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Planning your Spring renovations

Spring is just around the corner, and many people are thinking about sprucing up their home and garden in the months ahead

Spring is just around the corner, and many people are thinking about sprucing up their home and garden in the months ahead

If you're planning some renovations, you might want to think about taking out a loan to help pay for them.

If you're aged 18 years or over and already have a Lloyds TSB account, you could borrow up to £25,000 to pay for your home improvements.

Improve your home with a personal loan from Lloyds TSB.

How much you'll be able to borrow depends on your individual circumstances such as your ability to pay the loan back and your credit history.

Plan ahead
Before you get started, it's a good idea to work out a plan. Start by coming up with a list of priorities - you might not have time to do all the work you want so it's often best to focus on one job at a time.

Once you know what you want to do, decide how you're going to do it and what you'll need to get the job done.

If it's a big project you might need to buy in some materials. Planning ahead will give you the chance to order them in advance so you're ready to get started when the time comes.

You'll also be able to work out how much the project will cost and set a budget for your renovations.

By scoping out the project from start to finish you'll know exactly what materials and labour you need so you can work out how to pay for it.

Work out how much you can borrow
At Lloyds TSB, if you're an existing customer and registered for Internet Banking you can work out exactly how much you can borrow and how you'll pay it back using our loan calculator.

You'll get your own personalised quote based on the information we already have about you.
We'll tell you how much you need to pay back each month and how much your loan will cost you over the full term.

It will even give you alternatives such as changing how much you want to borrow or changing the term of the loan so you can choose the loan that's perfect for you.

Find out more about loans from Lloyds TSB.

Check the full cost of your project
If you're taking out a loan for your spring renovations, make sure you work out how much your loan will cost you.

When you apply for a loan, check the APR you're offered before you sign on the dotted line.

The APR advertised on many loans is a representative APR and the actual amount you'll be charged can differ depending on your personal circumstances.

The APR will affect the overall cost of the loan, so if you're sticking to a budget it's a good idea to keep an eye on it so you know exactly what you'll be paying back.