Personal Loans in the UK

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We search the entire loan market for the best personal loans online, so you don’t have to. All without affecting your credit score!

If you want to obtain a personal loan between £300 and £1500, we have the tools and know-how to help. We’ve helped over 50,000 people get the money they need online. We provide the same benefits of applying for a bank loan but all online, all at a time that works for you. There is absolutely no paperwork involved; just click apply now and see what we can do for you.


Representative example: Borrow £1,200 for 9 months. 9 monthly repayments of £226.33. Total repayment £2,036.97. Interest rate p.a. (fixed) 145.71%. Representative APR 295.58%. The representative APR includes all applicable fees. Daily interest is capped at 0.47%.

The Best Personal Loans For You

We want to make things as easy as possible for you to get the ideal unsecured personal loan. All you need to do is decide on the amount you want, fill in our online application form, and we’ll do the rest. Within minutes, we’ll give you a personalised list of loan offers that are best for your profile from our panel of over 40 UK direct lenders. You can easily compare loan rates and terms and decide which lender you want us to send your application to. We will never forward your information without your permission.

Our advanced technology works quickly to help make an instant decision, showing you all the lenders who can help. All the lenders on our panel are FCA approved so you can have peace of mind when applying for credit. Once you have the agreed terms, read and review them and ensure you are happy with what’s on offer. Check for any fees attached, such as early repayment fees, so that you are fully aware of the loan terms. If everything is fine, you can sign online, and depending on the lender, the funds can be in your account the same day!

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Apply Online for Quick Personal Loans Today

With our online application form, you can apply through our website or app without leaving the comfort of your home. Convenience designed with you in mind is our aim. Some traditional lenders may require you to post or scan documents before loan approval. With us, just complete our online application form, and we’ll do the rest. With a personalised table of loan offers in just minutes, you could be using your new cash injection the same day. No waiting for paperwork required, just apply, get approved and start using the funds today.

Personal Loan Lenders Vs Personal Bank Loans – What’s the Difference?

It can be difficult to see differences between traditional bank personal loan and those from direct lenders. With high street banks, the interest rate can be higher than other lenders. This includes fees and charges, and you would have to sign paper documents. The way it works with an online lender is we’ll find you the best APR rates without you having to look yourself. You can complete the application form online, so no having to visit a branch or waiting for the post to come. Then have the funds deposited into your bank account on the same day once approved.

What Are Personal Loans UK?

Compare Personal Loans in the UK – Which is Right for Me?

A personal loan is a type of borrowing that is for personal use. Examples can include for a holiday, a new car, home improvements or wedding. Personal loans online range from £1,000 up to £25,000 and have repayment terms ranging between 3 months to 10 years. When approved for a personal loan, you will receive the full amount of the loan upfront. The fixed repayments will be monthly, including any interest charges. You can use our loan calculator to see exactly what your monthly repayments, interest and APR (Annual Percentage Rate) will look like.

Which Personal Loan is Right For Me?

Which Loan is Right For Me?

This depends on your current situation, but there are a number of different types of personal loan to choose from. If you’re looking for shorter repayment terms, then a short term personal loan is best. If you have a poor credit rating, you borrowing a loan with a guarantor can help. If it’s a larger loan amount you want, then a secured personal loan may be the better option. When looking for a new car or house for purchase, higher values would need added security for approval.

Is a Personal Loan Better Than Using a Credit Card?

Is a Personal Loan Comparison Better Than Using a Credit Card?

This depends on the type of borrowing convenience you want. A credit card provides you with a credit limit to stay within. This gives you the freedom to spend the amount you need as and when you need it. You will need to be aware they tend to incur heavy interest charges during the term. If you have a 0% interest rate offer, you would need to be careful to check when the offer ends. When it does, you will want to avoid incurring any large ongoing charges. With online loans, you can see upfront how much interest you will be paying. It will have a fixed repayment term, ideal when borrowing larger amounts.

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How Can I Ensure Personal Loans from a Direct Lender is the Best Option?

We want you to get the ideal finance option that meets your specific requirements. That’s why we encourage you to understand your current finances. By completing a breakdown of your income and outgoings, you will be able to see what you can afford to pay. Once you have determined your disposable income, you will be able to work out how much you can pay monthly. You will want this to leave you with a comfortable amount that allows for any unexpected bills that can occur. This will help you apply for a loan with us without causing any additional financial difficulties.


Personal Loan Pros

  • Fixed loan repayments. Most lenders have fixed monthly repayments, but you’ll need to double check that they’re not variable.
  • You can choose how long you want to repay the loan over
  • The duration of the loan affects the amount of interest charged.
  • You can consolidate multiple debts into one loan and save yourself on loan charges and fees

Personal Loan Cons

  • You normally need to borrow at least over £1,000 unless they it’s for just 12 months.
  • You’re likely to borrow more than you need because the process is easy and online. Some lenders even reduce the interest interest rate each time you borrow, making it easier to get a bigger loan.
  • These loans can be more expensive than other forms of credit available, so always compare all your options and make sure you can afford all the loan repayments.

Cheap Loans for Any Situation

We understand there can be many reasons for wanting to apply for credit. If you want to purchase a new car you’ve had your eye on, we can help you. Or you want some home improvements; we can help you find a personal loan comparison. Whilst we can help you apply for a cheap loan, our lenders will need to ensure that you are not over-stretching your finances. Each of the direct lenders on our panel will perform credit checks and affordability assessments during the approval process to ensure that the loan you have applied for is right for you, but many accept people with a low credit rating or past poor credit history.


How Do I Know If I’m Eligible for the Best Loan Rates?

The lenders in our network consider more than just your credit score. In order to be eligible for the best rates with many of our lenders, you will need to meet at least the following criteria:

  • You are 18 years old or above
  • Are a current UK resident
  • You have a valid bank account
  • You are in current employment

If you can meet all the above, then we can help you find the lowest rates today.

What are the Charges and Interest Rate of Personal Loans?

Personal loans from any lender incur interest at an Annual Percentage Rate, or APR. The full amount you will pay in interest will be within your credit agreement. You’ll be able to review this figure before proceeding you sign a loan agreement. Our lenders strive to be completely transparent when you are considering a loan with them, and they will tell you the fees upfront.

What if I can’t make the loan repayments?

If you feel you may struggle to make a loan repayment because your personal circumstances have changed, then please contact your lender as soon as possible to work out an alternate arrangement. It’s very important to be open and honest about your situation so that your lender can help you. If you ignore your lender’s requests for contact, the loan balance can pile up and it can be harder to get them removed once they have been added.

How Can I Ensure I’m Making an Informed Decision my Loan?

We recommend that before you decide to apply for credit through us that you fully consider your options. By comparing your income and expenditure, you will know what your current disposable income is. We use a database of FCA approved lenders, but you should still conduct your own research and carefully compare loan rates and terms before signing an agreement. That way, you can make the best possible informed decision when applying.

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I’m Experiencing Financial Difficulties; Can I Still Apply for Large Unsecured Loans?

Depending on what your current situation is, a personal loan may be the right solution. If you are experiencing financial difficulties, then a personal loan may not be the right choice for you. You can apply through us, but if you know you have bad credit, you should seek independent financial advice first. You can contact the Money Advice Service for example, who will be able to offer you free and impartial advice. You may alternatively want to apply for a debt consolidation loan instead to restructure your current debt.

Are you a Broker or Direct Lender?

PersonalLoansNow is a leading broker in the UK. By filling out our one simple application, we can give you a personalised table of loan offers best suited for you within minutes. We have a network of over 40 responsible, FCA regulated lenders with competitive rates that you can easily compare online. You choose the lender you want and we’ll forward them your application so they can run the necessary affordability and credit checks. You don’t have to fill out multiple applications, and we make sure there are no extra credit searches on your file. We’ll never pass your information to lenders without your permission. With Personal Loans Now, you will be in the best position to find the loan you want.

What’s the Difference between Secured and Unsecured Loans?

Unsecured personal loans require no guarantee or collateral. They are usually more expensive than secured loans and are available from banks or online lenders. A secured loan require you to give something to the lender as security that you’ll repay the loan, such as your home – if it’s a big loan – or your car. You can read more about secured loans here.

How Much Can I Borrow Today?

How much you can borrow will depend on the type of loan you want and which lender you choose to apply with. We have a network of over 40 lenders, and each has their own borrowing limits.

You’ll find all the information you’ll need to apply for the cheapest personal loans in the UK today. If you have any other queries, please don’t hesitate to contact us. We’ll put you in touch with one of our friendly team to answer any questions you may have. If you’re ready to fill in an application, hit apply now today, and we’ll get to work.

Can I make early monthly repayments or settle my loan early?

Each lender will have a different answer to this question, but most lenders allow you to settle the loan early, provided you pay an early repayment fee. If you think you will want to close the loan early, we suggest that you carefully check what the lender’s early repayment fee is and what conditions are attached to early settlement. If you can’t find the information quickly on the lender’s website, it can usually be found in the consumer credit agreement which you can read carefully before you sign.

Will I be allowed to top up my existing loan?

Again, different lenders will have different criteria. Some lenders will not allow you to borrow more money until the existing loan is paid off. On the other hand, some lenders will allow you to top up your loan, provided that you pass a fresh set of credit checks and affordability assessments and that you’ve had no late monthly repayments on your loan to date.

What happens if I want to cancel my loan?

If you have not yet signed a loan agreement, most lenders will have a ‘Withdrawal period’ clause that allows you to withdraw from the contract within a set amount of days. This will sometimes be 7 days or it can be 14 days for example. If you haven’t yet signed the loan agreement and you’re not happy with the loan offer or the terms and conditions, simply do not sign and you will not funded. No responsible lender will fund a loan until you have signed a consumer credit agreement.

What if I want to complain about my loan?

If you feel like you were lent to irresponsibly, or you feel that you have a valid reason to complain about the lender, you should contact them in writing first. If the lender deals with your complaint efficiently and you’re happy with the outcome, that’s great! If, however, you are not satisfied, you can file a complaint with the Financial Ombudsman Service (FOS). They will look at your complaint and decide whether to escalate it or not.

Your lender is bound to the decision of an ombudsman, so they’ll have to carry out whatever the ombudsman decides.

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