I think you can good deals on Lloyd ACs, however giving the savings will not be significant compared to a more mid range ac like LG/Samsung and there are plenty of choices in the marketplace I would suggest go for a well recommended one in forums like these.
There is very little feedback on Lloyd ac’s here or online. Most of the review on Mouthshut are bad however a couple of people I know have Lloyds and they are not unhappy. One of my friends has had a 1.5 ton 3 star Fedders Lloyd split for about 3 months now and it seems to perform as well as the Samsung I have if not slightly better in terms of cooling time, however my Samsung is a 2 year old model and the noise levels are about the same.
I think some of the newer ac’s being produced now are relatively silent and you should find out about the noise levels of the ac before buying.