Put your plans into action with an MBNA personal loan

Personal loans can make it simple to borrow for those bigger plans or expenses that come up.

You can choose how much money you want to borrow at a fixed rate, then choose over how long you want to pay it back. This will allow you to pay back your loan each month with an amount to suit your budget.

The decision to lend and the rate you’re offered will depend on your personal situation. Loans are available to UK residents aged 18 or over.

Why choose an MBNA loan?


A simple loan with a low rate

  • A low rate of 3.1% APR representative for loans between £7,500 to £25,000 over 1 to 5 years.
  • Know what you'll pay with fixed monthly repayments.
  • Apply easily and securely online in just 10 minutes and get an instant decision.
  • Get your money quickly, usually within 24 hours of being approved. Rarely, it can take up to 5 working days.

Flexible to you

  • Choose to borrow between £1,000 to £25,000 and repay over 1 to 7 years.
  • Make extra payments with no extra charge.
  • Take breaks with up to 2 repayment holidays a year, subject to approval.
  • Pay off your loan early if you wish. You'll be charged up to 58 days' interest.

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £221.59. Total amount repayable will be £10,636.32. Representative 3.1% APR, annual interest rate (fixed) 3.06%.

The representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.

The representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range.


Our rates at a glance

This table shows the apr rates currently offered for an mbna personal loan

Loans from 
£1,000 to £2,999

(illustrative APR%)

Loans from 
£3,000 to £4,999

(illustrative APR%)

Loans from 
£5,000 to £7,499

(illustrative APR%)

Loans from
£7,500 to £25,000


(representative APR%)

*For loans over 1 to 5 years.

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

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

Get an idea of what your monthly payments and APR could be using our handy loan calculator.

Loan calculator


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 new family 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 - grand design or a little makeover? 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.

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

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-6pm Mon- Fri and 9am-5pm Sat and Sun.

    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.

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.