Compare Low Interest Loans

Compare low interest loans from all the lenders currently offering low cost loan deals in the UK and find cheap interest loans that you can apply for in minutes. Our comparison of the best personal loan interest rates on offer makes it easy for you to access affordable borrowing by finding the cheapest low interest rate loans possible.

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		Loan		Term		Representative		Online Decision
		Minimum	Maximum	Minimum	Maximum	APR	Loan Amount	Online Decision
Promoted Results
	Derbyshire Building Society Personal Loan	£5,000	£20,000	1 year	5 years	5%	£7,500 to £15,000
	Representative Example: The representative APR is 5% (fixed) so if you borrow £15,000 over 4 years at a rate of 5% p.a. (fixed) you will repay £344.69 per month & £16,545.12 in total. For a limited time, get 5.0% APR Representative for loans between £7,500 and £15,000.
	Tesco Bank Personal Loan	£3,000	£25,000	1 year	10 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.33 per month & £16,575.84 in total. Fixed monthly payments and no set up charges, you choose the date when you want to make your repayment.
	Zopa Personal Loan	£1,000	£15,000	1 year	5 years	5.1%	£7,500 to £10,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £7,500 over 3 years at a rate of 4.4% p.a. you will repay £224.85 per month & £8,094.64 in total.
	Clydesdale Bank Personal Loan	£7,500	£15,000	1 year	5 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.66 per month & £16,591.68 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. When calculating this reduction a charge may be added.
	Sainsbury's Bank Standard Medium Loan (4-5 Yrs)	£7,500	£15,000	4 years	5 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.98 per month & £16,607.04 in total. Different rates apply if you don't have a Nectar Card.
	The Co-operative Bank Personal Loan	£2,000	£25,000	1 year	5 years	5.8%	£7,500 to £14,950
	Representative Example: The representative APR is 5.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.75% p.a. (fixed) you will repay £233.68 per month & £11,216.64 in total.
	AA Personal Loan	£2,000	£25,000	1 year	5 years	5.8%	£7,500 to £14,950
	Representative Example: The representative APR is 5.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.75% p.a. (fixed) you will repay £233.68 per month & £11,216.64 in total. The AA Personal Loan is provided by the Co-operative Bank p.l.c
	Nationwide Personal Loan	£7,500	£25,000	1 year	5 years	6.2%	£7,500 to £14,999
	Representative Example: The representative APR is 6.2% (fixed) so if you borrow £10,000 over 4 years at a rate of 6.2% p.a. (fixed)
	RateSetter Fixed Rate Unsecured Personal Loan	£1,000	£25,000	3 years	5 years	6.4%	£7,001 to £14,000
	Representative Example: The representative APR is 6.4% (fixed) so if you borrow £7,600 over 36 months at a rate of 6.4% p.a. you will repay £232.59 per month & £8,373.24 in total. Requires good credit history. Quick and simple online process, money usually in your account within 48 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
	NatWest Personal Loan	£1,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £15,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £383.26 per month & £18,396.48 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.
	RBS Internet Loan (Existing Customers)	£1,000	£25,000	1 year	7 years	6.9%	£7,500 to £14,950
	Representative Example: The representative APR is 6.9% (fixed) so if you borrow £15,000 over 4 years at a rate of 6.9% p.a. (fixed) you will repay £383.25 per month & £18,396 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	£7,499	4 years	5 years	7%	£5,000 to £7,499
	Representative Example: The representative APR is 7% (fixed) so if you borrow £5,000 over 4 years at a rate of 7% p.a. (fixed) you will repay £119.23 per month & £5,723.04 in total. Available to existing customers only.
	Sainsbury's Bank Standard Medium Loan (5+ Yrs)	£7,500	£15,000	61 months	7 years	7.1%	£7,500 to £15,000
	Representative Example: The representative APR is 7.1% (fixed) so if you borrow £10,000 over 7 years at a rate of 7.1% p.a. (fixed) you will repay £150.34 per month & £12,628.56 in total. Available to existing customers only.
	Nemo Personal Finance Low APR Loan funded by Principality Building Soc.	£40,000	£200,000	3 years	25 years	7.3%	---
	Representative Example: The representative APR is 7.3% so if you borrow £40000 over 15 years at a rate of 5.7% you will repay £361.67 per month & total amount payable £65,100.60. Available to home owners only.
	Sainsbury's Bank Standard Large Loan (5+ Yrs)	£15,001	£25,000	61 months	7 years	8.2%	£15,001 to £25,000
	Representative Example: The representative APR is 8.2% (fixed) so if you borrow £10,000 over 7 years at a rate of 8.2% p.a. (fixed) you will repay £310.80 per month & £26,107.20 in total. Available to existing customers only.
	Nemo Personal Finance Loan for Self Employed 6.7%	£40,000	£200,000	3 years	25 years	8.4%	---
	Representative Example: The representative APR is 8.4% so if you borrow £40000 over 10 years at a rate of 6.7% you will repay £384.26 per month & total amount payable £46,111.20. Available to home owners only.
	Nemo Personal Finance Large Secured Loan	£40,000	£200,000	3 years	25 years	8.9%	---
	Representative Example: The representative APR is 8.9% so if you borrow £40000 over 15 years at a rate of 7.2% you will repay £395.88 per month & total amount payable £71,258.40. Available to home owners only.
	Shawbrook Bank Platinum Loan	£20,000	£200,000	3 years	25 years	9.2%	---
	Representative Example: The representative APR is 9.2% so if you borrow £40000 over 15 years at a rate of 6.9% you will repay £402.23 per month & total amount payable £72,401.40. Available to home owners only.
	Nemo Personal Finance Low Rate Secured Loan	£7,500	£39,999	3 years	25 years	9.8%	---
	Representative Example: The representative APR is 9.8% so if you borrow £15000 over 10 years at a rate of 7.4% you will repay £193.28 per month & total amount payable £23,193.60. Available to home owners only.
	Nemo Personal Finance Loan for Self Employed 8.2%	£40,000	£200,000	3 years	25 years	10%	---
	Representative Example: The representative APR is 10% so if you borrow £40000 over 10 years at a rate of 8.2% you will repay £419.07 per month & total amount payable £50,288.40. Available to home owners only.
	Prestige Finance 6.75% Loan at High LTV	£20,000	£60,000	3 years	25 years	10.19%	---
	Representative Example: The representative APR is 10.19% so if you borrow £20000 over 10 years at a rate of 6.75% you will repay £261.45 per month & total amount payable £31,374.00. Available to home owners only.
	Nemo Personal Finance High LTV Loan 13.1%	£7,500	£75,000	3 years	25 years	10.7%	---
	Representative Example: The representative APR is 10.7% so if you borrow £40000 over 15 years at a rate of 11.9% you will repay £435.66 per month & total amount payable £78,418.80. Available to home owners only.
	Nemo Personal Finance High LTV Secured Loan	£7,500	£39,999	3 years	25 years	10.9%	---
	Representative Example: The representative APR is 10.9% so if you borrow £15000 over 10 years at a rate of 8.4% you will repay £201.27 per month & total amount payable £24,152.40. Available to home owners only.
	Nemo Personal Finance Loan for Self Employed 8.4%	£7,500	£39,999	3 years	25 years	10.9%	---
	Representative Example: The representative APR is 10.9% so if you borrow £15000 over 10 years at a rate of 8.4% you will repay £201.27 per month & total amount payable £24,152.40. Available to home owners only.
	Prestige Finance Affordable Loan at High LTV	£20,000	£60,000	3 years	25 years	11.06%	---
	Representative Example: The representative APR is 11.06% so if you borrow £20000 over 10 years at a rate of 7.5% you will repay £270.28 per month & total amount payable £32,433.60. Available to home owners only.
	Step One Finance Low rate 8.9%	£7,500	£50,000	5 years	20 years	11.7%	---
	Representative Example: The representative APR is 11.7% so if you borrow £30000 over 15 years at a rate of 8.9% you will repay £342.78 per month & total amount payable £61,700.40. Available to home owners only.
	Nemo Personal Finance Loan for Self Employed 9.4%	£7,500	£39,999	3 years	25 years	11.9%	---
	Representative Example: The representative APR is 11.9% so if you borrow £15000 over 10 years at a rate of 9.4% you will repay £209.44 per month & total amount payable £25,132.80. Available to home owners only.
Full Results
	RateSetter 2 Year Loan	£1,000	£25,000	2 years	2 years	3.9%	£4,000 to £4,999
	Representative Example: The representative APR is 5.8% (fixed) so if you borrow £15,000 over 2 years at a rate of 5.8% p.a. (fixed) you will repay £665.82 per month & £15,979.68 in total. Arrangement fee £138. 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.
	Derbyshire Building Society Personal Loan	£5,000	£20,000	1 year	5 years	5%	£7,500 to £15,000
	Representative Example: The representative APR is 5% (fixed) so if you borrow £15,000 over 4 years at a rate of 5% p.a. (fixed) you will repay £344.69 per month & £16,545.12 in total. For a limited time, get 5.0% APR Representative for loans between £7,500 and £15,000.
	Sainsbury's Bank Standard Medium Loan (1-3 Yrs)	£7,500	£15,000	1 year	3 years	5%	£7,500 to £15,000
	Representative Example: The representative APR is 5% (fixed) so if you borrow £15,000 over 2 years at a rate of 5% p.a. (fixed) you will repay £657.97 per month & £15,791.28 in total. Available to existing customers only.
	Tesco Bank Personal Loan	£3,000	£25,000	1 year	10 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.33 per month & £16,575.84 in total. Fixed monthly payments and no set up charges, you choose the date when you want to make your repayment.
	Zopa Personal Loan	£1,000	£15,000	1 year	5 years	5.1%	£7,500 to £10,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £7,500 over 3 years at a rate of 4.4% p.a. you will repay £224.85 per month & £8,094.64 in total.
	Clydesdale Bank Personal Loan	£7,500	£15,000	1 year	5 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.66 per month & £16,591.68 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. When calculating this reduction a charge may be added.
	Sainsbury's Bank Standard Medium Loan (4-5 Yrs)	£7,500	£15,000	4 years	5 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.98 per month & £16,607.04 in total. Different rates apply if you don't have a Nectar Card.
	Barclays Barclayloan Plus (Ex/C) Internet	£5,000	£25,000	2 years	5 years	5.1%	£7,500 to £25,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £346.29 per month & £16,621.92 in total. Available to existing customers only.
	First Direct Personal Loan	£1,000	£25,000	1 year	7 years	5.1%	£7,000 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.33 per month & £16,575.84 in total. Available to existing customers only.
	Tesco Bank Personal Loan (Existing Customers)	£3,000	£25,000	1 year	10 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.33 per month & £16,575.84 in total. Available to existing customers only.
	Yorkshire Bank Personal Loan	£1,000	£25,000	1 year	7 years	5.1%	£7,500 to £15,000
	Representative Example: The representative APR is 5.1% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.1% p.a. (fixed) you will repay £345.66 per month & £16,591.68 in total.
	Hitachi Personal Finance Personal Loan	£2,500	£15,000	2 years	5 years	5.4%	£7,500 to £9,999
	Representative Example: The representative APR is 6.5% (fixed) so if you borrow £15,000 over 4 years at a rate of 6.5% p.a. (fixed) you will repay £354.44 per month & £17,013.12 in total.
	M&S Bank Personal Loan	£1,000	£25,000	1 year	7 years	5.4%	£7,500 to £15,000
	Representative Example: The representative APR is 5.4% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.4% p.a. (fixed) you will repay £347.28 per month & £16,669.44 in total. To apply for an M&S Personal Loan you have to be a UK resident aged 30 or over or a homeowner.
	M&S Bank Car Loan	£2,500	£25,000	1 year	5 years	5.4%	£7,500 to £15,000
	Representative Example: The representative APR is 5.4% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.4% p.a. (fixed) you will repay £175.25 per month, with a final payment of £3,000 &£11,412.00 in total. To apply for an M&S Car Buying Plan you have to be a UK resident aged 30 or over or a homeowner.
	RateSetter Variable Rate Unsecured Personal Loan	£1,000	£25,000	1 year	2 years	5.4%	£5,001 to £14,000
	Representative Example: The representative APR is 5.4% (variable) so if you borrow £7,600 over 24 months at a rate of 5.4% p.a. you will repay £334.79 per month & £8,034.96 in total. Requires good credit history.
	Sainsbury's Bank Shopper Reward Med Loan (1-3 Yrs)	£7,500	£15,000	1 year	3 years	5.4%	£7,500 to £15,000
	Representative Example: The representative APR is 5.4% (fixed) so if you borrow £15,000 over 2 years at a rate of 5.4% p.a. (fixed) you will repay £659.89 per month & £15,837.36 in total. Available to existing customers only.
	Sainsbury's Bank Shopper Reward Med Loan (4-5 Yrs)	£7,500	£15,000	4 years	5 years	5.5%	£7,500 to £15,000
	Representative Example: The representative APR is 5.5% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.5% p.a. (fixed) you will repay £347.93 per month & £16,700.64 in total. Available to existing customers only.
	The Co-operative Bank Personal Loan (Privilege&Premier CA)	£2,000	£25,000	1 year	7 years	5.6%	£7,500 to £14,950
	Representative Example: The representative APR is 5.6% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.6% p.a. (fixed) you will repay £371.14 per month & £17,814.72 in total. Available to existing customers only.
	Car Finance 24/7 Excellent Credit	£2,500	£60,000	2 years	5 years	5.7%	£15,000 to £60,000
	Representative Example: The representative APR is 5.9% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.9% p.a. (fixed) you will repay £383.80 per month & £18,422.40 in total. Arrangement fee £125. Loan available for car finance only.
	Car Loan 4U Car Loan (Excellent Credit History)	£3,000	£50,000	1 year	5 years	5.7%	£15,000 to £50,000
	Representative Example: The representative APR is 5.9% (fixed) so if you borrow £15,000 over 4 years at a rate of 5.9% p.a. (fixed) you will repay £349.94 per month & £16,797.12 in total. Loan available for car finance only.
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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.

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 that 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.

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.

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

View all loan reviews.

Alternative Loans

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

Bank of Ireland Personal Loan

A 0 month deferred start is offered.
You enjoy 7.7% representative APR from Bank of Ireland.
New customers get £7,500 to £14,999 representative loan amount from this loan.
6 months minimum loan term is offered with Personal Loan.
Get first payment due of 30 days.
The loan offers a representative APR of 7.7%.
Representative Example: The representative APR is 7.7% (fixed) so if you borrow £15,000 over 4 years at a rate of 7.7% p.a. (fixed) you will repay £373.50 per month & £17,928 in total. Arrangement fee £65.

Halifax Internet Loan (Existing Customers)

You get 1 yr minimum loan length from the Internet Loan (Existing Customers).
Customers get £1,000 minimum loan from this Internet Loan (Existing Customers).
7 yrs max loan term is offered with the loan.
Get a max loan of £25,000.
Representative Example: The representative APR is 18.6% (fixed) so if you borrow £15,000 over 4 years at a rate of 18.6% p.a. (fixed) you will repay £356.70 per month & £17,121.60 in total.

Post Office Personal Loan

Max loan of £25,000 is offered to you.
A deferred start of 0 month is offered by Post Office.
Customers can get first payment due of 30 days.
Get 1 yr minimum loan term from Post Office.
7 yrs max loan term.
Representative Example: The representative APR is 7.4% (fixed) so if you borrow £15,000 over 4 years at a rate of 7.4% p.a. (fixed) you will repay £366.85 per month & £17,608.80 in total.

AA Personal Loan

This loan gives a minimum loan period of 1 yr.
AA offers representative APR of 5.8 percent.
Personal Loan offers a max loan of £25,000.
A 0 month deferred start is offered.
Customers will benefit from 5.8 percent representative APR.
Representative Example: The representative APR is 5.8% (fixed) so if you borrow £10,000 over 4 years at a rate of 5.75% p.a. (fixed) you will repay £233.68 per month & £11,216.64 in total.

Ulster Bank Ufirst Gold

0% arrangement fee (%) is offered with the loan.
Get 0 mth deferred start.
7 years maximum loan term is available with Ufirst Gold.
Get £10,000 to £25,000 representative loan amount from Ulster Bank.
Representative APR of 8.8 percent.
Benefit from a maximum arrangement fee of £0 from the Ufirst Gold.
Representative Example: The representative APR is 8.8% (fixed) so if you borrow £15,000 over 4 years at a rate of 8.8% p.a. (fixed) you will repay £369.38 per month & £17,730.24 in total.

Metro Bank Personal Loan

The loan offers 30 days 1st payment due.
Metro Bank gives minimum loan of £2,000.
Get 1 yr minimum loan term.
You get 0 mth deferred start from the loan.
Representative Example: The representative APR is 7.9% (fixed) so if you borrow £15,000 over 4 years at a rate of 7.9% p.a. (fixed) you will repay £363.58 per month & £17,451.84 in total.

RateSetter Fixed Rate Unsecured Personal Loan

6.4% representative APR.
Take advantage of a representative APR of 6.4%.
3 years minimum loan duration is available with this loan.
Minimum loan of £1,000 is available with this loan.
Representative Example: The representative APR is 6.4% (fixed) so if you borrow £7,600 over 36 months at a rate of 6.4% p.a. you will repay £232.59 per month & £8,373.24 in total. Requires good credit history.