Full product details for the Northern Bank Personal Loan, including loan details, application criteria, rates, suitability, fee & charges, example costs, facilities, restrictions and incentives.
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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 £248.93 per month & £11,948.64 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
5 years
The maximum loan term is 60months.
Headline Representative APR
9.4%
9.4
Headline Representative Loan Amount
£10,000 to £25,000
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
Existing customers only.
Application Criteria
Permanent UK Resident
yes
This product is only available to individuals who are permanent UK residents.
Existing Customers Only
yes
Existing customers only.
Minimum Age
18 years
The minimum age is 18 years.
Minimum Income
£0
Minimum income of £0 pa required.
Geographical Restrictions
no
There are no geographical restrictions.
Guarantor Required
no
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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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) you will repay £234.11 per month & £11,237.28 in total.
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Representative Example: The representative APR is 338.2% (fixed) so if you borrow £5,000 over 2 years at a rate of 338.2% p.a. (fixed) you will repay £691.12 per month & £16,586.88 in total. Arrangement fee £35,
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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.
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Personal Loan gives a headline representative APR of 7.9%.
You get £2,000 minimum loan from this Personal Loan.
Get 30 days 1st payment due.
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Personal Loan gives an arrangement fee of 0 percent.
Representative Example: The representative APR is 7.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 7.9% p.a. (fixed) you will repay £243.73 per month & £11,699.04 in total.