Joint Loans

APPLY NOW Get your Pre-Approved Rates
Choose from a list of pre-approved loan offers!
We search the whole loan market so you don't have to, without affecting your credit score!

You can easily compare and choose the best loans from £1,000 to £15,000
PersonalLoansNow's Loan Options on an iPhone

If you’re looking for joint loans that can spread the cost of borrowing, we can help you find loans with manageable repayments. We can provide you with the best rates you’ll find on the market. With joint personal loans, you’ll be able to apply for between £1,000 up to £15,000 unsecured to help pay for your next large purchase. Using just one application, you will have access to the whole market of 40+ lenders who can look to help you. Click apply now, and see what your options for great rate joint loans are today.

Apply Now!

What Are Joint Loans?

Joint loans are a form of borrowing that requires two people to sign for the agreement. This means they will share the responsibility equally. The joint liability shared with joint personal loans means if repayments are missed, both parties will be responsible. Joint direct lender loans are a great way to apply for borrowing that one of you alone may struggle to get. This means you could potentially apply for higher amounts and avoid other avenues, such as doorstep loans. This is because with two people signing the credit agreement, the risk to the lender is much less.

Joint Loan equals joint accountability - PersonalLoansNow

Joint Bad Credit Loans

We’re happy to connect you with our panel of lenders who offer joint loans to applicants with bad credit. They will consider your whole affordability towards repayments and not just your credit rating. With joint bad credit loans, if one of you has a poor credit rating, you still have a chance of being approved. This is assuming the other applicant has good credit. Our lenders cannot guarantee your loan application will be approved, but your chances increase with a second applicant. Of course, if both applicants have bad credit, the chances of being approved for joint loans is much less likely. The best thing to do is discuss with the person you’re entering a joint agreement your disposable income. If you can both afford repayments, and at least one of you has a good credit score, you’re in a good position for acceptance.

What Do I Need to Be Eligible for Joint Loans?

What Do I Need to Be Eligible for Joint Loans?

To be eligible to apply for joint loans through Personal Loans Now, you will need to meet the following requirements:

  • Are both aged 18 years or over
  • Have a UK bank account
  • Both of you have a regular source of income
  • You are both current UK residents


If you can meet the above requirements, then you are one step from applying for the best joint loans available. Depending on the lender, they may have additional requirements when it comes to joint loans. For example, one of the applicants may need to be at least 21 years old and no older than 75 years old. Much like guarantor loans, you’ll need to prove that both of you can afford to make repayments on the loan you’re applying for.


Why Should I Choose Personal Loans Now for Joint Loans?

We have access to the best rates for joint loans you’ll find on the market today. We will connect you with over 40+ direct lenders who are best placed to help. Other advantages of applying through us include:

  • Fully Online Application – you can apply completely online, with no waiting for paperwork to be signed.
  • Instant Decision – an application takes just 3 minutes to complete, with a quick decision given within 90 seconds.
  • Same Day Funding – once you’re approved, you will be credited on the same day.
  • Low Apr Rates – we’ll show you joint loans at the best rates available for you.
  • High Acceptance Rates – we’re proud to connect our applicants with lenders who can help, with 50,000 applicants already approved.

So, if you want to apply for joint loans that will match your affordability at the lowest rates, click apply now. We’ll quickly show you a personalised table of offers that match your requirements.

Apply for Personal Loan Now

Apply Now!

Joint Loans for Couples

You’ll find many great options when looking for joint loans. Most lenders, including high street banks, offer this type of borrowing. Most commonly, although you can apply for joint loans with anyone, couples will choose joint loans as an ideal choice for finance. Whether it’s a dream holiday, home improvements or other large purchase, joint loans for couples allow higher borrowing. They take into account the couple’s affordability as a whole, even if one of you has poor credit. Joint loans for couples include mortgages and large secured loans that enable higher amounts of credit above £25,000.


How Does an Application for Joint Direct Lender Loans Work?

Once you have clicked apply now, you’ll need to enter the amount of credit you wish to borrow and the repayments. Next, you’ll need to provide some personal details. This includes your date of birth, address and employment or benefit details for both applicants. The application should take just 3 minutes to complete. Once done, we’ll be able to show you a personalised table of offers. This will show you everything available from 40+ direct lenders including us.

This first part of the application doesn’t require a credit search. This means you can see all the available options for joint loans first before affecting your credit rating. Once you have decided on the loan offer you wish to continue with, a credit search will be performed. This should take approximately 90 seconds and then if approved, you will receive the funds on the same day. We’re happy to offer a convenient and efficient service that will provide the best joint loans you’ll find anywhere. This is all with just one application.

Need a Joint Loans

Get Your Loan With Personal Loans Now


Joint Loans FAQs

How Long Can I Spread Repayments on Joint Loans?

Joint loans can be spread over a number of years up to a maximum of 7 when unsecured. This means you can make the repayments on joint loans affordable each month to match your disposable income. Please note that the longer you take out joint loans for, the higher the potential interest will be. You should only apply for a longer loan term if you have no other way of affording higher monthly repayments. If you can clear the loan quicker, it is in your best interests to do so. Many lenders allow for you to be able to clear the outstanding balance early. Check the credit agreement to see if this is an option, as it will help you pay less interest in total.

Do I Need to be Married to Get Joint Loans?

No, it’s not a requirement that the joint applicants are married to each other or are married at all. Relationship status is not a lending criteria, with two applicants able to be friends or family. If you’re applying for guarantor loans, then this may differ slightly. For example, you would not be able to have a guarantor who is your spouse or has a joint bank account with you. Every lender is different so you will need to check the loan offer carefully before deciding to continue.

Can I Borrow More than £25,000 with Joint Loans?

As joint loans are a form of unsecured borrowing, the maximum you can apply for is £15,000. This is because any amounts higher than this present a bigger risk to a lender. You would need extra security to approve this amount. If you want a loan for above £15,000, our secured loans would be the best option. This is because you can potentially borrow up to £250,000 and up to 10 years for a loan term. You’ll need to consider whether taking out larger sums of money is in your best interests. With larger sums being borrowed, the interest rates may be much higher.

What Happens if I Miss Repayments on Joint Loans?

If payments are missed with joint loans, there is a joint liability with the repayments. This means both people on the credit agreement will be liable. If one of you is unable to provide payment, then the joint applicant will have to ensure it is paid. If you think you’ll potentially miss a repayment, you’ll need to contact the lender directly as soon as possible. If repayments are continuously missed, you run the risk of defaulting on the loan agreement. The lender may take legal action to claim back the money in part or full.

I’m in Financial Difficulty, Can Joint Loans Help Me?

Joint loans are ideal for applicants who can demonstrate affordability and have a good credit rating. If you’re currently in financial difficulty, you’ll need to consider if further borrowing is the right choice. Joint loans are not designed to be used to pay for other existing debts and should be used responsibly. As responsible lenders, all lenders on our panel will conduct credit searches to ensure you can afford the loan term you want. This is to ensure that you do not fall further into difficulty. You may be able to find joint debt consolidation loans that help make repaying your debt more manageable. We recommend that you speak to one of the free impartial organisations, such as the Money Advice Service. They can offer helpful advice when you need it most.

Apply Now

Apply now for your list of customised personal credit offers and get an instant decision!