Compare Flexible Loans

Find a cheap flexible loan in minutes and apply online to secure the best loan rates with the help of our flexible loans comparison. We take the hassle out of finding the best flexible repayment loan by listing the interest rates available from all the cheapest lenders offering flexible payment loans in the UK.
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 LoanRepresentative APRFor Loan AmountsMinimum TermFlexible ReschedulingMaximum Term 
MinimumMaximum
Promoted Results
Zopa
Personal Loan
£1,000£20,0004.3%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total.
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Clydesdale Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement.
Yorkshire Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Tesco Bank
Personal Loan
£3,000£25,0004.5%£7,500 to £15,000
1
year
10
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.62 per month & £10,925.76 in total.
Hitachi Personal Finance
 
Personal Loan
£2,500£25,0004.5%£7,500 to £10,000
2
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Sainsbury's Bank
 
Standard Medium Loan (4-5 Yrs)
£7,500£15,0004.5%£7,500 to £15,000
4
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Different rates apply if you don't have a Nectar Card.
Derbyshire Building Society
 
Personal Loan
£5,000£20,0004.6%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total.
For a limited time, get 4.6% APR Representative for loans between £7,500 and £15,000.
M&S Bank
Personal Loan (New Customers)
£1,000£25,0004.8%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay £228.93 per month & £10,988.64 in total.
To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner.
To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over.
RBS
Internet Loan (Existing Customers)
£1,000£25,0004.9%£7,500 to £14,950
1
year
7
years
Representative Example: The Representative APR is 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.36 per month & £11,009.28 in total.
Available to existing customers only.
If you choose to repay your loan early, an early redemption charge of up to 58 days' interest will apply. Other loan amounts are available at alternative rates. Rates depend on circumstances and loan amount.
Sainsbury's Bank
 
Standard Small Loan (£5K-£7499) (4-5 Yrs)
£5,000£7,4995.7%£5,000 to £7,499
4
years
5
years
Representative Example: The Representative APR is 5.7% (fixed) so if you borrow £5,000 over 4 years at a rate of 5.7% p.a. (fixed) you will repay £116.41 per month & £5,587.68 in total.
Nationwide
Personal Loan
£7,500£25,0006.2%£7,500 to £14,999
1
year
5
years
Representative Example: The representative APR is 6.2% (fixed) so if you borrow £11,000 over 51 months at a rate of 6.2% p.a. (fixed) you will repay £245.04 per month & £12,497.04 in total.
Sainsbury's Bank
 
Standard Medium Loan (5+ Yrs)
£7,500£15,0006.5%£7,500 to £15,000
61
months
7
years
Representative Example: The Representative APR is 6.5% (fixed) so if you borrow £10,000 over 7 years at a rate of 6.5% p.a. (fixed) you will repay £147.60 per month & £12,398.40 in total.
Sainsbury's Bank
 
Standard Large Loan (5+ Yrs)
£15,001£25,0006.6%£15,001 to £25,000
61
months
7
years
Representative Example: The Representative APR is 6.6% (fixed) so if you borrow £20,000 over 7 years at a rate of 6.60% p.a. (fixed) you will repay £296.10 per month & £24,872.40 in total.
RateSetter
1 Year Loan
£1,000£25,0006.7%£5,000 to £14,999
1
year
23
months
Representative Example: The Representative APR is 6.7% (fixed) at a rate of 6.7% p.a. (fixed)Arrangement fee £115.75.
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Moneyway
Plus Loan
£3,000£15,0007.5%£7,001 to £15,000
1
year
5
years
Representative Example: The Representative APR is 7.9% so if you borrow £7,000 over 3 years at a rate of 7.9% p.a. (fixed) you will repay £218.15 per month & £7,853.40 in total.
Moneyway
Personal Loan
£1,000£15,00018.9%£12,001 to £15,000
1
year
5
years
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
UK Credit Ltd
Guarantor Loan
£1,000£7,50047.9%£1,000 to £7,500
1
year
5
years
Representative Example: £3,000 over 3 years, Annual interest rate 39.8% fixed, monthly payment £143.98. Interest payable £2,183.28. Total repayable £5,183.28. Representative 47.9% APR fixed.
UK Credit is a specialist, no fee guarantor loan provider. All bad credit considered. Please only apply if you have a homeowner guarantor to support your application.
Amigo Loans Ltd
Guarantor Loan
£500£5,00049.9%£500 to £5,000
1
year
5
years
Representative Example: The Representative APR is 49.9% (variable) so if you borrow £5,000 over 2 years at a rate of 41.16% p.a. you will repay £309.08 per month & £7,417.92 in total.
Struggling to get a loan even though you know can afford to pay it back? Amigo can lend you up to £5000 as long as you've got someone willing to back you up.
118 118 Money
Loan
£1,000£5,00099.9%£1,000 to £5,000
1
year
2
years
Representative Example: The Representative APR is 99.9% so if you borrow £2,000 over 2 years at a rate of 71% p.a. (fixed) you will repay £158.13 per month & £3,795.12 in total.
Ladder Loans
Loan
£500£1,500299.0%£500 to £1,500
6
months
18
months
Representative Example: The Representative APR is 299% so if you borrow £1,000 over 12 months at a rate of 147% p.a. (fixed) you will repay £163.10 per month & £1,957.20 in total.
Pounds to Pocket
 
Personal Loan
£200£2,000399.0%£200 to £2,000
1
year
1
year
Representative Example: The Representative APR is 399% so if you borrow £500 over 1 year at a rate of 172% you will repay £98.54 per month and £1182.50 in total.
Full Results
Zopa
Personal Loan
£1,000£20,0004.3%£7,500 to £15,000
2
years
5
years
Representative Example: The Representative APR is 4.3% so if you borrow £10,000 over 3 years at a rate of 4.3% p.a. (fixed) you will repay £296.42 per month & £10,671.12 in total.
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Clydesdale Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Apply online and get an instant decision. Any purpose loans. You can repay your loan in full and part at any time and they'll reduce the total credit payable under the agreement.
Yorkshire Bank
Personal Loan
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Clydesdale Bank
Personal Loan (Ex/C)
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Sainsbury's Bank
 
Standard Medium Loan (1-3 Yrs)
£7,500£15,0004.4%£7,500 to £15,000
1
year
3
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.4% p.a. (fixed) you will repay £435.65 per month & £10,455.60 in total.
Yorkshire Bank
Personal Loan (Ex/C)
£1,000£25,0004.4%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.4% p.a. (fixed) you will repay £227.20 per month & £10,905.60 in total.
Available to existing customers only.
Tesco Bank
Personal Loan
£3,000£25,0004.5%£7,500 to £15,000
1
year
10
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.62 per month & £10,925.76 in total.
Hitachi Personal Finance
 
Personal Loan
£2,500£25,0004.5%£7,500 to £10,000
2
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Sainsbury's Bank
 
Standard Medium Loan (4-5 Yrs)
£7,500£15,0004.5%£7,500 to £15,000
4
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Different rates apply if you don't have a Nectar Card.
Hitachi Personal Finance
 
Car Loan
£2,500£25,0004.5%£7,500 to £10,000
2
years
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.50 per month & £10,920.00 in total.
Santander
Branch Loan (123 Customers)
£1,000£20,0004.5%£7,500 to £20,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Available to existing customers only.
Santander
Branch Loan (Standard)
£1,000£20,0004.5%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Santander
Telephone Loan (123 Customers)
£1,000£20,0004.5%£7,500 to £20,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Available to existing customers only.
Santander
Telephone Loan (Standard)
£1,000£20,0004.5%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Santander
Select Loan (Select Customers)
£1,000£25,0004.5%£7,500 to £25,000
1
year
5
years
Representative Example: The Representative APR is 4.5% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.5% p.a. (fixed) you will repay £227.63 per month & £10,926.24 in total.
Available to existing customers only.
Derbyshire Building Society
 
Personal Loan
£5,000£20,0004.6%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.6% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.6% p.a. (fixed) you will repay £228.06 per month & £10,946.88 in total.
For a limited time, get 4.6% APR Representative for loans between £7,500 and £15,000.
M&S Bank
Personal Loan (Existing Customers)
£1,000£25,0004.7%£7,500 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.49 per month & £10,967.52 in total.
Available to existing customers only.
To apply for an M&S Loan, you must have an annual income of at least £10,000 and be aged 30 or over, or a homeowner aged 18 or over.
First Direct
Personal Loan
£1,000£25,0004.7%£7,000 to £15,000
1
year
7
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.7% p.a. (fixed) you will repay £228.67 per month & £10,976.16 in total.
Available to existing customers only.
M&S Bank
Car Loan (Existing Customers)
£2,500£25,0004.7%£7,500 to £15,000
1
year
5
years
Representative Example: The Representative APR is 4.7% (fixed) at a rate of 4.7% p.a. (fixed)
Available to existing customers only.
Sainsbury's Bank
 
Shopper Reward Med Loan (1-3 Yrs)
£7,500£15,0004.7%£7,500 to £15,000
1
year
3
years
Representative Example: The Representative APR is 4.7% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.7% p.a. (fixed) you will repay £436.93 per month & £10,486.32 in total.
Available to existing customers only.
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How to Find the Best Flexible Loans

The best flexible repayment loans let you pay back what you owe in a way that suits your circumstances. Our guide looks into how they work and what to consider when you apply.

Gold Coins

If you come into some money unexpectedly, there’s nothing more satisfying than making a big fat overpayment on debts such as a personal loan – or even paying it off in full.

Likewise, if your income is irregular the ability pay back more as and when you want to can put a large dent in the total interest owed. Unfortunately that option begins to look much less attractive when lenders charge a penalty for even the smallest overpayment beyond your fixed monthly amount. So what’s the solution?

A more flexible loan, where overpayments DON’T incur penalties, could be the answer, provided the loan itself fits your finances. We show you how to get value for money from your flexible loan.

What is a flexible personal loan?

As with normal personal loans, you’re able to borrow a set amount over an agreed period, almost always at a fixed rate of interest. The amount you repay each month will reflect the loan total plus interest divided by the term of the loan.

Added to that, a flexible loan gives you greater control of your repayments going forward – mainly the ability to overpay or repay the full balance early. Its “flexible” bolt-ons may include some or all of the following features:

Repaying it in your own time

Most flexible loan companies won’t impose early repayment charges for overpayments, or even paying off the entire amount early, whereas a fixed loan is likely to inflict fees for this.

This can hugely reduce the total interest you’ll pay back overall, as the interest due on each of your future payments is calculated using the total balance of the loan remaining.

A flexible loan still specifies a minimum payment you’ll need to make each month, so you must make sure it is affordable, but you’ll actually be able to pay anything between this amount and the total outstanding balance. This can be especially useful if the amount you earn each month varies greatly, for example if you earn commission-based wages.

Repayment holidays

Some loans come with the option of a repayment holiday, which allows you to request a break from paying anything back for a set period. As tempting as this may seem, the lender will still continue to charge interest on the loan, so this should be considered with caution and only as a short term emergency measure.

Flexible borrowing

With a loan for a one-off purchase, you know more or less how much you need to borrow meaning you’ll be able pay back the same sum each month and budget accordingly. But if an unexpected cost means you need to borrow more, you could find all doors are shut because of your existing loan.

Flexible loans offer two ways to get around this. Some lenders state that they will consider your application to bolt a second loan onto the first, rather than ruling it out by default.

Others may simply offer flexi loans that allow you to borrow what you need. Several UK banks offer flexible loans linked to your current account, which can be run through internet banking. These allow you to pick a maximum loan amount you might need in total, but only transfer funds to your current account as and when you need them. Interest will usually only be charged on the borrowing you draw down.

In this sense it’s not unlike an overdraft or credit card, but can often have a much higher credit limit. If you do choose a flexi loan, be careful that you work out exactly how you’ll pay it off. If you just stick to the minimum payments, it will take a long time to repay the loan and you’ll shell out the maximum interest.

Compare flexible loans

Once you’ve worked out what you need, look into which loans have the terms and flexibility that suits you. Since flexible loans often charge higher rates than their fixed counterparts, it’s even more important to find the best rate you can.

Check the total cost of each loan (balance + interest) and the would-be size of your monthly repayments, making sure each one fits into your budget. It’s also worth checking for any fees the lender charges, such as an arrangement fee. Always take these fees into account when you work out the total loan cost.

Once you’ve found the most suitable lenders, compare loans using our flexi loan comparison to get the best value. Assume that you will only pay the minimum monthly amount when you compare flexible loans so that you don’t get stung if you can’t overpay later on.

Before you apply, you should also check whatever alternative options may be available. A standard loan may yet prove cheaper if you’d save more paying its much lower interest than you’d incur in penalties for early/overpayment.

Finally, make sure to read the eligibility criteria plus any terms and conditions such as your age, minimum income and credit rating.

Most flexible loans are unsecured, meaning they’re based on the lender’s opinion of your ability to pay them back rather than by using your home as collateral. However, some flexible loans for bad credit are available where you’ll need to back up your application with a guarantor. Our guide explains what you need to know.

Loan Comparison

View all loan reviews.

Alternative Loans

You may want to compare the above loans with the following.

Bank of Ireland Personal Loan

  • Get 7,500 to 14,999 representative loan amount from Bank of Ireland.
  • 6 months minimum loan term is available.
  • You will get max loan term of 5 yrs.
  • Deferred start of 0 month is available with Personal Loan.
  • This loan gives a 7.7% representative APR.
  • Representative Example: The Representative APR is 7.7% (fixed) so if you borrow 10,000 over 4 years at a rate of 7.7% p.a. (fixed) you will repay 240.33 per month & 11,535.84 in total. Arrangement fee 65.

M&S Bank Personal Loan (New Customers)

  • New customers will benefit from arrangement fee (%) of 0 percent.
  • 7,500 to 15,000 representative loan amount is offered with the loan.
  • New customers get 25,000 maximum loan from the loan.
  • M&S Bank gives deferred start of 3 months.
  • 30 days 1st payment due is offered to new customers.
  • 4.8 percent representative APR is available.
  • Representative Example: The Representative APR is 4.8% (fixed) so if you borrow 10,000 over 4 years at a rate of 4.8% p.a. (fixed) you will repay 228.93 per month & 10,988.64 in total.

Sainsbury's Bank Standard Large Loan (4-5 Yrs)

  • 5 yrs maximum loan term.
  • You get 15,001 to 25,000 representative loan amount from the Standard Large Loan (4-5 Yrs).
  • Representative APR of 6.6% is available with Standard Large Loan (4-5 Yrs).
  • This Sainsbury's Bank loan has 2 months deferred start.
  • This Sainsbury's Bank Standard Large Loan (4-5 Yrs) has a minimum arrangement fee of 0.
  • Representative Example: The Representative APR is 6.6% (fixed) so if you borrow 20,000 over 5 years at a rate of 6.6% p.a. (fixed) you will repay 390.47 per month & 23,428.20 in total.

Nationwide Personal Loan

  • New customers take advantage of arrangement fee () of 0.
  • 5 years maximum loan term is available with Personal Loan.
  • New customers get 7,500 to 14,999 representative loan amount from Nationwide.
  • First payment due of 30 days.
  • Representative Example: The representative APR is 6.2% (fixed) so if you borrow 11,000 over 51 months at a rate of 6.2% p.a. (fixed) you will repay 245.04 per month & 12,497.04 in total.

Sainsbury's Bank Standard Large Loan (2-3 Yrs)

  • The loan has a 0 minimum arrangement fee.
  • A 6.5% representative APR is available.
  • Get a first payment due of 30 days from the Standard Large Loan (2-3 Yrs).
  • Customers get 0 arrangement fee () from Sainsbury's Bank.
  • Representative Example: The Representative APR is 6.5% (fixed) so if you borrow 20,000 over 3 years at a rate of 6.5% p.a. (fixed) you will repay 611.29 per month & 22,006.44 in total.

RateSetter Personal Loan

  • You will take advantage of representative APR of 5.4%.
  • You have the benefit of representative APR of 5.4 percent.
  • Get 5 years maximum loan term.
  • You get minimum loan of 1,000.
  • The RateSetter Personal Loan has a 1 year minimum loan length.
  • Max loan of 25,000.
  • Representative Example: The Representative APR is 5.4% (fixed) so if you borrow 8,000 over 24 months at a rate of 5.4% p.a. (fixed) you will repay 352.41 per month & 8,457.84 in total.