Important information about our loans

The key details for our MBNA unsecured loan

Interest charging information

The interest rate is fixed and guaranteed for the life of the loan.

Repayment information

Payment is by Direct Debit. The payments are monthly until the loan is repaid.

Repayment period

You can choose to repay your loan over 1 to 7 years.

Amount of loan available

£1,000 to £25,000.

Arrangement fee

There is no arrangement fee.

Default fees

If you miss a monthly repayment, your loan will be transferred to our Collections department and we will charge you £25. If you continue to break the agreement you may be subject to further charges.

Early settlement

You can repay your loan in full or in part at any time during the repayment period. We will charge you up to 58 days’ interest for paying off your loan early.

Terms and conditions

All our personal loans are subject to terms and conditions. You can view an example terms and conditions here (PDF)View our terms and conditions (PDF).

It’s important that you read this information in full before you apply for a loan.

Personal loans: MBNA is a trading style of Lloyds Bank plc. Lloyds Bank plc Registered Office, 25 Gresham Street, London EC2V 7HN. Registered in England and Wales number 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

All lending is subject to our checks about the applicant's financial status. To apply, you must be aged 18 or over and a UK resident. APR details are correct at the time of publication.

Certain purposes of the loan may be excluded. Please call us on 0330 678 1430 for details.

We charge interest for the complete duration of the loan. This includes the period between the start of your loan and your first repayment. If you’re in breach of your MBNA loan agreement the lender Lloyds Bank plc may take any money you owe under the MBNA loan agreement from any other accounts you have with Lloyds Bank plc which have a credit balance.

Products and offers are subject to conditions and they can be withdrawn without notice. We’ll look at your situation before we decide whether to offer you a loan. If we do, we’ll also decide how much to lend you and the interest rate we can offer, based on that assessment.

Other information

Information is available in large print, audio and Braille on request. Please call for details.