How to get an early settlement quote

To settle your loan early, you’ll need a settlement quote. This will make sure you’re paying the right amount, including any loan interest.  If you are within your 14-day right of withdrawal period, you can call us to cancel your loan.

It’s best to check your payment limits with your bank before making any large payments to settle your loan.
 

You can do this online

  • Get your early settlement quote online.
  • Your settlement quote is valid for 30 days.
  • Pay up to £25,000 off your loan using our app or online banking.
  • Pay online if you have a current or savings account.

Keep in Mind

We may also apply an early settlement adjustment to your loan. This means that we may charge up to 58 days interest on your loan.

This settlement adjustment won't be made if your loan has less than 90 days left.

How to do it

You can do this using the Lloyds app or online banking - let us show you step-by-step.

    1. Log in and select the loan account you want to pay. Then select the three-dot menu.
    2. Select Loan Closure.
    3. Scroll and read through settlement information then select on get a quote.
    4. Follow instructions on how to make your payment.
       

    If you don’t have a current or savings account, you can still get an early settlement quote online.

    1. Log in and select the loan account you want to pay. Select more actions.
    2. Select Admin, then Close Loan Account
    3. Read through settlement information then select on get a quote.
    4. Follow instructions on how to make your payment.
       

    If you don’t have a current or savings account, you can still get an early settlement quote online. 

Get set up online

 

The Halifax brand is changing to Lloyds

If you don’t use online or mobile banking, you can start using the Lloyds app now to see your existing Halifax accounts. Once you’ve downloaded it, you can set it up using your Halifax account details.

How to get online

More on the change