Hitachi Personal Finance Personal Loan
Loan AmountRepresentative APRLoan TermOnline Decision
£2,500 to £25,0004.1%
(£7,500 to £10,000)
2 years to 5 yearsyes
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 TermOnline Decision
£3,000 to £25,0004.1%
(£7,500 to £15,000)
1 year to 10 yearsyes
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 TermOnline Decision
£7,500 to £15,0004.1%
(£7,500 to £15,000)
4 years to 5 yearsyes
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 TermOnline Decision
£1,000 to £25,0004.3%
(£7,500 to £15,000)
2 years to 5 yearsyes
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 TermOnline Decision
£1,000 to £25,0004.3%
(£7,500 to £15,000)
1 year to 7 yearsyes
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 4.9% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.9% p.a. (fixed) you will repay £229.57 per month & £11,019.36 in total.
 
Santander Internet Loan
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £20,0004.3%
(£7,500 to £15,000)
1 year to 5 yearsno
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 TermOnline Decision
£1,000 to £25,0004.3%
(£7,500 to £15,000)
1 year to 7 yearsyes
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 £229.57 per month & £11,019.36 in total.
 
Zopa Personal Loan
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £25,0004.7%
(£7,500 to £15,000)
2 years to 5 yearsno
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.
 
RBS Internet Loan Ex/C
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £25,0004.9%
(£7,500 to £14,950)
1 year to 7 yearsyes
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.
 
Sainsbury's Bank Standard Small Loan (£5K-£7499) (4-5 Yrs)
Loan AmountRepresentative APRLoan TermOnline Decision
£5,000 to £7,4995.4%
(£5,000 to £7,499)
4 years to 5 yearsyes
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.
 
Nationwide Personal Loan Ex/C
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £25,0005.9%
(£7,500 to £14,999 )
1 year to 5 yearsyes
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 TermOnline Decision
£7,500 to £15,0006.1%
(£7,500 to £15,000)
61 months to 7 yearsyes
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 TermOnline Decision
£7,500 to £25,0006.2%
(£7,500 to £14,999)
1 year to 5 yearsyes
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 TermOnline Decision
£1,000 to £25,0006.4%
(£7,000 to £14,950)
1 year to 5 yearsno
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 TermOnline Decision
£1,000 to £25,0006.4%
(£7,500 to £14,950)
1 year to 7 yearsyes
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 TermOnline Decision
£15,001 to £25,0006.6%
(£15,001 to £25,000)
61 months to 7 yearsyes
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 TermOnline Decision
£3,000 to £15,0007.5%
(£7,001 to £15,000)
1 year to 5 yearsyes
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.
 
RateSetter 1 Year Loan
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £25,0008.6%
(£11,000 to £25,000)
1 year to 23 monthsyes
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.
Representative Example: The Representative APR is 9% (fixed) at a rate of 9% p.a. (fixed) Arrangement fee from £127.10.
 
1st Stop Personal Loans Homeowner Plus
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £10,00018.2%
(£1,000 to £10,000)
1 year to 6 years-
Representative Example: The Representative APR is 18.21% so if you borrow £5,000 over 5 years at a rate of 8.5% (fixed) you will repay £124.59 per month and £7,475.40 in total.
 
Moneyway Personal Loan
Loan AmountRepresentative APRLoan TermOnline Decision
£1,000 to £15,00018.9%
(£12,001 to £15,000)
1 year to 5 yearsyes
Representative Example: The Representative APR is 24.9% so if you borrow £5,000 over 4 years at a rate of 22.46% p.a. (fixed) you will repay £158.73 per month & £7,619.04 in total.
 

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How to Find and Compare the Best Personal Loan Deals

When you need a little help – maybe to buy a car or pay for essential home repairs – you may want to consider taking out a personal loan. But before you do, make sure you know how they work and that you’re getting the best deal possible!

Pounds

There are a lot of personal loans companies and the cost of borrowing can fluctuate massively from one to another, meaning your borrowing costs can be high if you don’t know what you’re doing.

As a customer they want to make money from you, so when you compare personal loans rates you need to know what you want the cash for, how much you need and how you want to repay it.

Why do you need a loan and how much do you want to borrow?

For those unexpected events and important purchases that can’t be put off, the convenience of getting a personal loan makes it seem like the easy way out.

With the promise that the cash can be in your bank account within days or even hours, it might seem tempting to borrow more than you need.

However, that might not be such a good idea – after all that’s just more money that you’ll have to pay back with added interest.

Try to work out the exact amount you’ll need to borrow before you begin comparing loan rates.

Conditions that affect how much you can borrow

When you make a personal loans comparison you’ll find that each company has different criteria which they use to decide who to lend to.

Many will have age restrictions, meaning you’ll need to be over or under a certain age to qualify. To show you can pay back the cash personal loans companies will ask you to prove you have an income of a certain amount.

The conditions can vary from provider to provider – some will only lend to homeowners or existing customers – so have a good look around to find the best personal loans for you.

Take your credit rating into account

If you have a dodgy credit history you could find it trickier to get cheap personal loans, or ones without heaps of interest piled on top.

If you’re at all worried about your credit history you can get a report from a leading credit agency.

This could prepare you for the annual percentage rate (APR) you might get stuck with, as well as make sure your rating is accurate.

How to compare personal loans online

The first thing you’ll notice when searching for the cheapest personal loan rates is that companies have a minimum and maximum loan amount.

Some loans start at £1,000 while others will provide a minimum of £5,000 or £7,500 or more. Remember to stick to how much you need and rule out those that don’t suit your circumstances.

While using our personal loan comparison you’ll also find that the term duration varies; some lenders will let you pay it back in one year while others will others will have a minimum term of five years. This could have a big impact on how much you pay in added interest.

The same is true of the maximum term, so if you’re taking out a bigger personal loan and want to spread out the repayments, you may want a lender who lets you pay back over a longer period.

Most personal loans UK lenders will allow you to make fixed repayments for the term’s duration, meaning you’ll know how much you must pay back each month and whether you can afford to do so.

What you need to know about repaying personal loans

Paying off your loan over a longer period might seem like a good idea as this will make each instalment cheaper, but it’s not that simple.

The longer you have a loan, the longer you’ll be paying interest on it. Paying it off in less time means you pay fewer instalments – meaning there’s less overall interest and it’s cheaper overall.

APR

Another thing to consider is the APR, which can vary dramatically. Lenders may offer a smaller APR on a larger loan to make it seem more attractive, even though you could still pay less with higher APR on a smaller personal loan.

Again it’s a case of knowing how much you need and comparing a range of deals to see which is best for you.

Price promises, fees and flexibility

To get your business some personal loans companies will offer to match what another lender has offered – so it could well pay off to make a thorough comparison of what’s out there.

Be careful about actually making too many applications though, as this could impact your credit rating by making you appear needy.

Check what fees the company has in place for taking out a loan with them and also how flexible they are if you want to want to pay it back earlier, as some will charge you interest as a penalty.

Loan Comparison

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