First Direct Personal Loan
Full product details for the First Direct Personal Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
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First Direct Personal Loan Features & Benefits
| 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. | |
| Loan Type | Unsecured | |
| Minimum Loan | £1,000 | The minimum advance is £1000. |
| Maximum Loan | £25,000 | The maximum advance is £25000. |
| Minimum Loan Term | 1 year | The minimum loan term is 12 months. |
| Maximum Loan Term | 7 years | The maximum loan term is 84months. |
| Headline Representative APR | 6.1% | 6.1 |
| Headline Representative Loan Amount | £7,000 to £15,000 | |
| Early Repayment Charge | 1 month | The early redemption charge is equivalent of 1 month interest. |
| Deferred Start | 1 month | 1 months |
| Debt Consolidation | yes | Debt consolidation allowed. |
| Express Delivery | no | Express delivery/transfer not available. |
| 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. |
| Availability | restricted | Available to existing First Direct customers only. |
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Compare First Direct Personal Loan With These Loans
Post Office Personal Loan
- This loan gives a headline representative APR of 7.4 percent.
- Applicants get £7,500 to £14,999 initial representative loan amount from this loan.
- £2,000 minimum loan is offered with this loan.
- You benefit from minimum arrangement fee of £0.
- Representative Example: The representative APR is 7.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.4% p.a. (fixed) you will repay £240.21 per month & £11,530.08 in total.
Bank of Scotland BOS Loan (Semi-exclusive/Existing Customers)
- Customers can get promotional representative APR of 9.9%.
- An arrangement fee of £0 is offered by Bank of Scotland.
- £7,000 to £15,000 headline representative loan amount is available to you.
- £1,000 minimum loan is available with BOS Loan (Semi-exclusive/Existing Customers).
- Representative Example: The representative APR is 9.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 9.9% p.a. (fixed) you will repay £251.33 per month & £12,063.84 in total.
Halifax Loan
- Halifax offers maximum loan term of 7 years.
- 8.8% headline representative APR.
- Minimum arrangement fee of £0.
- Enjoy an arrangement fee of 0 percent.
- £7,000 to £15,000 initial representative loan amount is available with the loan.
- Enjoy an arrangement fee of £0 from the loan.
- 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.
M&S Car Loan
- Applicants get £2,500 minimum loan from M&S.
- You enjoy 0 percent arrangement fee.
- A minimum arrangement fee of £0 is available from M&S.
- £7,500 to £15,000 headline representative loan amount is available with this loan.
- Maximum loan of £25,000.
- Get a max loan term of 7 yrs from this loan.
- Representative Example: The representative APR is 6% (fixed) so if you borrow £10,000 over 4 years at a rate of 6% p.a. (fixed)
Barclays Barclayloan
- Take advantage of an arrangement fee of £0.
- New customers benefit from 13.4% headline representative APR from the Barclayloan.
- Get £25,000 maximum loan from Barclays.
- Barclays offers minimum arrangement fee of £0.
- £12,100 to £15,000 introductory representative loan amount is available with this loan.
- Representative Example: The representative APR is 21.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 21.9% p.a. (fixed) you will repay £301.91 per month & £14,491.68 in total.
Ulster Bank Ufirst Gold (Small)
- New customers will get 1 month deferred start.
- You benefit from 0 percent arrangement fee from this Ufirst Gold (Small).
- Max loan term of 5 years.
- Arrangement fee of £0 is available with Ufirst Gold (Small).
- Get £10,000 to £19,999 promotional representative loan amount from Ulster Bank.
- 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.
