---
title: Lloyds Overdraft Rate & Real 30-Day Cost (August 2026)
description: Lloyds charges −£5.43 for 30 days overdrawn at £250 (29.9% EAR). See the full cost table and how it compares with all 15 UK banks.
image: https://overdrafts.com/brand/og/lloyds.png
canonical: https://overdrafts.com/lloyds/
updated: 2026-08-28
---

# Lloyds overdraft: the real cost

Cheaper than most overdrafts on the board.

## What 30 days overdrawn costs

| Amount overdrawn | Cost over 30 days |
| --- | --- |
| £100 | −£2.17 |
| £250 | −£5.43 |
| £500 | −£10.87 |

29.9% EAR · No interest-free buffer

## How the £250 figure is worked out

Amount charged interest

£250

Daily rate from 29.9% EAR

0.0717%

Cost over 30 days

−£5.43

#7 of 15 cheapest at £250 · cheapest right now: [First Direct →](https://overdrafts.com/first-direct/)

## Rate history

-   28 August 2026 · EAR 39.9% → 29.9%

## Sources

-   [Lloyds’s published overdraft rate page](https://api.lloydsbank.com/open-banking/v2.2/personal-current-accounts) · checked 28 August 2026

## Common questions

### How much does the Lloyds overdraft cost?

At £250 overdrawn for 30 days, Lloyds charges −£5.43 at its advertised 29.9% EAR. At £100 it’s −£2.17; at £500, −£10.87.

### Does Lloyds have an interest-free buffer?

No. Interest applies from the first pound of an arranged overdraft.

### Is Lloyds the cheapest overdraft?

Not at £250 overdrawn: it ranks #7 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.

[← Back to the leaderboard](https://overdrafts.com/#board)

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