Lloyds Banking Group has launched its latest mobile banking innovation, which allows Lloyds Bank, Halifax and Bank of Scotland personal customers to a lease a car fully online through its specialist Lex Autolease brand.

Customers can research and review options that fit their budget, choose a customised leasing option, and check financial eligibility before finalising the contract.

Over 4,000 new models are available to choose from, including 16% electric vehicles and 27% hybrid.

Nick Williams, Transport Managing Director, Lloyds Banking Group, said: “Our new online car leasing journey demonstrates how we are responding to customers’ desire for more control and flexibility in managing their money. It’s also the latest example of how we are delivering on our broader sustainability commitments. By offering a wide range of lower emissions vehicles, we are working towards removing barriers to accessibility and affordability of usership.”

Lloyds Banking Group is the only UK financial services provider that enables customers to manage all their banking and pension needs in one place via its apps.

The new offering is available now.