Compare personal loans

compare personal loans
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Comparing personal loans with us offers you:
Free and impartial
Powerful search to find the best deal
Guides and reviews to help you decide

Compare the deals available on personal borrowing using the table below.

Unsecured loans are available from a variety of lenders. With fairly low interest rates they're often one of the cheaper ways to borrow; looking for a longer repayment period can help make borrowing a bit more affordable.

To find the best deal on a personal loan, set the amount you'd like to borrow and the repayment period you'd like.


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SORT RESULTS
Any Purpose
Home Improvements
Refinance Loans
Amount to borrow:
£10,000
£1,000
£13,000
£25,000
Repayment period:
5 years
1 year
4 years
7 years
SORT DEALS BY: Loan Amount Repayment Period Representative APR Monthly Repayment Total Repaid
Sainsburys Bank Nectar Cardholder Loan
nectar cardholder loan£10,0005 years2.9% APR£179.08£10,745.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 2.9% per annum, your representative APR will be 2.9% APR, with monthly repayments of £179.08 and a total amount repayable of £10,745.00.
Zopa Personal Loan
personal loan£10,0005 years3.2% APR£180.37£10,823.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 3.2% per annum, your representative APR will be 3.2% APR, with monthly repayments of £180.37 and a total amount repayable of £10,823.00.
Nationwide Personal Loan for existing customers
personal loan for existing customers£10,0005 years3.4% APR£181.24£10,875.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 3.4% per annum, your representative APR will be 3.4% APR, with monthly repayments of £181.24 and a total amount repayable of £10,875.00.
Tesco Finance Any Purpose Loan
any purpose loan£10,0005 years3.5% APR£181.67£10,901.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 3.5% per annum, your representative APR will be 3.5% APR, with monthly repayments of £181.67 and a total amount repayable of £10,901.00.
NatWest Personal Loan (current account customers only)
personal loan (current account customers only)£10,0005 years3.9% APR£183.41£11,005.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 3.9% per annum, your representative APR will be 3.9% APR, with monthly repayments of £183.41 and a total amount repayable of £11,005.00.
Royal Bank of Scotland Personal Loan (current account customers only)
personal loan (current account customers only)£10,0005 years3.9% APR£183.41£11,005.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 3.9% per annum, your representative APR will be 3.9% APR, with monthly repayments of £183.41 and a total amount repayable of £11,005.00.
Halifax Clarity Loan (existing customers only)
clarity loan (existing customers only)£10,0005 years4.1% APR£184.28£11,057.00APPLY ONLINE
Will you get this loan?
Representative example: When you borrow £10,000 over 5 years at a fixed rate of 4.1% per annum, your representative APR will be 4.1% APR, with monthly repayments of £184.28 and a total amount repayable of £11,057.00.

Choose Ltd is a credit broker. We do not charge any fees in relation to credit broking activities.
Choose is provided to you as a completely free service, however we may receive a commission from some of the companies we list.
Any calculations provided are intended as a general guide only for comparison purposes and should not be considered as an exact representation of what you will have to pay.

How to find the best personal loan

What exactly is a personal loan?

A personal loan is an agreement between an individual and a financial institution, where the borrower is lent a lump sum that they repay in fixed amounts over a fixed period, with a fixed interest rate. Most personal loans are offered on unsecured terms, which means they're assessed on our credit records rather than our existing assets. They allow us to borrow without putting our homes or other belongings at risk, although lenders can take us to court if we default on repayments.

Note that payday loans are not the same as personal loans. Payday loans offer small amounts of cash on very expensive terms, often to people who find it hard to get credit elsewhere. They appeal because they seem convenient and simple, with interest and fees often described in pounds and pence - but the equivalent APRs are usually well above 1,000%. Choose don't list payday lenders, as we explain here, and there are plenty of alternatives.

How much can I borrow, and how much will it cost?

How much we can borrow, and how much it will cost, depends on our circumstances – our age, any other borrowing we have (including credit cards and overdrafts), and our credit history. Look for the lowest possible representative APR for the amount required: different lenders quote different rates for similar amounts.

Also note the use of the word "representative". Personal loans are subject to risk-based repricing, and the use of the phrase "representative APR" means that a lender need only offer that particular rate to at least 51% of applicants; up to 49% of people who apply will be offered a higher APR. The better our credit history, the more likely we are to get the quoted rate.

Where can I find the cheapest personal loan?

The main rule for getting the cheapest loan possible is to borrow as little as possible for as short a period as possible. Those who need to keep their monthly repayments low will often find that a longer repayment period suits them better, but this will cost more overall. Play with the sliders above to see how a longer or shorter repayment period, or different monthly repayments, affects the total cost of a loan for various amounts.

People wanting to borrow a fairly small amount – up to about £5,000, for example – may find there are cheaper ways to borrow, like a specialist credit card. Credit cards have much lower lending limits, however, and can be more expensive if used wrongly. There's more on using a credit card to borrow cheaply in this guide.

What do I need to apply for a personal loan?

Unsecured loans aren't available to undischarged bankrupts, and some lenders won't consider anyone who has any kind of serious debt problem in their history, no matter how long ago.

Beyond that, the basic eligibility criteria for most loans is that we're aged between 18 and 79, and permanent UK residents with a UK bank or building society account. Most lenders also expect us to have a steady income; minimum income thresholds vary lender by lender. To find out more about eligibility for a particular loan from a particular lender, hover over the text asking "will you get this loan?" in the table above.

Then we'll need to have proof of ID and details of our recent addresses, monthly income and expenditure including any other borrowing (plus credit cards and store cards), plus our employer's details (or those of our primary income if we're not employed). We'll also need the details of the accounts we want our loan paid in to and from which we'll make repayments.

Why can't I get a loan from lender x?

Some lenders, including some of those listed above, only provide loans to existing customers. Others will lend to people who bank elsewhere, but may save their best rates for their own customers. If a loan is only available to existing customers, the lender will usually state that before any other eligibility criteria.

It also depends how much we want to borrow, and how long for. While many lenders offer smaller value loans, there's less choice for those who want to borrow a much larger amount, or over a longer term than usual; repayment periods generally range from one to five years. The higher the loan value, the more likely it is we can access a longer repayment period.

The other reason we may fail to get a loan from a lender is the credit check, which can be an issue for people with spotless credit records too. Lenders are looking for a good borrowing history – which those who've never had a loan or credit card, or paid off the latter in full every month without fail, may lack. There's more on what makes a "good" credit history here.

Go back up to the personal loan deals  

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