Hitachi Personal Finance Personal Loan
Loan AmountRepresentative APRLoan Term
£2,500 to £25,0004.1%
(£7,500 to £10,000)
2 years to 5 years
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
 
Tesco Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£3,000 to £25,0004.1%
(£7,500 to £15,000)
1 year to 10 years
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
 
Sainsbury's Bank Standard Medium Loan (4-5 Yrs) Ex/C
Loan AmountRepresentative APRLoan Term
£7,500 to £15,0004.1%
(£7,500 to £15,000)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 4.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.1% p.a. (fixed) you will repay £225.90 per month & £10,843.20 in total.
 
AA Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.3%
(£7,500 to £15,000)
2 years to 5 years
Plus free AA Breakdown cover for a year. For T&C’s see website.
Excellent credit rating required. Homeowners are more likely to be accepted.
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Clydesdale Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.3%
(£7,500 to £15,000)
1 year to 7 years
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.
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Santander Internet Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £20,0004.3%
(£7,500 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.94 per month & £10,893.12 in total.
 
Yorkshire Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.3%
(£7,500 to £15,000)
1 year to 7 years
Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total.
 
Zopa Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.7%
(£7,500 to £15,000)
2 years to 5 years
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.
Representative Example: The Representative APR is 4.7% so if you borrow £10,000 over 3 years at a rate of 4.7% p.a. (fixed) you will repay £298.14 per month & £10,733.04 in total.
 
Alphalend 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0004.8%
(£1,000 to £10,000)
1 year
Before you continue make sure you meet the following criteria: permanent UK resident, min. age 18 & good credit rating required
Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £5,000 over 24 months at a rate of 4.8% p.a. (fixed) you will repay £428 per month & £5,136 in total.
 
RBS Internet Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.9%
(£7,500 to £14,950)
1 year to 7 years
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.
Available to existing customers only.
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.
 
Alphalend 2 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.3%
(£1,000 to £10,000)
2 years
Before you continue make sure you meet the following criteria: permanent UK resident, min. age 18 & good credit rating required
Representative Example: The Representative APR is 5.3% (fixed) so if you borrow £5,000 over 24 months at a rate of 5.3% p.a. (fixed) you will repay £220 per month & £5,280 in total.
 
Sainsbury's Bank Standard Small Loan (£5K-£7499) (4-5 Yrs)
Loan AmountRepresentative APRLoan Term
£5,000 to £7,4995.4%
(£5,000 to £7,499)
4 years to 5 years
Representative Example: The Representative APR is 5.4% (fixed) so if you borrow £5,000 over 4 years at a rate of 5.4% p.a. (fixed) you will repay £115.76 per month & £5,556.48 in total.
 
Alphalend 3 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.8%
(£1,000 to £10,000)
3 years
Before you continue make sure you meet the following criteria: permanent UK resident, min. age 18 & good credit rating required
Representative Example: The Representative APR is 5.8% (fixed) so if you borrow £5,000 over 36 months at a rate of 5.8% p.a. (fixed) you will repay £152 per month & £5,472 in total.
 
Nationwide Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0005.9%
(£7,500 to £14,999 )
1 year to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 5.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.9% p.a. (fixed) you will repay £233.69 per month & £11,217.12 in total.
 
Sainsbury's Bank Standard Medium Loan (5+ Yrs) Ex/C
Loan AmountRepresentative APRLoan Term
£7,500 to £15,0006.1%
(£7,500 to £15,000)
61 months to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 6.0% (fixed) so if you borrow £10,000 over 7 years at a rate of 6.0% p.a. (fixed) you will repay £145.32 per month & £12,206.88 in total.
 
Nationwide Personal Loan
Loan AmountRepresentative APRLoan Term
£7,500 to £25,0006.2%
(£7,500 to £14,999)
1 year to 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.
 
Ulster Bank Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,000 to £14,950)
1 year to 5 years
You must be an existing Ulster Bank customer and be registered for Anytime banking to apply online.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.86 per month & £11,321.28 in total.
 
NatWest Personal Loan Ex/C
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£7,500 to £14,950)
1 year to 7 years
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.
Available to existing customers only.
Representative Example: The Representative APR is 6.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.4% p.a. (fixed) you will repay £235.77 per month & £11,316.96 in total.
 
Sainsbury's Bank Standard Large Loan (5+ Yrs)
Loan AmountRepresentative APRLoan Term
£15,001 to £25,0006.6%
(£15,001 to £25,000)
61 months to 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.
 
Moneyway Plus Loan
Loan AmountRepresentative APRLoan Term
£3,000 to £15,0007.5%
(£7,001 to £15,000)
1 year to 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.
 

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How to Compare Low Interest Loans

We help you compare low interest personal loans so you can easily find the cheapest loan for your circumstances.

Pound Notes

Low interest rate loans can either be secured on your property, or unsecured, but they both tend to be available over periods of one to seven years - although some secured loans can be extended over a longer period.

The longer repayment period means lenders can offer significantly lower interest rates than those available on payday loans, and that whatever your timescale you should be able to find a low interest loan to meet your needs.

However, a number of factors beyond just your timescale will impact which loan is right for you.

So whether you're after low interest loans for bad credit, or want a low interest loan to pay off debt, you'll need to consider:

Secured or unsecured?

To be offered a secured loan you'll need to own a property or - in some cases - a car, that you'll need to put forward as a guarantee you'll repay.

If you default on the loan, your lender is allowed to reclaim your home or vehicle and sell it in order to recoup their losses; this protection means they're often the lowest interest loans available.

Unsecured loans don't require that surety so they're more accessible, more flexible and you're better protected as you don't have to give anything other than your word that you'll repay.

However, because of this their interest rates can sometimes be more costly, especially if you have an adverse credit history.

Whether you go for an unsecured or secured loan you'll generally come across fixed rate and variable rate options. If you choose a loan that offers variable interest rates you need to be away that the rate and your repayments could increase or (potentially) decrease during the loan term.

Fixed rate loans guarantee the rate of interest throughout the loan period so you pay back the same amount every month, over the full loan term.

Find out more in our guide: Can You Get an Unsecured Loan with Bad Credit?

What size loan do you need?

Decide how much you need to borrow and compare it against each lender's minimum and maximum loan limits. Exclude any lenders where you're proposed loan would be ineligible. 

While it can be tempting to borrow more than you really need to so as to give yourself a little 'play money' it's generally best to keep this to the minimum.

You'll need to pay interest on anything you borrow so the bigger your loan the more money you'll need to find to cover the cost.

How long will you need to pay it off?

Decide how long you want to take to pay off your loan and make sure any lender you consider getting a quote from can offer a loan to suit. 

Remember to arrange your repayments over the shortest period you can afford so that you don't end up paying more for your borrowing than you really need to. It's a good idea to work out how much you can afford per month and on that basis work out how long you need to extend the loan over - just make sure that you'd be able to afford the monthly repayment.

What's the interest rate?

The interest rate you're offered will be based on your credit history, whether the loan is secured or unsecured, and its proposed size and duration.

If you ask for a loan within lenders' minimum and maximum limits, you're more likely to be offered their average loan interest rate (headline APR).

That's fine if you've got a good credit history. On the other hand, if you're looking for low interest loans for bad credit it's worth searching for lenders that specialise in customers with bad credit.

Make sure you'd be eligible for their headline rates and use those rates to assess which loans with low interest rate might work out cheapest.

The terms and conditions

Once you've established what size loan you need and which loans with low interest are likely to work out cheapest, check their terms, conditions and flexibility.

For example, what (if any) are the charges for paying off the loan early, or extending your loan facility? You should always make sure you're happy with the terms of a loan before you apply.

Never commit to a low cost loan without being sure that you are getting exactly what you need from it.

Remember, applications for loans will show on your credit history whether you take out the loan or not, so it's best to do your research before you enquire. Also check what other borrowing options you might have: read our guide, What's the Cheapest Way to Borrow Money? for ideas.

If you narrow your low interest loans comparison down step by step, you can find the best interest rates on loans from lenders that can also give you the service and the support that you need.

Loan Comparison

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