Why select an MBNA loan? 

Look closer at the benefits

  • Use our eligibility checker to answer a few questions and see if you can apply for a loan.
  • If pre-approved, you’ll get a personalised rate - with no effect on your credit score. 
  • 8.7% APR representative for loans between £7,500 to £25,000 over 1 to 5 years.
  • Apply securely online and get an instant decision.
  • Get your money quickly, usually within 2 hours of approval. Rarely, it can take up to three working days.

Other amounts and terms are available at different rates.

Flexible to you

  • Know what you'll pay with fixed monthly repayments.
  • Make extra payments with no extra charge.
  • You can apply to borrow more money at any time.
  • Take up to two repayment holidays of 1 month in a rolling 12-month period, depending on approval. We will still charge interest for the months you don’t make repayments. You’ll pay more interest overall and the loan term will increase.
  • Pay off your loan early if you want. We will charge up to 58 days' interest.

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

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%.

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.

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.

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. For a personalised rate, with no effect on your credit score, use our eligibility checker instead.

Loan calculator

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.


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.

  • 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.