 to £25,000 over 1 to 5 years. This is the rate that we expect at least 51% of people to receive who take out a loan within that amount and term range.

The maximum APR you could get is 29.9% APR.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £245.88. Total amount repayable will be £11,802.24.
Representative 8.7% APR, annual interest rate (fixed) 8.37%.

Who is MBNA?

MBNA Limited act as a credit broker and not the lender. Lloyds Bank plc exclusively provide MBNA personal loans.

View an example of an MBNA personal loan agreement (PDF 212kb)

You can apply for a loan if:

  • You’re aged 18 or over.
  • You’re a UK resident (excluding 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 reasons.Loans will not 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

What you can borrow for

You can take out an MBNA personal loan for many different reasons, from buying a boat to paying some medical bills.

Take a look at our brief guides to borrowing for those bigger expenses that come up:

  • Buying a car - looking for an upgrade, your first wheels, or switching to an electric car? You could put yourself in the driving seat with a car loan.
  • Debt consolidation - take control of your credit card, store card and other borrowing by bringing them together in to one MBNA loan.
  • Home improvements - planning a little makeover or increasing energy efficiency. Make your house a home with a loan for home improvements.
  • Holiday - planning a long-awaited trip? Get away with a holiday loan.
  • Wedding - help pay for your big day with a wedding loan.

Have a loan with us already?

Managing your loan


Your questions answered

  • A personal loan is an amount of money you borrow from a lender, such as a bank. You can then spread the cost of paying it back monthly over the course of 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 to take 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, as well as working out the cost of a loan compared to other options such as a credit card.

  • When you apply for a personal loan, we will 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 advisors available 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 subject to approval – which would allow you to take a break from paying off your loan. These payments would then be added onto the end of the term, along with any extra interest earned.

    You can speak to us about your loan on 0330 678 1430. Lines are open 8am to 8pm Monday to Friday and 9am to 6pm Saturday and Sunday. Closed Bank Holidays.

    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. In terms of responsible lending, there are some limits on what you may use a loan for.

    Loans cannot be provided for:

    • 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.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances. This is why MBNA adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities (PDF), which details what's expected of MBNA (part of Lloyds Banking Group) and you the borrower.