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4.9% APR Representative
Time to apply
Not known
OPTIOSCORE
Good
Representative Example: If you borrow £11,000 over 60 months at a Representative rate of 4.9% APR and an annual interest rate of 4.90% (fixed), you would pay 60 monthly instalments of £206.54. The total charge for credit will be £1,392.52 and the total amount payable will be £12,392.52.
We don't have any reviews for Barclays Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £50,000
  • Loan term: 24 - 60 months

Top choice for

  • They offer a price guarantee for like-for-like loans (Ts&Cs apply)
  • As their customer you can have a pre-selected loan limit, without affecting your credit rating
  • Instant money when you apply online
  • Online quote doesn’t leave a footprint on your credit history

Watch out for

  • You’ll need to have a Barclays current or saving account, mortgage or Barclaycard to apply online
  • Barclays current account holder for over seven months
  • UK resident
  • Over 18 years old

Fees & charges

  • Maximum APR 4.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
9.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6000 over 48 months at a Representative rate of 9.9% APR and an annual interest rate of 9.48% (fixed), you would pay 48 monthly instalments of £150.67. The total charge for credit will be £1,232.16 and the total amount payable will be £7,232.16.
We don't have any reviews for Halifax Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • No charge if you pay off your Clarity loan early
  • Current account holders can apply online
  • Low representative APR

Watch out for

  • You must be an existing Halifax customer
  • You must be a UK resident
  • You must be aged 18 or over
  • You will need to be in paid employment or have a regular income
  • You have not been declined for credit in the last month
  • You must have good credit

Fees & charges

  • Maximum APR 28.9%
  • Arrangement fee: £0
  • Early repayment fee: £25
  • Late payment penalties: £25
3.3% APR Representative
Time to apply
Slow 06m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £8000 over 60 months at a representative rate of 3.3% APR and an annual interest rate of 3.3% (fixed), you would pay 60 monthly instalments of £144.64. The total charge for credit will be £678.64 and the total amount payable will be £8,678.64.
We don't have any reviews for HSBC Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Instant decision online
  • Overpayments or part payments allowed without charge
  • HSBC Advance customers can receive 10% interest cashback at the end of the loan
  • Repayment holidays available

Watch out for

  • You must have a bank or building society account
  • Earn £10,000 or more per year
  • Be a UK resident
  • You need to be aged 18 or over
  • You will need to have good credit history

Fees & charges

  • Maximum APR 21.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
7.6% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 48 months at a Representative rate of 7.6% APR and an annual interest rate of 7.63% (), you would pay 48 monthly instalments of £271.88. The total charge for credit will be £3,050.00 and the total amount payable will be £13,050.00.
We don't have any reviews for Conister Bank Personal Loan.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £30,000
  • Loan term: 12 - 60 months

Top choice for

  • Loans for Isle of Man residents
  • They don’t charge a fee
  • Established over 80 years ago
  • Fast and personal lending decisions

Watch out for

  • You must be an Isle of Man resident
  • You need to be aged 18 or over
  • You must have a regular income

Fees & charges

  • Maximum APR 12.5%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a representative rate of 3.9% APR and an annual interest rate of 3.9% (fixed), you would pay 60 monthly instalments of £137.55. The total charge for credit will be £753 and the total amount payable will be £8,253.
We don't have any reviews for NatWest Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Personalised loan quote doesn’t leave footprint on credit file
  • Online banking customers can apply online
  • Decision in minutes
  • Funds often available the next day

Watch out for

  • You must be aged over 18
  • You must have had a NatWest current account for at least 3 months

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3% APR Representative
Time to apply
Slow 06m 49s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £12,500 over 48 months at a Representative rate of 3.0% APR and an annual interest rate of 3.7% (fixed), you would pay 47 monthly instalments of £276.46 and final instalment of 276.25. The total charge for credit will be £3269.87 and the total amount payable will be £13,269.87
We don't have any reviews for Yorkshire Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • You don’t need to be a Yorkshire Bank customer to apply
  • You can make additional payments to the loan at any time
  • Able to contact them over the phone, in branch and online chat
  • Allow top-ups
  • Instant online decision during opening hours

Watch out for

  • You must be aged at least 18
  • You must have a permanent UK address
  • You will need to have a good credit history
  • You will need to have a UK bank account
  • You must have a debit and/or credit card

Fees & charges

  • Maximum APR 20.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
4.9% APR Representative
Time to apply
Slow 10m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 4.9% APR and an annual interest rate of 4.87% (fixed), you would pay 60 monthly instalments of £140.83. The total charge for credit will be £949.80 and the total amount payable will be £8,449.80.
We don't have any reviews for Co-Operative Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £2,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Easy to use and detailed website
  • Low interest rates
  • Fixed monthly payment to help with budgeting
  • Call centres open 24 hours a day, 7 days a week

Watch out for

  • You must be aged 18 or over
  • You must be a UK resident
  • A Co-operative Bank or Britannia account holder for at least a month
  • No CCJs
  • No more than three missed credit payments in six months

Fees & charges

  • Maximum APR 4.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
9.9% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 60 months at a Representative rate of 9.9% APR and an annual interest rate of 9.90% (variable), you would pay 60 monthly instalments of £125.94. The total charge for credit will be £1,556.62 and the total amount payable will be £7,556.62.
We don't have any reviews for Isle of Man Bank.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 120 months

Top choice for

  • Isle of Man residents

Watch out for

  • You must live on the Channel islands
  • You must have proof of address

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £6
2.9% APR Representative
Time to apply
OK 03m 30s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 2.9% APR and an annual interest rate of 2.91% (fixed), you would pay 60 monthly instalments of £179.28. The total charge for credit will be £756.80 and the total amount payable will be £10,756.80.
We don't have any reviews for TSB Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Personalised online quote doesn’t leave a credit footprint
  • You don’t have to be a TSB customer to apply
  • Funds available immediately for TSB customers
  • Repayment holidays available
  • Overpayments and early settlement of the loan accepted
  • No arrangement fees charged

Watch out for

  • You will need to have good credit
  • No bankruptcy or CCJs with in the last five years
  • You will need to be a UK resident
  • You must be aged 21 or over
  • You must be on the electoral roll
  • Your bank account must have Direct Debit facility
  • You cannot live on the Isle of Man or Channel Islands
  • You must be employed
  • You must earn £10,200 or over a year

Fees & charges

  • Maximum APR 29.8%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £25
3.3% APR Representative
Time to apply
Slow 06m 00s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £7,000 over 84 months at a representative rate of 3.3% APR and an annual interest rate of 3.3% (fixed), you would pay 84 monthly instalments of £93.29. The total charge for credit will be £619.28 and the total amount payable will be £7,836.15.
We don't have any reviews for First Direct Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Easy online application and loan management
  • Approved applicants have funds almost immediately
  • Able to overpay and reduce interest over loan term
  • Low interest rates

Watch out for

  • You must be a First Direct 1st Account customer
  • You will need to have good credit history

Fees & charges

  • Maximum APR 7.5%
  • Arrangement fee: £0
  • Early repayment fee: £3
  • Late payment penalties: £0
5.9% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £5,000 over 60 months at a Representative rate of 5.9% APR and an annual interest rate of 5.90% (fixed), you would pay 60 monthly instalments of £96.08. The total charge for credit will be £764.81 and the total amount payable will be £5,764.81.
We don't have any reviews for Metro Bank.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £2,000 - £20,000
  • Loan term: 12 - 60 months

Top choice for

  • Standard 5.9% interest rate for each applicant
  • Funds paid directly into Metro Bank Current Account
  • No default charges for missed payments
  • Late opening hours and telephone team available 24/7

Watch out for

  • You must be aged 18 or over
  • You must be a UK resident
  • You will need to provide proof of your identity and address
  • You must have a Metro Bank current account

Fees & charges

  • Maximum APR 5.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.4% APR Representative
Time to apply
OK 03m 47s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £10,000 over 60 months at a representative rate of 3.4% APR and an annual interest rate of 3.4% (fixed), you would pay 60 monthly instalments of £181.24. The total charge for credit will be £874.40 and the total amount payable will be £10,874.40.
We don't have any reviews for Nationwide Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Low representative APR
  • Beat any like-for-like rate by 0.5% APR for main current account customers
  • Online quote doesn’t leave a credit footprint
  • Online management portal for making payments and checking balance

Watch out for

  • Must be aged between 18 and 79
  • Must have a net monthly income of at least £700
  • Must have the right to live and work in the UK
  • Can’t have missed 3 credit commitments in the last year
  • Must not be currently bankrupt, have CCJs or be under an IVA
  • Self-employed customers must prove 1 year’s income
  • Joint applicants must live at the same address

Fees & charges

  • Maximum APR 10.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Great
Representative Example: If you borrow £7,500 over 60 months at a representative rate of 3.9% APR and an annual interest rate of 3.9% (fixed), you would pay 60 monthly instalments of £137.55. The total charge for credit will be £753 and the total amount payable will be £8,253
We don't have any reviews for The Royal Bank of Scotland Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Rates are the same for both new and long-standing customers
  • Keep an eye on the loan with online banking
  • They allow top ups
  • Funds available next working day for digital banking customers

Watch out for

  • You must be aged at least 18
  • You must have a regular income and prove affordability
  • You must have good credit history
  • You need to be an existing The Royal Bank of Scotland customer

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
7.5% APR Representative
Time to apply
Slow 05m 51s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 7.5% APR and an annual interest rate of 6.90% (fixed), you would pay 60 monthly instalments of £139.46. The total charge for credit will be £1,367.60 and the total amount payable will be £8,867.60.
We don't have any reviews for Bank of Ireland Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 6 - 60 months

Top choice for

  • Two repayment holidays each year whilst you repay the loan
  • Low rates on borrowing regardless of whether you're in Ireland or on the mainland UK
  • Irish bank that lends to those on the mainland of the UK too
  • You can get a quote on the Bank of Ireland website without it affecting your credit rating

Watch out for

  • You will need a good credit history to apply to Bank of Ireland
  • You need to have held a Bank of Ireland current account for six months prior to applying
  • Payment holidays will need to be selected before you get your loan

Fees & charges

  • Maximum APR 19.9%
  • Arrangement fee: £65
  • Early repayment fee: £0
  • Late payment penalties: £0
3.9% APR Representative
Time to apply
OK 03m 30s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £7,500 over 60 months at a Representative rate of 3.9% APR and an annual interest rate of 3.90% (fixed), you would pay 60 monthly instalments of £137.55. The total charge for credit will be £753.00 and the total amount payable will be £8,253.00.
We don't have any reviews for Ulster Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £35,000
  • Loan term: 12 - 84 months

Top choice for

  • Online banking customers can get their loan the next working day
  • Loan term up to ten years available
  • Simple application process
  • Loans can be used for a variety of purposes

Watch out for

  • You need to be aged 18 or over
  • You must have had an Ulster Bank current account for at least 6 months
  • No bankruptcy, CCJs or Court Decrees

Fees & charges

  • Maximum APR 24.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
4.9% APR Representative
Time to apply
Not known
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 4.9% APR and an annual interest rate of 4.87% (fixed), you would pay 60 monthly instalments of £187.77. The total charge for credit will be £1,266.20 and the total amount payable will be £11,266.20.
We don't have any reviews for Smile Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Easy online application
  • Monthly repayments fixed to help with budgeting
  • No arrangement fees or charges
  • Online portal for an overview of the loan

Watch out for

  • You must be a UK resident
  • You will need to be aged over 21
  • You will need to have held a Smile account for at least 1 month

Fees & charges

  • Maximum APR 20.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
11.9% APR Representative
Time to apply
Slow 10m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 60 months at a Representative rate of 11.9% APR and an annual interest rate of 11.30% (fixed), you would pay 60 monthly instalments of £134.34. The total charge for credit will be £1880.40 and the total amount payable will be £7880.40.
We don't have any reviews for Lloyds Bank Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Free personalised quote leaves no credit footprint
  • 0.5% discount applied for Club Lloyds customers
  • Repayment holidays available
  • Flexible repayment options

Watch out for

  • Must have had a Lloyds Bank current account for at least 3 months
  • You must be over 18
  • You must be a UK resident
  • You will need to have good credit

Fees & charges

  • Maximum APR 26.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.7% APR Representative
Time to apply
Slow 05m 21s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £12,500 over 48 months at a Representative rate of 3.0% APR and an annual interest rate of 3.0% (fixed), you would pay 47 monthly instalments of £276.46 and final instalment of 276.25. The total charge for credit will be £769.87 and the total amount payable will be £13,269.87.
We don't have any reviews for Clydesdale Bank Loans.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • You do not need to a be current customer
  • Online account management
  • Instant decision online, over the phone or in branch
  • You can choose to make weekly or monthly repayments

Watch out for

  • You must be aged 18 or over
  • You will need to have good credit history
  • You must have a permanent UK address
  • You must have a UK bank account
  • You will need to have a debit and/or credit card

Fees & charges

  • Maximum APR 24.5%
  • Arrangement fee: £0
  • Early repayment fee: £20
  • Late payment penalties: £0
5.5% APR Representative
Time to apply
Slow 08m 20s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,500 over 36 months at a Representative rate of 5.5% APR and an annual interest rate of 5.50% (fixed), you would pay 36 monthly instalments of £195.88. The total charge for credit will be £551.67 and the total amount payable will be £7,051.67.
We don't have any reviews for Danske Bank Fixed Rate Personal Loan.
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Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 64 months

Top choice for

  • 0.5% discount on standard fixed rate loans
  • Fixed monthly repayments make budgeting easier
  • Available to both new and existing customers
  • Single and joint applications accepted

Watch out for

  • You will need to have good credit history
  • You must be over 18 years old
  • You must open a personal current account with Danske

Fees & charges

  • Maximum APR 19.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
8.9% APR Representative
Time to apply
Slow 05m 23s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 48 months at a representative rate of 8.9% APR and an annual interest rate of 8.56% (fixed), you would pay 48 monthly instalments of £148.05. The total charge for credit will be £1106.40 and the total amount payable will be £7,106.40.
We don't have any reviews for Bank of Scotland Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £2,499
  • Loan term: 12 - 60 months

Top choice for

  • Bank of Scotland loan customers can apply to borrow more money at any time
  • 0.7% discount applied between £7,500 and £25,000 for certain customers
  • Instant decision when applying online
  • Repayment holidays available
  • Portal for easy online management

Watch out for

  • Must be an existing Bank of Scotland customer to apply online
  • You can’t have been declined for credit in the last month
  • No CCJs, defaults or bankruptcy
  • You will need to be in paid employment or have regular income
  • Be a UK resident with a permanent UK address

Fees & charges

  • Maximum APR 27.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £25
3.3% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 48 months at a Representative rate of 3.3% APR and an annual interest rate of 3.3% (fixed), you would pay 48 monthly instalments of £222.45. The total charge for credit will be £677.60 and the total amount payable will be £10,677.60.
We don't have any reviews for Ikano Bank.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £15,000
  • Loan term: 12 - 60 months

Top choice for

  • You can apply online in less than 10 minutes
  • Market leading interest rate
  • No fees for early repayments
  • No impact on credit file for online quote

Watch out for

  • You will need to be a UK resident
  • Aged 18 years or over
  • You must earn at least £10,000 per year
  • You will need to have good credit history
  • No CCJs, debt relief orders or IVAs
  • You must have a UK bank account with Direct Debit facilities

Fees & charges

  • Maximum APR 11.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £37
11.9% APR Representative
Time to apply
Slow 05m 00s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £6,000 over 60 months at a Representative rate of 11.9% APR and an annual interest rate of 12.19% (variable), you would pay 60 monthly instalments of £134.06. The total charge for credit will be £2,043.60 and the total amount payable will be £8,043.60.
We don't have any reviews for Lloyds Island Personal Loan.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £500 - £25,000
  • Loan term: 12 - 60 months

Top choice for

  • Fixed monthly repayments
  • No initial setup fee
  • Choose your own repayment date
  • Better interest rates for Island Gold and Island Premier account holders

Watch out for

  • Must be aged 18 or over
  • You will need to be a resident of the Channel Islands or Isle of Man
  • You must have a current account with Lloyds
  • You must have good credit history

Fees & charges

  • Maximum APR 14.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0
3.6% APR Representative
Time to apply
Slow 06m 33s
Application Time
OPTIOSCORE
Good
Representative Example: If you borrow £10,000 over 60 months at a Representative rate of 3.6% APR and an annual interest rate of 3.60% (), you would pay 60 monthly instalments of £182.10. The total charge for credit will be £926.00 and the total amount payable will be £10,926.00.
We don't have any reviews for Post Office Loans.
Write the first review
Average customer rating
0 out of 5
Key Facts
  • Loan amount: £1,000 - £25,000
  • Loan term: 12 - 84 months

Top choice for

  • Instant decision
  • Can have payment breaks of up to 2 months per year, Subject to certain conditions

Watch out for

  • You must be 21 years of age or older to apply
  • You cannot have any CCJ's registered against you
  • You must be earning a minimum of £12,000 per year
  • Post Office Money® Personal Loans are provided by Bank of Ireland (UK). Post Office Limited is a credit broker and not a lender
  • You must have been a UK resident for three years or longer

Fees & charges

  • Maximum APR 17.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0

A bank loan is a loan that you get from a company that holds a banking licence such as a bank or building society. There are also a number of supermarkets offering loans who hold banking licences but we have a separate comparison page for supermarket loans. Bank loans have always been very popular and they’re often the first stop when looking for a loan. Bank loans are an age old form of lending that traditionally required you to go into your local branch and have a chat with your bank advisor. Whilst you can still get a loan from your bank in this way, the majority of banks now also allow you to apply online.

Banks provide unsecured loans. This means that they rely on the promise that you’ll pay them back without asking for additional security, like a car or a guarantor. Banks establish your trustworthiness to pay back your loan based on whether you’ll be able to afford the repayments and your credit score. They only lend to those with good credit, so if you have poor credit visit our bad credit comparison table. The positive side to this? Bank loans offer some of the most competitive rates with representative APRs from 3.2% - 12.9%, borrowing £1000 to £25,000 for periods of up to 10 years. 

What not to do 

Do not apply for a bank loan if you do not meet all of their minimum acceptance criteria, as you will almost certainly be declined. By making multiple applications that are being declined you will only harm your credit file, making it increasingly difficult to get accepted for the best rates when applying for finance in the future. If you know you have bad credit, check out our comparison page for bad credit loans.

Pricing and things to watch out for

The rate listed in the table above is the Representative APR of the lender. Just beware that this is not necessarily the rate you will be offered as rates will range dependent on your personal circumstances and the amount you borrow.  

It’s also worth bearing in mind that banks will normally charge an early repayment fee if you decide to pay your loan off before the term is up. Don’t let this deter you from paying your loan off early though, just make sure that you’re aware of the cost you could incur.

Acceptance criteria

Before you apply for loan with a bank or building society make sure you meet their criteria. You’ll need to; be over 18, have a spotless credit history, receive regular income from employment; have lived in the UK for at least 3 years and have a bank account with direct debit facilities - it is quite normal that the bank will require that you hold this account with them.

Final word

Bank loans offer some of the most competitive rates available. If you have a perfect credit history and can afford the repayments then a bank loan is a suitable choice when looking for personal finance. However if your credit score isn’t great then applying for a bank loan will do more harm than good, instead check out our comparison tables for bad credit loans.

You can personalise these results with our loan search.