Personal Loan

Borrow from £1,000 to £25,000 with a personal loan and make your goals a reality.

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Premier Personal Loan

Borrow up to £50,000 with a personal loan for Premier customers.

Top Up Loan

Borrow more when you need it to help cover whatever life brings your way.

What are you looking to use your loan for?

Debt Consolidation Loan

Help make your debts easier to manage with a single monthly repayment plan.

Home Improvement Loan

Make your dream home a reality with a home improvement loan.

Car Loan

Get a loan for a new or used car that you pay back at the speed you want.

A personal loan can help you pay for renovations to your home, cover school fees and even pay off high-interest debts.

But before taking out a personal loan, it’s worth taking some time to understand how they work and what the charges are. This way you’ll be able to ensure it’s the right option for you and can avoid any unexpected costs down the line.

How does a personal loan work?

Here are some of the key elements of a personal loan:

 

  • you can usually borrow between £1,000 to £25,000

  • loan repayments are usually fixed and monthly, this can help with budgeting

  • you can spread your repayments over one to eight years, but the longer you take to pay back your loan, the more interest you’ll have to pay

  • you can consolidate existing debts into one personal loan, so you only have one set of repayments

  • What to look out for

    Here are some of the key things to consider before taking out a personal loan:

     

    • the minimum personal loan amount is usually £1,000

    • personal loans might have higher interest rates compared to other types of lending

    • the interest rate advertised isn’t necessarily the one you’ll receive, as this will be based on your loan amount, loan term and also your credit history

    • any time you take on debt there is an element of risk. Will you be able to meet your repayments? If your financial situation was to change, would you still be able to comfortably meet your repayments?

    • if you miss repayments or default on your personal loan it may impact your credit score, this can impact your ability to borrow in the future