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Expertly compared by Daniel Tannenbaum

Products Updated April 13, 2021

The actual rate you're offered will depend on your personal circumstances – including your credit rating.

17 providers expertly compared:

Natwest Bank

Loan Amount
£7,500 - £19,950

Annual Percentage Rate (APR)
3.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.9%

Total repaid will be:

£50,805

With the Natwest if you're thinking about buying a new car, getting your your finances in order or making some new home improvements then a loan from the Natwest could be just what you need.

Representative Example

17 providers expertly compared:

Royal Bank of Scotland

Loan Amount
£1,000 - £50,000

Annual Percentage Rate (APR)
3.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.9%

Total repaid will be:

£50,805

To apply, you must be 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months). Borrowing money is a big decision. But with a personal loan from the RBS, it doesn't have to be a headache.

Representative Example

17 providers expertly compared:

Paragon Bank

Loan Amount
£10,000 - £250,000

Annual Percentage Rate (APR)
3.7%

Loan Term
1 - 30 years

Loan Type
Secured & Unsecured Loans

Status
Homeowners & Tenants

Rated 4.7/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.7%

Total repaid will be:

£50,805

Paragons finance packages contain flexible terms to make sure you get a deal that's right for you. From personal loans to second charge mortgages Paragon has a range of funding solutions

17 providers expertly compared:

Hastings Direct

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.8%

Loan Term
0 - 5 years

Loan Type
Unsecured Personal Loan

Status

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

If you're looking to replace your car, planning on some new home improvements, or you simply wish to get your finances in order, a personal loan from Hastings Direct could be the funding solution you're looking for.

Representative Example

17 providers expertly compared:

Prestige Finance

Loan Amount
£10,000 - £250,000

Annual Percentage Rate (APR)
3.8%

Loan Term
1 - 30 years

Loan Type
Secured Loans

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

Prestige Finance is part of OneSavings Bank who are a specialist lender, primarily focused on carefully selected sub-sectors of the mortgage and loan market through an integrated multi-brand approach.

17 providers expertly compared:

Post Office

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

Loans from the Post Office are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender. Terms from 1 year to 7 years, depending on the amount borrowed and funds could be transferred the following day with an instant lending decision in most cases.

Representative Example

17 providers expertly compared:

AA Loans

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

The AA don't just keep cars on the road, they can help keep your finances running smoothly too. Whether it's a new purchase, a holiday in the sun or getting some help to manage your existing debt the AA is here to help with a personal loan.

Representative Example

17 providers expertly compared:

Leap

Loan Amount
£100 - £15,000

Annual Percentage Rate (APR)
4%

Loan Term
1 - 6 years

Loan Type
Peer-to-Peer Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

4%

Total repaid will be:

£50,805

Leap's aim is to help streamline your debts with a low-interest peer-to-peer loan, so you’ll have more money to do more of what you love doing.

17 providers expertly compared:

Lending Works

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
7.9%

Loan Term
1 - 5 years

Loan Type
Peer-to-Peer Loans

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

7.9%

Total repaid will be:

£50,805

Lending Works is a peer to peer lender that connects people that want to invest their money with borrowers who want to get a better rate on their personal loan. Loans available from £1,000 to £25,000 over 1 -5 years.

17 providers expertly compared:

Zopa

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
9.9%

Loan Term
1 - 7 years

Loan Type
Peer to Peer Lender

Status
Homeowners & Tenants

Rated 5.0/ 5

Good Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

9.9%

Total repaid will be:

£50,805

Zopa directly match people looking for a personal loan with people looking to invest. It's their way of making money simple and fair. Since 2005 Zopa have approved a staggering £2.92 billion in loans.

Representative Example

17 providers expertly compared:

My Community Finance

Loan Amount
£1,500 - £25,000

Annual Percentage Rate (APR)
23.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

23.9%

Total repaid will be:

£50,805

My Community Finance have taken inspiration from the past to build a better financial future - where community matters. They’re a network of Credit Unions and ethical lenders. My Community Finance looks to give everyone access to fairly priced financial products.

Representative Example

17 providers expertly compared:

Lendable

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
27.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27.9%

Total repaid will be:

£50,805

Lenable offer fast loans at fair rates. See your rate before you apply - it won’t affect your credit score. Lendable offer a paperless application with instant quotes. You can manage your loan online, top up, repay early without a settlement fee.

Representative Example

17 providers expertly compared:

Oplo

Loan Amount
£2,000 - £15,000

Annual Percentage Rate (APR)
18.2%

Loan Term
2 - 6 years

Loan Type
Poor Credit Lender

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

18.2%

Total repaid will be:

£50,805

Oplo Personal Loans offer unsecured personal loans from £2,000 to £15,000. Whether you’re looking to buy a new car, a new kitchen or thinking of any type of major purchase they can help secure the funding you need.

Representative Example

17 providers expertly compared:

Koyo

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £7,500

Annual Percentage Rate (APR)
27%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27%

Total repaid will be:

£50,805

Koyo offers one-day loan approval and they normally give a decision after 1 full working day. Once approved, Koyo says the money could be in your account within 1 working day.

Representative Example

17 providers expertly compared:

Everyday Loans

Loan Amount
£1,000 - £15,000

Annual Percentage Rate (APR)
93.6%

Loan Term
2 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

Poor Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

93.6%

Total repaid will be:

£50,805

With everyday loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.

Representative Example

17 providers expertly compared:

George Banco

Loan Amount
£1,000 - £15,000

Annual Percentage Rate (APR)
36.9%

Loan Term
1 - 5 years

Loan Type
Guarantor Loan

Status

Rated 4.2/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

36.9%

Total repaid will be:

£50,805

With George Banco all you need is a friend or family member who knows and trusts you, who can support the loan if for any reason you are unable to make a your payments. Get an instant online quote with no ill effect on your credit score.

Representative Example

17 providers expertly compared:

Buddy Loans

Loan Amount
£999 - £10,000

Annual Percentage Rate (APR)
49.9%

Loan Term
1 - 5 years

Loan Type
Guarantor Loan

Status

Rated 4.2/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

49.9%

Total repaid will be:

£50,805

At Buddy Loans their goal is to pay out your money on the same day of the application and they will still consider your application if you can afford it, even if you have CCJs or DEFAULTS. Buddy Loans can be used for any purpose such as debt consolidation, car purchase or home improvements.

Representative Example

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

Good comparison service and lenders to choose from. Easy application form.

Plently of loans to choose from

by SL

These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.

Apply for Loans with Your Partner 

If you are married or living with other friends or close relatives, it could make sense to get a joint loan. This means that the loan is funded into one shared account and you can use this money together. It is perfect for any shared bills, expenses or home improvements, but it could be useful if you are married or living together and everything falls under one account anyway.

Lending Expert works with over 50 UK lenders, helping you find the best rates and terms based on your requirements. Use our clear and simple price comparison table provided and once you have found the right lender for you, simply click on ‘Check My Eligibility’ and you will be taken to their website where you can apply.

There are no fees for applying and completing an application will not impact your credit score. You can get a quote in less than 5 minutes and if successful, you can usually receive funds in 24 to 48 hours or in a matter of weeks if you are borrowing against your home. 

 

What Are The Benefits of a Joint Loan?

  • Borrow up to £25,000
  • Repaid over 1 to 7 years
  • Repayments are shared between two people
  • Rates from 2.9% APR
  • Funds in 24 to 48 hours
  • Better acceptance rate if one person has bad credit
  • Applying will not impact credit score

What Are The Types of Joint Loans? 

  • Loans for married couples
  • Loans for partners
  • Loans with relatives
  • Loans with a family member
  • Loans for two people
  • Couple loans

 

What Loans Are Available for Partners and Married Couples? 

Personal loansA personal loan is used by individuals (not businesses) for personal expenses and purchases including paying bills, travel, holidays, weddings and more. Customers can borrow up to £25,000 repaid over 1 to 7 years and you have the option to apply unsecured (no collateral) or secured (against a car or property). If the joint loan is secured against a property like a flat or home, both applicants must be owners of the property.

 

Guarantor loans This is where the loan is for one person, but their partner or friend acts as a guarantor to provide extra security. The guarantor agrees to co-sign the loan agreement and cover the cost of the loan if the main borrower cannot. A guarantor is commonly a spouse, sibling or parent and is another form of joint loan.

 

Mortgages – Mortgages are the most common types of joint loans between spouses, siblings or married couples. You are borrowing money in order to buy a home, with a mortgage term of 1 to 35 years. You will need to make a deposit and depending on your eligibility, you may be able to borrow 60% LTV, 75% or 90% LTV towards the overall value of the property.

 

Homeowner Loans – If you and your partner are both homeowners and share the property, you can borrow money against the home and use this for things like home improvements, paying off debts and school tuition. 

 

What Are Couple Loans Used For?

Couple loans are often used to pay for household bills and expenses, whether it is loans for home improvements, mortgage repayments and other household or children-related expenses.

One of the main advantages is that you potentially get to maximise your chances of approval if one person has a better credit score than the other. So if you have bad credit, you may have more success borrowing with your partner than individually. If you are married or living together, you will be sharing all the expenses anyway, so having a couple loan can be quite practical.

 

Can My Partner Act As My Guarantor?

Yes, if you would like to apply for a guarantor loan, you can ask your partner or spouse to act as your guarantor. Ideally, they need to have a stable income and a good credit rating and by co-signing your loan agreement, this will boost your chances of approval and help you get the loan you need.

 

What is The Eligibility Criteria of a Joint Loan? 

  • Both parties are living in the UK
  • Can afford monthly repayments
  • Joint bank account
  • If secured, both parties must be co-owners of the asset
  • Valid UK mobile phone and email address

 

Get Approved for a Joint Loan with Lending Expert 

Lending Expert can help you find the best joint loan at the most affordable rates. We compare rates across the whole of the market and you can find the right loan for you, based on rates, long amount and duration.

We do not charge any fees for using our service and you have peace of mind knowing that you will not be impacting your credit rating or be passed onto numerous companies.

Simply choose the right lender for you and click on ‘Check My Eligibility’ – where you will be taken directly to the lender’s website where you can apply. Upon completing the application, you should get an instant decision and if successful, you can receive money to your bank account within a few hours, days or weeks.

 

FAQ

You can apply for a loan with your parents, siblings, partner, spouse, husband, wife, boyfriend, girlfriend - you name it!

This will depend on the loan. Some joint loans may need both parties to be employed (like a guarantor loan) but you can certainly have a homeowner loan or mortgage in both parties name and one party is not employed.

Yes, there are several loan options available is one party has poor credit - including secured loans and guarantor loans.

Yes, it can do, since it is assumed that you will be stepping in and helping them financially and this could affect your ability to afford other loans. In this respect, you may need to disassociate from them if you are looking to get approved for finance.

You can stop being a guarantor only once the loan is repaid in full. You cannot stop half way through or ask another person to be the guarantor instead.

If you struggle to repay your loan, you and your partner will both be responsible for repayments. There will typically be late fees and a negative impact to your credit score. If you have a secured loan, your property may be repossessed if you are very behind on repayments.

Yes, there are several loan options available if both parties are self-employed. Both individuals will need to show proof of income or dividends.

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