100% Recommend

Dave Beard

Expertly compared by Dave Beard

Products Updated April 5, 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.

Borrow up to £25,000 With The Best Personal Loans 

Personal loans are the most common types of loans in the UK and are used for everyday purposes including holidays, paying bills, travel expenses, home improvements and more. 

When you compare personal loans with Lending Expert, you can borrow up to £25,000 over 1 to 7 years, with no guarantor required. Your eligibility is based on your income and credit history and you are not required to use anything as security since all loans are unsecured.

If you are a strong candidate, you could receive the lowest rates across the entire loans market, starting from just 2.9% APR.

Lending Expert offers a simple price comparison table, giving you access to the full personal loans market including the loan amounts, rates and terms. 

Simply select the lender of your choice and click on ‘Check My Eligibility’ where you will be taken to their website and can complete an application in under 5 minutes. You will usually receive an immediate decision and if successful receive funds within 24 to 48 hours or sometimes the same day of applying.

 

Key Features of Personal Loans 

  • For personal use
  • Borrow up to £25,000
  • Repaid over 1 to 7 years
  • Repaid in monthly instalments
  • Rates from 2.9% APR
  • No fees for applying
  • No guarantor required
  • Funding available in 24-48 hours

 

How Much Can I Borrow With a Personal Loan? 

The best personal loans are available up to £25,000, with some lenders offering loans for £50,000 or higher. 

Personal loans are types of unsecured loans, so you do not need to put down anything as collateral or a valuable asset such as your car or home to be eligible.

Instead, the amount you can borrow is based on your income, credit status and your outstanding debt. So the higher your income and better your credit score, typically the more you can borrow, assuming you do not have too much debt outstanding.

Lenders will carry out affordability measures to match the perfect amount you can borrow without falling into financial difficulty. 

 

What is The Eligibility Criteria for Personal Loans?

  • Over 18 years of age
  • Full-time UK resident
  • Employed and able to afford repayments
  • Valid UK debit account, mobile and email address
  • Good or fair credit score
  • No guarantor required
  • No security or collateral needed

 

Your loan may be subject to status and depending on the selected lender, you may need to provide proof of income with a payslip or bank statement.

 

Are Personal Loans for Bad Credit Available?

Yes, customers can apply for personal loans for bad credit histories and depending on the lender, this might be reflected in a slightly higher interest rate charged or lower amount that you can borrow.

If you are looking for a personal loan for very poor credit, you may be required to add extra security to your application such as using your car or home as collateral or applying for a loan with a guarantor.

 

How Do I Get The Best Personal Loans Rates Possible?

The fees charged for personal loans will depend largely on your credit score, with customers with the best credit scores able to access low personal loan rates from 2.9% APR and bad credit histories will usually pay higher rates to reflect the extra risk. 

The personal loan lenders that we work with will have different eligibility requirements and you may find that the best rates are available for homeowners or those with low outstanding debts or no other loans outstanding. 

However, all the personal loan examples are shown as ‘representative APR’ which is only eligible to 51% of successful customers, so you could always pay higher or lower depending on the criteria. 

The terms offered by lenders can vary and also based on how much risk they are willing to accept at that point in time. Depending on the criteria and the lender, two very similar customers could receive different rates. 

 

Does Lending Expert Work with Personal Loans Direct Lenders Only? 

Yes, we work with over 50 direct lenders so you have peace of mind that you can apply for a loan directly on the lender’s website. 

We review every lender and their processes before they are listed on our trusted price comparison tables. Lending Expert is here to help find the best personal loan for you – and you can be rest assured that you will not be charged any fees and applying will not affect your credit score.

 

How Soon Can I Receive My Loan?

Personal loans can typically be funded within 24 to 48 hours, since most applications are pretty straightforward. Lenders are able to run a series of automated checks to determine your eligibility for a loan and how much you can borrow. In some cases, they may request proof of identity, income or bank statements or require a quick phone call to confirm some details. 

To get a fast personal loan, make sure that you give accurate information and are available to by email or phone to respond to the lender.

 

Apply for a Personal Loan Online with Lending Expert  

Lending Expert can help you compare personal loans and get the best deal possible, according to your requirements. 

With our price comparison table, you have a list of trusted and active lenders who are looking for customers just like you. Use our table to find the right lender for you based on your desired loan amount and duration. Simply click on ‘Check My Eligibility’ next to your chosen lender where you will be taken directly to their website where you can apply.

Our personal lenders will usually give an instant decision on the screen and if successful, customers can receive funds within 24 to 48 hours or the same day they apply.

FAQ

Generally, most unsecured personal lenders can offer up to £25,000. If you wish to take out a larger loan, you may need to consider a secured loan and using something as collateral (e.g car or property).

Personal loans are repaid over 1 to 7 years in equal monthly instalments. You will typically have the choice to repay the loan early at any time. There may be early repayment fees or you could save money on the overall interest.

An application takes less than 5 minutes to complete online. Make sure that you have your details available including your address, monthly income and bank account details (so the lender knows where to deposit funds). You will usually get an instant decision or indicative quote on the screen and the lender will run some further checks to complete your loan as soon as possible.

No, personal lenders will always run a credit check prior to approving or funding a loan. This is to assess the creditworthiness of the customer and the likelihood of repayment. If you think you might be rejected due to your credit score, consider applying for bad credit, guarantor or secured loans.

Nothing. There will be no fees applied and no impact to your credit score. Lending Expert is here to help. We offer a range of financial alternatives, including credit cards, guarantor and secured loans and we cater for all credit histories.

No, if you apply for a personal loan online, it will not damage your credit score. If the lender runs a soft check, this will disappear shortly after. If the lender runs a hard credit search, this will remain on your record for 12 months but will not impact you negatively.

Yes. A lender will look at your loan affordability and check that your current income from your casual work is adequate to meet the loan repayments. You will also need to show proof of income from your current employer such as your most recent payslips.

Yes. Most lenders consider self-employed and sole trader applicants as long as you can show adequate proof of income from either your business or dividends as a company director.

Yes. There may be some restrictions depending on your age. However many lenders will consider applicants up to the age of 70 or 75 depending on the length of the loan term you require.

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