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Financial Conduct Authority Authorised & Regulated

AdmiralPersonal Loan

Admiral

Representative %APR (fixed)

8.2% APR

Monthly repayment

£180.74

Total charge for credit

£337.76

Total amount repayable

£4,337.76

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 8.2% (fixed) would result in a representative rate of 8.2% APR, monthly repayments of £180.74, total amount repayable is £4,337.76

ZopaPersonal Loan

Zopa

Representative %APR (fixed)

8.9% APR

Monthly repayment

£181.93

Total charge for credit

£366.32

Total amount repayable

£4,366.32

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 7.3% (fixed) would result in a representative rate of 8.9% APR, monthly repayments of £181.93, total amount repayable is £4,366.32 which includes an arrangement fee of £60

Special Offer

Enjoy a return flight to Europe when you take out an AA loan before 21st October 2019. T&Cs apply. Provided by the Bank of Ireland. AA Financial Services Limited is a credit broker not a lender.

AAPersonal Loan

AA

Representative %APR (fixed)

8.9% APR

Monthly repayment

£181.93

Total charge for credit

£366.32

Total amount repayable

£4,366.32

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 8.9% (fixed) would result in a representative rate of 8.9% APR, monthly repayments of £181.93, total amount repayable is £4,366.32

Post OfficePersonal Loan

Post Office

Representative %APR (fixed)

8.9% APR

Monthly repayment

£181.93

Total charge for credit

£366.32

Total amount repayable

£4,366.32

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 8.9% (fixed) would result in a representative rate of 8.9% APR, monthly repayments of £181.93, total amount repayable is £4,366.32

HitachiPersonal Loan

Hitachi

Representative %APR (fixed)

9.5% APR

Monthly repayment

£182.94

Total charge for credit

£390.56

Total amount repayable

£4,390.56

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 9.5% (fixed) would result in a representative rate of 9.5% APR, monthly repayments of £182.94, total amount repayable is £4,390.56

Tesco BankPersonal Loan

Tesco Bank

Representative %APR (fixed)

10.5% APR

Monthly repayment

£184.63

Total charge for credit

£431.12

Total amount repayable

£4,431.12

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 10.5% (fixed) would result in a representative rate of 10.5% APR, monthly repayments of £184.63, total amount repayable is £4,431.12

Fast Payout

Money with customers in less than an hour

LendablePersonal Loan

Lendable

Representative %APR (fixed)

12.0% APR

Monthly repayment

£187.15

Total charge for credit

£491.60

Total amount repayable

£4,491.60

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 12.0% (fixed) would result in a representative rate of 12.0% APR, monthly repayments of £187.15, total amount repayable is £4,491.60

GUARANTEED RATE

You are guaranteed to get the rate shown if you're accepted

shawbrookPersonal Loan

shawbrook

Representative %APR (fixed)

13.2% APR

Monthly repayment

£189.16

Total charge for credit

£539.84

Total amount repayable

£4,539.84

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 13.2% (fixed) would result in a representative rate of 13.2% APR, monthly repayments of £189.16, total amount repayable is £4,539.84

1st Stop GoldPersonal Loan

1st Stop Gold

Representative %APR (fixed)

18.5% APR

Monthly repayment

£197.95

Total charge for credit

£750.80

Total amount repayable

£4,750.80

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 18.5% (fixed) would result in a representative rate of 18.5% APR, monthly repayments of £197.95, total amount repayable is £4,750.80

ZutoCar Loan

Zuto

Representative %APR (fixed)

19.8% APR

Monthly repayment

£200.09

Total charge for credit

£802.16

Total amount repayable

£4,802.16

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 18.3% (fixed) would result in a representative rate of 19.8% APR, monthly repayments of £200.09, total amount repayable is £4,802.16

Existing Natwest Customers Only

Available to customers with a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone.

NatWest (Existing Customers)Personal Loan

NatWest (Existing Customers)

Representative %APR (fixed)

19.9% APR

Monthly repayment

£200.25

Total charge for credit

£806.00

Total amount repayable

£4,806.00

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 19.9% (fixed) would result in a representative rate of 19.9% APR, monthly repayments of £200.25, total amount repayable is £4,806

Existing Royal Bank of Scotland Customers Only

Available to customers with a Royal Bank of Scotland current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone.

Royal Bank of Scotland (Existing Customers)Personal Loan

Royal Bank of Scotland (Existing Customers)

Representative %APR (fixed)

19.9% APR

Monthly repayment

£200.25

Total charge for credit

£806.00

Total amount repayable

£4,806.00

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 19.9% (fixed) would result in a representative rate of 19.9% APR, monthly repayments of £200.25, total amount repayable is £4,806

besavviPersonal Loan

besavvi

Representative %APR (fixed)

22.9% APR

Monthly repayment

£205.15

Total charge for credit

£923.60

Total amount repayable

£4,923.60

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 22.9% (fixed) would result in a representative rate of 22.9% APR, monthly repayments of £205.15, total amount repayable is £4,923.60

1st StopPersonal Loan

1st Stop

Representative %APR (fixed)

24.9% APR

Monthly repayment

£208.39

Total charge for credit

£1,001.36

Total amount repayable

£5,001.36

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 24.9% (fixed) would result in a representative rate of 24.9% APR, monthly repayments of £208.39, total amount repayable is £5,001.36

CarFinance 247Car Loan

CarFinance 247

Representative %APR (fixed)

25.4% APR

Monthly repayment

£209.19

Total charge for credit

£1,020.56

Total amount repayable

£5,020.56

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 25.4% (fixed) would result in a representative rate of 25.4% APR, monthly repayments of £209.19, total amount repayable is £5,020.56

Trust Two (Homeowner Guarantor Required)Guarantor Loan

Trust Two (Homeowner Guarantor Required)

Representative %APR (fixed)

37.9% APR

Monthly repayment

£228.98

Total charge for credit

£1,495.52

Total amount repayable

£5,495.52

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 37.9% (fixed) would result in a representative rate of 37.9% APR, monthly repayments of £228.98, total amount repayable is £5,495.52

UK Credit (Homeowner Guarantor Required)Guarantor Loan

UK Credit (Homeowner Guarantor Required)

Representative %APR (fixed)

39.9% APR

Monthly repayment

£232.07

Total charge for credit

£1,569.68

Total amount repayable

£5,569.68

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 34.0% (fixed) would result in a representative rate of 39.9% APR, monthly repayments of £232.07, total amount repayable is £5,569.68

Guaranteed Rate

You are guaranteed to get the rate shown if you're accepted

118 118 MoneyPersonal Loan

118 118 Money

Representative %APR (fixed)

44.9% APR

Monthly repayment

£239.74

Total charge for credit

£1,753.76

Total amount repayable

£5,753.76

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 37.7% (fixed) would result in a representative rate of 44.9% APR, monthly repayments of £239.74, total amount repayable is £5,753.76

BambooGuarantor Loan

Bamboo

Representative %APR (fixed)

46.9% APR

Monthly repayment

£242.77

Total charge for credit

£1,826.48

Total amount repayable

£5,826.48

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 41.0% (fixed) would result in a representative rate of 46.9% APR, monthly repayments of £242.77, total amount repayable is £5,826.48

Bamboo Personal Loan

Bamboo

Representative %APR (fixed)

49.7% APR

Monthly repayment

£246.99

Total charge for credit

£1,927.76

Total amount repayable

£5,927.76

Representative Example

Representative Example and Representative APR.

The Representative Example shows you the Purchase APR, Representative APR and credit limit you could be offered by this provider.

Your personal offer may be different to this so make sure you read the details of any offer a lender makes you.

Your representative APR is the annualised rate of interest you will be charged on any balances that incur interest charges. The Representative APR is the rate that has to be offered to 51% of customers applying for a loan.

Borrowing £4,000 over 24 months at an annual interest rate of 41.0% (fixed) would result in a representative rate of 49.7% APR, monthly repayments of £246.99, total amount repayable is £5,927.76

We compare hundreds of loans from leading lenders

SantanderSainsbury'sNatwestTescoRBSRateSetter

Guide to personal loans

What is a personal loan?

Personal loans are one of the most common types of loans, commonly taken out by people looking to make a one-off essential purchase. Unlike with a secured loan lenders won’t require you to secure the loan against your property as personal loans are usually for smaller amounts. However this doesn’t mean they are without risk, and your credit rating may determine the size of the loan you will be able to take out.

There are literally 100s of personal loans, which are sometimes known as unsecured loans, to choose from, and while they can be a solid option when looking for small amounts of money, the sheer number of personal loans available to you can make it hard to find the right deal.

Here we look at the benefits and disadvantages of personal loans, and show you the other options available to you.

Pros and cons of personal loans

Personal loans have many uses - be it a holiday, home improvement or a wedding. However they can also help you organise your finances by being used to pay off existing debts so you only have to make one repayment each month. This might not be the most cost-efficient way of simplifying your finances, however it can reduce the chances that you will miss a payment each month.

A cheap personal loan can also sometimes allow you to borrow more than you might be able to with a credit card. Interest rates on personal loans are often fixed (but not always, so make sure you check before applying for one), giving you the chance to put a plan in place to ensure you don’t fall behind on repayments.

Of course personal loan interest rates can often be quite high compared to secured loans. Be sure to check the details of the loan before you apply for it as well. Obviously this applies to any type of loan, but personal loans sometimes have early repayment charges, which are not ideal if you find yourself in a position to pay off your debt entirely.

A bad credit rating can also impact the amount you are able to borrow, so be aware that lenders will look at this when considering giving you a loan.

Alternatives to a personal loan

Before applying for any loan you need to consider exactly what you need need the money for and then take the time to look into other options available to you.

Are you hoping to buy a car? In this case you should definitely look into car finance loans.

Personal loans are sometimes used in order to pay off multiple debtors to simplify finances, however if this is your plan then a debt consolidation loan could help you.

Remember, a personal loan isn’t the only way to borrow small amounts of money. If you are looking to borrow £3,000 or less a credit card might actually offer a better interest rate than a personal loan. The longest 0% purchase card offer is 27 months, which means if you are going to borrow less than £3,000 and are confident that you can repay the full amount within 27 months then this might be a good option for you.

Things to remember

The amount of money you are able to borrow with a personal loan will be limited if you have a bad credit rating. If this makes you nervous then don’t worry, there are other ways you can borrow money.

Cards for people with poor credit are, as the name suggests, perfect for people in this situation. Using our comparison tool you can find which of these cards you are most likely to be accepted by.

As we have already said, people often consider personal loans a risk-free option when compared to secured loans because they are not taken out against your house. While they might appear less risky, if you take out a personal loan and fall behind on your repayments then you can be taken to court and received a County Court Judgement (CCJ). This seriously damages your credit rating, making it very hard to find credit cards or cheap personal loans that will accept you in the future.

When taking out a loan or getting a credit card it is important that you have a budget plan in place to ensure that you are able to make the repayments each month. You should also know the length of time it will take you to repay the money back in full, as the longer it takes the more interest you will be paying, making the loan more expensive.

Missing payments on any loan will have severe consequences and may make obtaining credit more difficult in the future.

Think carefully before securing any debts against your home. Your home may be repossessed if you do not keep up repayments on your homeowner loan.

If you decide to take out a homeowner loan, you agree that your personal details will be sent to a credit broker who will contact you by telephone and/or email to find out more about your requirements. This allows the broker to ensure you are introduced to loan products which meet your individual requirements and financial circumstances.

Should you choose to make an application, the broker will advise you of any arrangement fee you may be charged when you take out a loan.