Paying for special occasions in 2012

If you’re 18 years or over and have been a Lloyds TSB current account holder for at least 3 months, you could borrow between £1,000 and £25,000 over a period of 1-7 years.

So whatever your special occasion, a bank loan could be the way to pay for what you need.

Find out more about loans from Lloyds TSB Planning what you need If it’s a one-off event, you should have a good idea of how much money you might need to borrow.

You might be celebrating your 50th birthday or planning a trip around the world to mark your retirement – these costs are normally upfront so it can be easier to plan.

Other events however, like weddings, can be tricky. It’s difficult to predict what everything will cost in advance but it’s a good idea to estimate all your costs before you apply for a loan.

The first thing to do is to make a list of everything you think you’ll need to pay for.

Once you have this, do some research and get the average costs.

Search online, talk to friends and family or pick up the phone to get some quotes – this should give you a rough idea of how much you’ll be expecting to pay. Once you’ve worked this out, if you have some money put away, subtract it from the expected cost.

You should now have an idea of how much you’ll need to borrow to make it a really special occasion.

How much can you borrow? If you’re 18 years or over, a Lloyds TSB customer and registered for Internet Banking, you can find out how much you can borrow with our loan calculator It’s a really handy tool which could help you make cost-effective plans for the big day.

Using information about your finances such as your salary, your monetary commitments and your spending history, it will tell you how much your loan could cost and how much you’ll have to pay each month before you apply. You can change the term of the loan too, to see how that affects your repayments – so you have an idea of exactly how much it will cost. This is only an indication and it will be up to the bank to approve your loan once you’ve applied.

Apply for your loan Once you’ve worked out how much you need to borrow and you’ve checked to make sure you can afford it, you can apply for a loan online.

If you’re a Lloyds TSB customer and you’re registered for Internet Banking, you can apply online in a few minutes. There’s no need to visit a branch and fill out lots of paperwork.

Find out more about applying for a loan online with Lloyds TSB

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