ASDA Personal Loan
Full product details for the ASDA Personal Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
This product is no longer available...
ASDA no longer provide any loans. Compare loans from other providers, or use the options to the right.
ASDA Personal Loan Features & Benefits
| Loan Type | Unsecured | |
| Minimum Loan | £7,500 | The minimum advance is £7500. |
| Maximum Loan | £15,000 | The maximum advance is £15000. |
| Minimum Loan Term | 1 year | The minimum loan term is 12 months. |
| Maximum Loan Term | 7 years | The maximum loan term is 84 months. |
| Headline Representative APR | 7.9% | 7.9 |
| Headline Representative Loan Amount | £7,500 to £15,000 | |
| Early Repayment Charge | 2 months | You will be charged up to 2 months worth of interest should you choose to settle your ASDA loan early. |
| Deferred Start | 3 months | If you've chosen to pay nothing for the first three months your first payment will be taken by Direct Debit two months and 28 days after the date your loan account is opened. If you chose to start making repayments straight away your first payment will be taken 28 days after the date on which your loan account is opened. A welcome pack will be sent to you that will detail the date your first payment will be taken. |
| Debt Consolidation | yes | The loan can be used to consolidate debts. |
| Express Delivery | yes | |
| Credit Rating | good | Most suited to individuals who have an average income and a recent credit history free from credit defaults, arrears, CCJs or missed payments. The majority of applicants can be described as having a good credit rating. |
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Compare ASDA Personal Loan With These Loans
First Direct Personal Loan
- New customers get £7,000 to £15,000 headline representative loan amount from this Personal Loan.
- Customers can benefit from £0 minimum arrangement fee.
- Benefit from 7 yrs maximum loan term from First Direct.
- Applicants get 1 year minimum loan duration from this loan.
- Representative Example: The representative APR is 6.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.1% p.a. (fixed) you will repay £234.56 per month & £11,258.88 in total.
Ulster Bank Loan
- Maximum loan of £25,000 is offered to new customers.
- Customers will get 9.8 percent headline representative APR.
- Have the benefit of an arrangement fee of 0 percent from this loan.
- Loan offers a max loan term of 5 yrs.
- You get 1 mth deferred start.
- Representative Example: The representative APR is 9.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.8% p.a. (fixed) you will repay £250.63 per month & £12,030.24 in total.
HSBC Personal Loan
- You enjoy 8 years max loan term from the Personal Loan.
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- Applicants take advantage of £0 maximum arrangement fee.
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- This loan has a £0 arrangement fee.
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Halifax Loan
- Get a minimum loan duration of 1 yr from this loan.
- Introductory representative APR of 8.8%.
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- Get £7,000 minimum loan.
- 7 yrs max loan term is offered.
- This Halifax Loan has £7,000 to £15,000 promotional representative loan amount.
- Representative Example: The representative APR is 8.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 8.8% p.a. (fixed) you will repay £249.80 per month & £11,990.40 in total.
Zopa Young (20-25)
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- A minimum loan period of 3 years is offered by Zopa.
- New customers can get £1,000 to £1,099 headline representative loan amount.
- Applicants will get promotional representative APR of 9.16 percent.
- Minimum loan of £1,000 is available to customers.
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- Representative Example: The representative APR is 10.77% (fixed) so if you borrow £10,000 over 4 years at a rate of 10.77% p.a. (fixed)Arrangement fee £190,
Ulster Bank Ufirst Gold (Small)
- An arrangement fee of £0 is offered by Ulster Bank.
- Minimum arrangement fee of £0 is offered with Ufirst Gold (Small).
- Get 0 percent arrangement fee.
- Minimum loan of £1,000 is available to customers.
- Representative Example: The representative APR is 11.6% (fixed) so if you borrow £5,000 over 2 years at a rate of 11.6% p.a. (fixed) you will repay £233.17 per month & £5,596.08 in total.
FLM Loans FLM Personal Loan
- Minimum arrangement fee of £0 is offered to customers.
- New customers can get 1st payment due of 30 days.
- Customers can get £500 to £5,000 initial representative loan amount.
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- Representative Example: The representative APR is 49.9% (fixed) so if you borrow £5,000 over 2 years at a rate of 49.9% p.a. (fixed) you will repay £309.11 per month & £7,418.64 in total.
