Our Personal Loan is clear, upfront, and based on your personal circumstances - so you always know exactly what you’re getting. Whatever you need that little bit extra for, we're here to help you reach your goals.
Straightforward terms and 5.9% APR fixed for the duration of the loan – no matter how much you borrow.
It’s all up-front. No gimmicks. No confusing prices. No hidden charges. And no arrangement fees.
Just pop into a store. You can apply to borrow between £2,000 and £25,000. You could even get your money the same day.
We’re up front with our customers about everything. We’ve created this handy summary of our Personal Loan's key features so you can see the important information from the get-go.
|Fixed rate||Amount available||Repayments||Payments|
|5.9% APR Representative||£2K - £25K||1 - 5 years||Monthly|
APR stands for annual percentage rate. It’s intended to give you a more accurate idea of how much you are being charged when you borrow money. It takes into account the interest on the loan and other charges you have to pay, for example any arrangement fee if applicable.
You can apply for a Personal Loan if :
We’ll make a decision on whether to offer you a loan based on your personal circumstances.
When you apply for a loan we use a process called 'credit scoring' to carry out a credit assessment of you. Your credit score is based on things like your ability to repay, your credit history and how long you’ve lived at your address in the UK. Your score tells us whether we can offer you a loan.
As a responsible bank, we work with you to make sure you can afford your borrowing. We won’t give you a loan that we think will be bad for your financial wellbeing, based on our understanding of your personal circumstances. We don’t want to leave you struggling to make your loan repayments.
You may want to think about what impact a change in your circumstances would have on your ability to pay back your loan. For example, consider what would happen if:
These representative examples show how much you’d repay each month for a particular loan, and how much you’d repay in total.
|Loan Amount||Term||Representative APR||Fixed Interest Rate||Monthly Repayments||Total Payable|
|£3,000||36 months||5.9%||5.75% per year||£90.91||£3,272.77|
|£5,000||60 months||5.9%||5.75% per year||£96.08||£5,764.81|
|£10,000||60 months||5.9%||5.75% per year||£192.16||£11,529.62|
Download our PDF to read when you like - it contains all the ins and outs of our Personal Loan.
The amount we can lend you depends on how much you’ll be able to comfortably repay based on our understanding of your personal circumstances. We assess this using a process called credit scoring. This looks at things like your credit history and how long you’ve lived at your current address to help us come to a decision.
Find out more in:
There’s no arrangement fee, but you will pay interest on the loan. There is also no early repayment fee.
Yes. You get the same interest rate no matter how much you borrow. So you’ll know what you’ll pay right from the start. Once you’ve signed the contract, your rate is guaranteed for the duration of your loan.
It depends. As a responsible bank, we work with you to make sure you can afford your borrowing. We won’t give you another loan that we think will be bad for your financial wellbeing, based on our understanding of your personal circumstances. We don’t want to leave you struggling to make your monthly loan repayments because your total repayments are too big. If you think you can afford a second loan then we would consider it using credit scoring.
Yes, if it is affordable. If you've got lots of different debts and you are struggling to keep up with repayments, you can merge them altogether into one loan which can reduce your monthly payments. It can also help you if the loan is at a lower rate of interest than the ones you are currently paying – for example a loan compared with a credit card. But you could end up paying more overall in the end if you pay for longer.
Don't forget, you might need to pay fees and charges to your old lenders for switching your loan – so you need to be able to afford to do that too. If you do choose a debt consolidation loan then make sure you keep up the payments until the loan is repaid in full.
If debt is a problem for you, then you can get free confidential advice and help.
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