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Personal loans

Personal loans, or unsecured loans, are often the cheapest way to borrow money for expensive purchases and home improvements.

I want to borrow:

£

Over how long?

Loans displayed from 15 companies with term lengths between a minimum 1 year and maximum 10 years with a maximum 49.9% APR. How our loans calculator works.

How our loans calculator works

Our loans comparison shows how much each loan is likely to cost per month and in total. The amount we show is based on these assumptions:

  • The representative APR is the interest rate you'll be given
  • The loan amount you entered is the exact amount you'll borrow
  • You won't make any late or early repayments
  • You won't fail to make any of your loan repayments
  • You won't repay the loan before the end of the term
  • You won't make any overpayments or underpayments

Our comparison shows how much each loan should cost you, but the amount could be different if the way you repay it varies from the above assumptions. The amount could also be different if the lender offers you a different interest rate to the APR.

NatWest Online Personal Loan (Existing Customers Only)

NatWest Online Personal Loan (Existing Customers Only)
£7,893.36
Total amount repayable
£0
Fees
3.4% APR
Representative APR
£219.26 p/m
To pay off balance over 36 months
Apply
Representative example: 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.

Warning: Late repayments can cause you serious money problems. If you fall behind on your mortgage or debts secured against your home, it may be repossessed. 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.

Our providers

1plus1 Loans
1st Stop
1st Stop Personal Loans
AA
Amigo
Aspire Money
Bamboo Loans
Central Trust Ltd
Creditplus
Fluent Loans
George Banco
Guarantormyloan
Hitachi Capital (UK) PLC
Likely Loans
M&S Bank
Masthaven Bank Ltd
Monevo
My Car Credit
Nationwide
NatWest
Norton Home Loans
Optimum Credit Ltd
Paragon Bank PLC
Post Office
Prestige Finance Limited
RateSetter
Sainsbury's Bank
Shawbrook Bank Limited
Step One Finance Limited
Suco
Tesco Bank
TFS Loans
Together
TRUSTTWO
UK Credit Limited
United Trust Bank
West One Secured Loans Limited
Zopa
Zuto

About personal loans

While a credit card is a common way to borrow a small amount of money for a short time, and a mortgage a common way to borrow a large amount, unsecured personal loans can be the best way to borrow a fixed amount of between £1,000 and £50,000.

Why choose a personal loan?

For borrowing a certain fixed amount personal loans often work out the cheapest option when compared to borrowing on a credit card or working into your overdraft. However, to get the most out of your unsecured personal loan you need to know what to look out for.

How much can you borrow on a personal loan?

Unsecured personal loans are typically for borrowing anywhere from £1,000 to £50,000. Generally speaking loans are cheaper the higher the amount you borrow (as the lender is guaranteed more in interest repayments), although the upper limit for personal unsecured loans tends to be up to £50,000. Above that will usually be secured loans.

How do I know if a loan is good value?

The main criteria to look out for when comparing loans is the APR, or 'annual percentage rate'. The APR is what loan companies will advertise to you, and is an interest rate that includes fees and charges you will pay to give you an idea of the actual interest rate you will pay over the course of a year.

Loan providers are required by law to show you an APR so you can compare between different loans. The higher the APR, the more you will pay in interest over the lifetime of your loan.

What is a 'representative' APR?

Unfortunately, whilst APR is certainly the best way to compare different loans, finding out which APR you will be offered is trickier. A representative 'APR' shows you the interest rate that at least 51% of people who applied for the loan were offered.

That means that when you apply you may be offered a higher rate based on your credit history. Unfortunately you have no way of knowing this until you apply for the loan, which will leave a footprint on your credit file. Too many footprints and you may be turned down for loans in future.

What else should I know about loans?

The majority of loans make their money – and hence justify the lower APRs – by fixing the rate and term of the loan. So, for instance, if you borrow £1,000, you will know from the outset exactly how much per month you will be repaying and what your total interest payments are.

To counteract you paying back the loan early, loan providers may charge you early repayment penalties if you try and pay back too much of your loan too quickly. Some loan providers won't charge this, so read the fine print.

You should also know the difference between secured and unsecured loans. Secured loans are linked to your property, so if you can't pay back the loan your home may be repossessed, making them a very risky proposition.