Lloyd joined Ulster's provincial rival Munster on a short-term loan in November 2016. He made his competitive debut for Munster on 26 November 2016, coming on as a replacement for Duncan Williams in the 2016–17 Pro12 fixture against Treviso at Thomond Park. Lloyd's contract with Munster was extended until June 2017. He started against Ulster and scored a try, his first for Munster, in the southern provinces' 22–20 win on 15 April 2017. Lloyd had been a late call-up to the starting XV after Duncan Williams withdrew from the game with an injury.
