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Looking for a personal loan, unsecured loan or a 12 month loan? We compare a range of loans to help you find a loan that works for you.
£

Loans displayed have term lengths between 6 months and 10 years, 3.3% APR and 49.9% APR.

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APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

HSBC Personal Loan

  • Option of repayment holidays
  • Make overpayments without charge
  • Personalised quote online without affecting your credit score
More info
3.3% APR Representative
£7,881.84
£218.94 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • have a bank or building society account with a Direct Debit facility*
  • Channel Island and Isle of Man customers must have an HSBC current account
  • have an annual income/pension before tax of £10,000 or more
  • be a resident of the UK
  • be over 18

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £218.94 and a total amount repayable of £7,881.84.

HSBC Personal Loan For Current Account Holders

  • Personalised quote online without affecting your credit score
  • Instant credit decision, same day funds
  • Make overpayments without charge
More info
3.3% APR Representative
£7,881.84
£218.94 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • have an HSBC current account, other than basic
  • have an annual income/pension before tax of £10,000 or more
  • be a resident of the UK
  • be over 18

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £218.94 and a total amount repayable of £7,881.84.

Sainsbury's Nectar Cardholders Loan

  • Payment holiday options available
  • APR Price Promise (T&Cs apply)
More info
3.3% APR Representative
£7,881.84
£218.94 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 18 to 80
  • Good credit history
  • £7500 or more income
  • Have a Nectar Card

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £218.94 and a total amount repayable of £7,881.84.

Zopa Personal Loan

  • No early repayment fees
  • Simple, quick online process to apply
  • Free instant quote with no impact on credit score
  • Peer-to-peer loan
More info
3.3% APR Representative
£7,881.84
£218.94 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged 20 or older
  • 3 years of address history in the UK
  • Annual income of at least £12,000
  • Good credit history
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.0% per annum and a fee of £30.00 would result in a representative rate of 3.3% APR, monthly repayments of £218.94 and a total amount repayable of £7,881.84.

M&S Personal Loan - Cardholders Only

  • Fixed monthly repayments
  • Option to defer your repayments for 3 months
More info
3.3% APR Representative
£7,881.84
£218.94 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • annual income of at least £10,000
  • UK resident
  • aged 18 or over
  • Hold either a M&S Credit Card, M&S Chargecard or M&S Budgetcard

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £218.94 and a total amount repayable of £7,881.84.

M&S Personal Loan - New customers

  • Fixed monthly repayments
  • Option to defer your repayments for 3 months
More info
3.3% APR Representative
£7,881.84
£218.94 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • annual income of at least £10,000
  • UK resident
  • aged 18 or over

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £218.94 and a total amount repayable of £7,881.84.

Tesco Bank Personal Loans for Clubcard Customers

  • Debt consolidation allowed
More info
3.4% APR Representative
£7,893.36
£219.26 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • 18 & older
  • Good credit quality
  • Be a Clubcard Customer

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.4% per annum would result in a representative rate of 3.4% APR, monthly repayments of £219.26 and a total amount repayable of £7,893.36.

Nationwide Personal Loan (Current Account Customers Only)

  • Debt consolidation allowed
  • No set-up fees or hidden charges
  • Instant online decision
More info
3.4% APR Representative
£7,893.36
£219.26 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 18 or older
  • Existing customers only
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.4% per annum would result in a representative rate of 3.4% APR, monthly repayments of £219.26 and a total amount repayable of £7,893.36.

Sainsbury's Personal Loan

  • Payment holiday options available
  • APR Price Promise (T&Cs apply)
More info
3.4% APR Representative
£7,893.36
£219.26 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 18 to 80
  • Good credit history
  • £7,500 or more income

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.4% per annum would result in a representative rate of 3.4% APR, monthly repayments of £219.26 and a total amount repayable of £7,893.36.

cahoot Personal Loan

  • 5 minute application
  • Quick decision
More info
3.44% APR Representative
£7,898.04
£219.39 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 21 or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.4% per annum would result in a representative rate of 3.4% APR, monthly repayments of £219.39 and a total amount repayable of £7,898.04.

Tesco Bank Personal Loans

  • Debt consolidation allowed
More info
3.5% APR Representative
£7,904.88
£219.58 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • 18 & older
  • Good credit quality

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.5% per annum would result in a representative rate of 3.5% APR, monthly repayments of £219.58 and a total amount repayable of £7,904.88.

Ratesetter Personal Loan

  • Debt consolidation allowed
  • No early repayment charge
  • Money in your bank in one working day
More info
3.5% APR Representative
£7,904.88
£219.58 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • UK resident
  • 24 & older
  • Good credit quality

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.3% per annum and a fee of £21.00 would result in a representative rate of 3.5% APR, monthly repayments of £219.58 and a total amount repayable of £7,904.88.

Santander Personal Loan

  • 5 minute application
  • Quick decision
More info
3.64% APR Representative
£7,921.08
£220.03 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • 21 & older
  • Good credit quality

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.6% per annum would result in a representative rate of 3.6% APR, monthly repayments of £220.03 and a total amount repayable of £7,921.08.

Hitachi Personal Loan

  • Debt consolidation allowed
  • Personalised quote
  • Easy online application, instant decision
  • No arrangement fees
More info
3.8% APR Representative
£7,939.80
£220.55 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged 21 or older
  • Permanent paid employment, self-employed or retired with a pension

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.8% per annum would result in a representative rate of 3.8% APR, monthly repayments of £220.55 and a total amount repayable of £7,939.80.

NatWest Online Personal Loan (Current Account Customers Only)

  • 5 minute application
  • Quick decision
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 21 or older
  • Existing customers only
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.

Post Office Money Personal Loans

  • Post Office Money Personal Loans
  • Online application process with a decision straight away where possible
  • No hidden charges or arrangement fees
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • New customers must be aged between 21 and 70 and be a UK resident for a minimum of 3 years
  • You must have an annual income of at least £12,000. If self employed you must have been so for over 2 years
  • Have a UK based bank or building society account that can pay direct debits
  • Not have a history of County Court Judgements or bankruptcy
  • Additional criteria for acceptance from the lender may apply

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.

RBS Online Personal Loan

  • Debt consolidation allowed
  • No set-up fee
  • View and track your loan in Digital Banking
  • Current account customers only
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • 21 or older
  • Good

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.

AA Personal Loan

  • Simple online application and instant decision
  • No arrangement or set up fee
  • Fixed monthly repayments, for the duration of your loan
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 23 or older
  • No bankruptcy or CCJs and homeowners are more likely to be accepted

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.

TSB Personal Loan (Current Account Customers Only)

  • Must be a TSB customer account holder for longer than 3 months
  • Same day funding if approved
  • Take up to 2 repayment holidays per year
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged 18 or Older
  • Must have held a TSB Current Account for at least 3 months
  • Good credit history
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.8% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.

NatWest Debt Consolidation loan

  • 5 minute application
  • Quick decision
  • Possibility to lower monthly payments
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be a UK resident
  • Aged 18 or over
  • Only available to current account holders

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.

RBS Debt Consolidation loan

  • 5 minute application
  • Quick decision
  • Possibility to lower monthly payments
More info
3.9% APR Representative
£7,951.32
£220.87 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be a UK resident
  • Aged 18 or over
  • Only available to current account holders

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.9% per annum would result in a representative rate of 3.9% APR, monthly repayments of £220.87 and a total amount repayable of £7,951.32.
exclusive

Fluent Personal Loan

  • No early repayment fees
  • Simple, quick online application
  • Free instant quote with no impact on credit score
  • Debt consolidation allowed
More info
4.0% APR Representative
£7,962.84
£221.19 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged 20 or older
  • 3 years of address history in the UK
  • Annual income of at least £12,000
  • Good credit history
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 4.0% per annum would result in a representative rate of 4.0% APR, monthly repayments of £221.19 and a total amount repayable of £7,962.84.

Nationwide Personal Loan

  • Debt consolidation allowed
  • No set-up fees or hidden charges
  • Instant online decision
More info
4.6% APR Representative
£8,032.32
£223.12 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 18 or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 4.6% per annum would result in a representative rate of 4.6% APR, monthly repayments of £223.12 and a total amount repayable of £8,032.32.

Lending Works Personal Loan

  • No repayment holidays
  • Funds available within 24 hours
  • No fees for early repayment
More info
5.92% APR Representative
£8,184.96
£227.36 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Excellent Credit Required
  • Permanent UK resident
  • Aged 21 or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 4.7% per annum and a fee of £135.00 would result in a representative rate of 5.9% APR, monthly repayments of £227.36 and a total amount repayable of £8,184.96.

QuidCycle Debt Consolidation Loan

  • Loan paid direct to creditors (can keep one credit card open)
  • Earn up to 4% bonus for financial success – terms apply
  • Financial Education to help achieve your goals
More info
6.2% APR Representative
£8,217.72
£228.27 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 6.2% per annum would result in a representative rate of 6.2% APR, monthly repayments of £228.27 and a total amount repayable of £8,217.72.

Lendable Personal Loan

  • Instant Decision
  • Same-day funds
  • No early repayment fees
More info
6.7% APR Representative
£8,275.68
£229.88 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 20 or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.6% per annum and a fee of 4.8% would result in a representative rate of 6.7% APR, monthly repayments of £229.88 and a total amount repayable of £8,275.68.
new release

Opal homeowner loan

  • Same day decision
  • Accepted Rates based on your individual circumstances considered
More info
14.1% APR Representative
£9,131.76
£253.66 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be 25 years or older.
  • Earn a gross annual income greater than £15 000.
  • Must be a UK homeowner.
  • Did not miss any payments on your mortgage in the last 12 months.
  • Are not bankrupt, currently under IVA or on a Debt Management Arrangement.
  • Did not have any CCJ's in the last 12 months.

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 14.1% per annum would result in a representative rate of 14.1% APR, monthly repayments of £253.66 and a total amount repayable of £9,131.76.

Citrus Loan

  • Same day funding
  • Loans available to suit most circumstances
More info
22.5% APR Representative
£10,098.72
£280.52 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Be employed
  • Minimum yearly income of £12,000
  • Aged 18 to 65
  • Homeowners and tenants considered
  • Adverse credit considered

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 20.5% per annum would result in a representative rate of 22.5% APR, monthly repayments of £280.52 and a total amount repayable of £10,098.72.

1st Stop Personal Loan

  • Loans available to suit most circumstances
  • Online immediate decision
  • Soft credit check to determine eligibility without leaving a mark on your credit report
More info
28.1% APR Representative
£10,738.08
£298.28 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be at least 21 years old
  • More than £15,000 annual income
  • Homeowners and tenants accepted
  • Available for fair credit customers
  • In employment for minimum of 6 months
  • Registered on the Voters Roll
  • Resident in England,Scotland or Wales

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 12.0% per annum and a fee of 7.5% would result in a representative rate of 28.1% APR, monthly repayments of £298.28 and a total amount repayable of £10,738.08.

1st Stop Debt Consolidation Loan

  • Loans available to suit most circumstances
  • Online immediate decision
  • Soft credit check to determine eligibility without leaving a mark on your credit report
More info
28.1% APR Representative
£10,738.08
£298.28 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be at least 21 years old
  • More than £15,000 annual income
  • Homeowners and tenants accepted
  • Available for fair credit customers
  • In employment for minimum of 6 months
  • Registered on the Voters Roll
  • Resident in England,Scotland or Wales

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 12.0% per annum and a fee of 7.5% would result in a representative rate of 28.1% APR, monthly repayments of £298.28 and a total amount repayable of £10,738.08.

1st Stop Personal Loan For Homeowners

  • Loans available to homeowners
  • Online immediate decision
  • Soft credit check to determine eligibility without leaving a mark on your credit report
More info
28.1% APR Representative
£10,738.08
£298.28 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be at least 21 years old
  • More than £15,000 annual income
  • Only homeowners considered
  • Available for fair credit customers
  • In employment for minimum of 6 months
  • Registered on the Voters Roll
  • Resident in England,Scotland or Wales

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 12.0% per annum and a fee of 7.5% would result in a representative rate of 28.1% APR, monthly repayments of £298.28 and a total amount repayable of £10,738.08.

AvantCredit Personal Loan

  • Rates starting at 9.3% with no arrangement or early payment fees
  • Fast funding within the same day of submitting the easy online application
  • Not required to have a guarantor or be a homeowner
More info
29.3% APR Representative
£10,874.88
£302.08 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 18 & older
  • Homeowners & tenants considered
  • Minimum net monthly income (take-home pay) of £700
  • Self-employed and benefits considered
  • No unsatisfied CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 29.3% per annum would result in a representative rate of 29.3% APR, monthly repayments of £302.08 and a total amount repayable of £10,874.88.
new release

Opal homeowner loan

  • Same day decision
  • Accepted Rates based on your individual circumstances considered
More info
29.9% APR Representative
£10,942.92
£303.97 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be 25 years or older.
  • Earn a gross annual income greater than £15 000.
  • Must be a UK homeowner.
  • Did not miss any payments on your mortgage in the last 12 months.
  • Are not bankrupt, currently under IVA or on a Debt Management Arrangement.
  • Did not have any CCJ's in the last 12 months.

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 29.9% per annum would result in a representative rate of 29.9% APR, monthly repayments of £303.97 and a total amount repayable of £10,942.92.

1st Stop Personal Loan For Bad Credit

  • Loans available to suit most circumstances
  • Online immediate decision
  • Soft credit check to determine eligibility without leaving a mark on your credit report
More info
38.7% APR Representative
£11,934.72
£331.52 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Must be at least 21 years old
  • More than £15,000 annual income
  • Homeowners and tenants accepted
  • Available for fair credit customers
  • In employment for minimum of 6 months
  • Registered on the Voters Roll
  • Resident in England,Scotland or Wales

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 17.2% per annum and a fee of 7.5% would result in a representative rate of 38.7% APR, monthly repayments of £331.52 and a total amount repayable of £11,934.72.

UK Credit Guarantor Loan

  • Direct lender, no upfront fees
  • Secure online application with fast pay-out
  • Loans from £1,000 to £10,000
More info
39.9% APR Representative
£12,069.00
£335.25 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Aged between 18 and 65
  • UK resident
  • Guarantor must be homeowner

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 34.1% per annum would result in a representative rate of 39.9% APR, monthly repayments of £335.25 and a total amount repayable of £12,069.00.

Suco Guarantor Loan

  • Available to bad and fair credit customers
  • Funds May Be Transferred Same Day
More info
44.9% APR Representative
£12,624.84
£350.69 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Available to UK resident Only (excluding Northern Ireland)
  • Guarantor Must be a Home Owner and not a partner of the applicant
  • Aged 18 to 75
  • Bad Credit Specialists
  • CCJ's & Defaults considered
  • All income accepted including benefits subject to affordability

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 37.7% per annum would result in a representative rate of 44.9% APR, monthly repayments of £350.69 and a total amount repayable of £12,624.84.
new release

Aspire money loan

  • Same day funding
  • Loans available to suit most circumstances
More info
49.9% APR Representative
£13,174.92
£365.97 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Be employed
  • Minimum yearly income of £12,000
  • Aged 18 to 65
  • Homeowners and tenants considered
  • Adverse credit considered

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 6.4% per annum would result in a representative rate of 49.9% APR, monthly repayments of £365.97 and a total amount repayable of £13,174.92.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

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Frequently asked questions

What is the difference between a loan and other forms of borrowing?

Loans give you a fixed cash lump sum, unlike credit cards which only give you a credit limit for spending on your card.

With a loan you can spend this money as you like; most people use a loan for home improvements, large purchases (like cars or furnishings) or debt consolidation.

Unlike a credit card or mortgage the cost of a loan is fixed. This means your monthly repayments are fixed for the duration of the loan repayment period.

What types of loans are there and what can I use them for?

This depends on what you are borrowing the money for, your credit score, how much you want to borrow, how much you can afford to pay back each month, and how much you want to pay overall.

Personal loans

These loans are unsecured borrowing that you can use for any purpose. Typically you can borrow between £1,000 and £35,000 for periods between one and seven years.

Car loans

These are loans designed to help you buy a car. They are sometimes secured against the car, and sometimes unsecured debt. If you want to buy a car you can get a finance offer from most dealerships, but applying for finance in advance could get you better deal and make you feel less pressured by salespeople when buying a car.

Debt consolidation

This loan can be used to pay off existing debts, which can reduce the size of monthly repayments whilst increasing the period of time the loan is repaid over. But consolidating debts with a loan will always cost more than just repaying the debts, so make sure the cost of a debt consolidation loan doesn’t dramatically exceed the cost of existing loans.

Bad credit loans and guarantor loans

These loans are designed for people who have poor credit scores. They are largely unsecured loans and typically more expensive than personal loans. Guarantor loans enable those with bad credit to borrow money if they can find a friend or family member willing to act as a guarantor (someone who will promise to repay the loan if the borrower defaults).

Secured loans

These loans can have repayment periods lasting as long as 30 years. This can make monthly repayments more manageable but will drive up the lifetime cost of the loan. You can borrow very large amounts (up to around £100,000) with a secured loan.

What is the difference between secured and unsecured loans?

Loans are either secured or unsecured, you should think about which option would be best for you

Secured loans are offered against security (i.e. your property or car), which can be used to recoup the lender’s money if you default. All secured loans and some car loans are secured debt.

Unsecured loans are offered against your credit score, which means you don’t have to offer any security to borrow the money. All personal loans are unsecured, as are most bad credit loans (including guarantor loans), debt consolidation loans and car loans.

What makes one loan better than another?

The cost of a loan is the most important thing to compare. This can be compared with representative APR. It is the cost of the loan in total and includes fees and interest rates. The lower the APR the cheaper the loan.

As well as APR you can also look at the total amount you will repay and compare how much each loan will cost you over its lifetime.

You can also look at upfront loan fees that will vary with different lenders.

Is APR is the only thing to consider when comparing loans?

As well as APR and cost you should think about the repayment period of the loan.

Typically the longer this is the lower your monthly repayments will be. So if a lender offers a loan over a longer period of time this might suit your needs more. But bear in mind the longer your take to repay your loan the more it will cost.

You can also take into account how speedily your application will be processed and how long it will take the money to be deposited into your account. Some lenders can process a loan within 24 hours but most typically take round 3 days to a week, depending on credit checks and other documentations.

There are also introductory offers and incentives available with some loans, like free AA breakdown cover.

Finally you should think about which lender you are borrowing money from. This is much harder to compare, but different companies offer different levels of service. Think about reputation, look at awards and read reviews to find out if you’re going to like who you’re going to be dealing with.

What does 'will I get this loan' mean?

This button brings up a list of minimum eligibility criteria for borrowing this loan - if you can meet these, then it’s likely you will be able to successfully apply for this loan although the rate you receive can vary.

Not all loans are available to everyone. Typically you will need to have a minimum income level and an average to good credit score to be able to borrow. Often minimum and maximum age limits also apply.

Guarantor loans require you to be able to provide the details of someone willing to act as your guarantor (for both the purposes of speeding your application and to avoid surprising any family or friends it’s best to clear this with someone before entering their name and details).

On the simplest level secured loans will also require you to be a UK homeowner, but more complicated equity thresholds may apply.

Why would I be turned down for a loan?

There can be any number of reasons you may be refused a loan. Most likely is failing a credit check because you have poor credit and are applying for a loan that is only available to those with good credit scores.

Checking your credit report is always a good place to start before you apply for a loan. You can know your score to avoid applying for loans you won’t be able to get and fix errors in your report.

You can improve your credit score by paying off any existing debts and responsible borrowing through ‘credit building’ credit cards. Guarantor loans can also help you rebuild a poor credit score.

You might also not pass affordability criteria if you’re applying to borrow more than you could afford to repay each month once your expenses and income has been taken into account.

You may also be too young to apply (under 18, 21 or 22 depending on the loan), or too old (upper age limits are normally around 75).

What happens when I hit the ‘apply’ button?

This will take you through to the lender’s website where you can get more details about this loan, read the terms and conditions, and begin the application process.

Often this will involve filling out a secure online form with your personal and financial details, so if you can’t remember these you may want them close at hand.

In the case of secured loans you will be put through to a reference page, from here you can a call our broker to apply for this loan or request a call back.

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