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Compare Unsecured Loans

  • Unsecured loans can be used to borrow up to £50,000 over a number of years
  • Compare interest rates, loan amounts and term lengths
  • Click 'more information' for details on eligibility criteria to see whether each loan suits your individual needs
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Amigo Guarantor Loans
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  • Representative 49.9% APR.
  • Borrow up to £10,000.
  • Fast payout – Get the money in 48 hours.
  • Less stress – You won’t get credit scored.
  • No hidden costs – No set up or early repayment fees.
Representative example: Borrowing £3000 over 36 months, repaying £146.37 per month, total repayable £5269.32. Interest rate 49.9 % (variable). Maximum APR: 49.9%

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  • M&S Bank

  • Representative APR
    2.8% APR
    (£7,500 to £15,000)
  • Available Amounts
    £1,000 to £25,000
  • Min/Max Terms
    1 to 7 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Affordable monthly repayments - fixed for the life of the loan
    • Repayment holiday - option to defer repayments for the first 3 months
    • No hidden costs - no arrangement or set-up fees
    • Must be over 18
    • Must be a UK resident
    • Must have an annual income of at least £10,000
    Visit Website
  • Representative Example: The Representative APR is 2.8% APR (fixed) so if you borrow £7,500 over 3 years at a rate of 2.8% p.a (fixed) you will repay £217.32 per month & £7,823.52 in total.
    Maximum APR: 18.6%
  • RateSetter

  • Representative APR
    2.9% APR
    (£7,000 to £15,000)
  • Available Amounts
    £1,000 to £35,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • 2.9% APR only available on terms of 24-60 months for borrowers with an excellent credit rating
    • Peer-to-peer lender
    • Authorised and regulated by the Financial Conduct Authority (FCA)
    • Must be over 21
    • Must hold a UK bank or building society account
    • Must have been a UK resident for a minimum of 3 years
    • Must have a regular source of income
    • Must have a good credit history
    Visit Website
  • Representative Example: If you borrow £10,000.00 over 5 years at a nominal annual rate of 2.08% (fixed) and fees of £206.00, it would result in a representative rate of 2.9% APR (fixed). 60 Monthly payments of £179.25, total amount repayable is £10,755.00. Credit available subject to status.
    Maximum APR: 30%
  • Tesco Bank Loan for Clubcard Customers

  • Representative APR
    3.0% APR
    (£10,000 to £25,000)
  • Available Amounts
    £1,000 to £35,000
  • Min/Max Terms
    1 to 10 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • 3.0% APR rate is for loan terms of 7 years or less
    • Loan rate for Clubcard customers only
    • No arrangement fees
    • Full online application and decision
    • You can make overpayments without extra charge
    • An early repayment charge will apply if the loan is paid off in full
    • You must be aged between 18 and 74 throughout the term of the loan
    • You must have been a permanent UK resident for three years and have a UK personal current account
    • You must have a minimum annual income of £10,000
    • You must have a good credit rating
    • You must be a Clubcard customer and enter your Clubcard number when you apply
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  • Representative Example: The Representative APR is 3.0% (fixed) so if you borrow £10,000 over 4 years at a rate of 3.0% per annum (fixed) you will repay £221.16 per month and £10,615.68 in total.
    Maximum APR: 26.2%
  • Zopa

  • Representative APR
    3.0% APR
    (£7,500 to £15,000)
  • Available Amounts
    £1,000 to £25,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Zopa is a peer-to-peer lender
    • No early repayment fees (flexibility to repay loan early or make extra payments)
    • Voted most trusted loan provider (Moneywise Customer Service Awards 2010 to 2014)
    • Must be at least 20 years old
    • Must be a current UK resident with 3 years of address history in the UK
    • Must have credit history and a good track record of repaying debt
    • Minimum income of £12,000 per year (this could be a salary or pension)
    Visit Website
  • Representative Example: A loan of £10,000 over 5 years will cost you £179.68 per month at a representative 3.0% APR. The total cost after 5 years is £10,780, which includes £780.80 interest at 3.0% fixed and a £0 fee. The total amount of credit is £10,000.
    Maximum APR: 34.9%
  • Santander

  • Representative APR
    3.1% APR
    (£7,500 to £15,000)
  • Available Amounts
    £1,000 to £20,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Flexible terms
    • One fixed monthly repayment
    • Quick decision
    • Must be aged 21 or over
    • Must be a permanent UK resident
    • Must have a regular income of at least £6,000 per annum
    • Must have been not declared bankrupt, had a CCJ or an IVA within the last 6 years
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  • Representative Example: Loan amount of £10,000 with a monthly repayment of £180.11 over a loan term of 60 months at a rate of interest per annum (fixed) of 3.1%. This is equivalent to 3.1% APR Representative. Total amount repayable is £10,806.60.
    Maximum APR: 24.9%
  • Tesco Loans for Non-Clubcard Customers

  • Representative APR
    3.1% APR
    (£10,000 to £25,000)
  • Available Amounts
    £1,000 to £35,000
  • Min/Max Terms
    1 to 10 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • 3.1% APR rate is for loan terms of 7 years or less
    • No arrangement fees
    • Full online application and decision
    • You can make overpayments without extra charge
    • An early repayment charge will apply if the loan is paid off in full
    • You must be aged between 18 and 74 throughout the term of the loan
    • You must have been a permanent UK resident for three years and have a UK personal current account
    • You must have a minimum annual income of £10,000
    • You must have a good credit rating
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  • Representative Example: The Representative APR is 3.1% (fixed) so if you borrow £10,000 over 4 years at a rate of 3.1% per annum (fixed) you will repay £221.59 per month and £10,636.32 in total.
    Maximum APR: 26.2%
  • HSBC

  • Representative APR
    3.3% APR
    (£7,000 to £15,000)
  • Available Amounts
    £1,000 to £25,000
  • Min/Max Terms
    1 to 8 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Must have a bank or building society account with a Direct Debit facility
    • Must have an annual income/pension before tax of £10,000 or more
    • Personal loans quote tool
    • Must be a resident of the UK
    • Must be over 18
    • Credit subject to status
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  • Representative Example: The Representative APR is 3.3% APR (fixed) so if you borrow £7,500 over 1 years at a rate of 3.3% p.a (fixed) you will repay £636.39 per month & £7,632.73 in total.
    Maximum APR: 21.9%
  • Ikano Bank

  • Representative APR
    3.5% APR
    (£7,500 to £15,000)
  • Available Amounts
    £1,000 to £15,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Swedish bank
    • Subject to limited regulation by the Financial Conduct Authority (FCA)
    • Instant personalised quote and apply in less than 10 minutes
    • Must be 18 or over
    • Must be a UK resident
    • Must have a minimum income of £10,000 a year
    • Must have a good credit history
    • Must have a UK bank account in your name which accepts Direct Debits
    Visit Website
  • Representative Example: Loan amount; £10,000, Term; 48 months, Monthly repayments; £223.32, Total amount repayable; £10,719.36, Cost of credit; £719.36, Interest rate (fixed); 3.445%, Representative 3.5% APR.
    Maximum APR: 29%
  • NatWest

  • Representative APR
    3.9% APR
    (£7,500 to £25,000)
  • Available Amounts
    £1,000 to £50,000
  • Min/Max Terms
    1 to 7 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Product fees may apply
    • Must be over 18
    • Must be an existing NatWest current account holder
    • Must earn a regular income
    Visit Website
  • Representative Example: Borrowing £7,500.00 over 5 years at Representative 3.9% APR and Interest rate 3.90% p.a. (Fixed) will cost £137.55 per month, with a total amount payable of £8,253.00
    Maximum APR: 29.9%
  • Royal Bank of Scotland

  • Representative APR
    3.9% APR
    (£7,500 to £25,000)
  • Available Amounts
    £1,000 to £50,000
  • Min/Max Terms
    1 to 7 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Product fees may apply
    • Must be over 18
    • Must be an existing Royal Bank of Scotland current account holder
    • Must earn a regular income
    Visit Website
  • Representative Example: Borrowing £7,500.00 over 5 years at Representative 3.9% APR and Interest rate 3.90% p.a. (Fixed) will cost £137.55 per month, with a total amount payable of £8,253.00
    Maximum APR: 29.9%
  • Broker
  • Saga

    Only available to homeowners
  • Representative APR
    7.9% APR
  • Available Amounts
    £1,000 to £25,000
  • Min/Max Terms
    1 to 7 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • One rate of 7.9%, everyone who is accepted will pay this rate, for loan amounts between £1k-£25k and all repayment terms up to 7 years
    • Saga Personal Finance is a trading name of Acromas Financial Services Limited. Acromas Financial Services Limited is a credit broker, not a credit lender
    • Saga Personal Loans are provided by Shawbrook Bank Limited
    • Must be aged 50 to 75 years
    • Must live in England, Scotland or Wales
    • Minimum combined income (including pension) of £12,000 per year
    • Must be a homeowner
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  • Representative Example: Assumed borrowing of £10,000 over 36 months at a fixed rate of 7.9% per annum would result in a represenatative rate of 7.9% APR, monthly repayments of £311.65 and a total amount repayable of £11,219.40.
    Maximum APR: 7.9%
  • Broker
  • Norton Finance

    Only available to homeowners
  • Representative APR
    16.9% APR
  • Available Amounts
    £2,000 to £250,000
  • Min/Max Terms
    1 to 25 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Simple secure application process
    • Fast lending decision
    • A wide range of products available
    • Must be aged 18 to 80
    • Must be a homeowner
    • Must have a minimum income of £7,500 per year from employment, pension or benefits
    Visit Website
  • Representative Example: If you borrow £12,000 over 4 years at an interest rate of 16.9% APR (fixed) you would pay £338.36 per month. The total charge for credit would be £4,241.28. The total amount repayable would be £16,241.28. Representative 16.9% APR.
    Maximum APR: 249.9%
  • 1st Stop Personal Loans

    Only available to homeowners
  • Representative APR
    18.2% APR
  • Available Amounts
    £2,000 to £15,000
  • Min/Max Terms
    2 to 6 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Online decision in minutes
    • Repayment periods up to 6 years
    • Regulated by the Financial Conduct Authority
    • Must be aged 21 to 65 (at end of loan ) Must be in employment
    • Must be a resident of England, Scotland or Wales
    • Poor credit history considered
    • Minimum employed income of £1200 per month
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  • Representative Example: 18.2% APR Representative(fixed). Based on an assumed loan amount of £5,000 over 36 months at an interest rate of 8.6%p.a(fixed). Monthly repayment £175.39. Total amount payable £6314.04
  • Broker
  • Citrus Loans

  • Representative APR
    18.9% APR
    (£10,000 - £12,999.99)
  • Available Amounts
    £1,500 to £25,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Loan brokering service
    • No fees
    • Quick decisions
    • Must be aged 18 to 65 years
    • Must be a UK resident
    • Must be full time employed
    • Must be earning over £1200
    Visit Website
  • Representative Example: Annual Interest Rate (fixed) is 18.9% p.a. with a Representative APR of 18.9% based on borrowing £10,000 and repaying over 36 monthly repayments. Monthly repayments £358.70 with the total amount repayable £12,913.20 and the total interest payable will be £2,913.20.
    Maximum APR: 299%
  • Broker
  • Opal Loans

  • Representative APR
    29.9% APR
    (variable)
  • Available Amounts
    £500 to £25,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Loan brokering service
    • Quick decision
    • Must be 18 and 65 years old
    • Must be a UK resident
    • Must be employed
    • Must earn at least £800 per month
    Visit Website
  • Representative Example: The Representative APR is 29.9% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 29.9% p.a (fixed) you will repay £302.05 per month. Total interest payable will be £8,123. Total amount repayable is £18,123.
    Maximum APR: 299%
  • Progressive Money

    Only available to homeowners
  • Representative APR
    40.53% APR
  • Available Amounts
    £1,000 to £15,000
  • Min/Max Terms
    18 months to 15 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Simple online application and fast response from Direct Lender
    • Poor credit history considered
    • Straightforward same day decision
    • Must be a resident of England, Scotland or Wales
    • Must be aged 18-70
    • Must be a homeowner occupier
    • Must be currently employed for at least 6 months and earn a minimum of £800 net per month
    Visit Website
  • Representative Example: Loan Amount: £7,500.00. Loan Term: 60 months. Monthly Interest Rate: 2.25%. Monthly Repayments: £263.83. Interest APR: 40.53%. Total Amount Repayable: £15,829.80. This example includes an Acceptance Fee of £750 (10% of loan applied for) plus an Administration Fee of £390.
    Maximum APR: 90.86%
  • Bamboo

  • Representative APR
    49.7% APR
  • Available Amounts
    £1,000 to £5,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Bamboo™ is a trading name and trademark of First Banco Ltd
    • Authorised and regulated by the Financial Conduct Authority (FCA)
    • Must be aged between 18 and 70
    • UK residents only
    • Must have a UK bank account
    • Must have a regular source of income
    Visit Website
  • Representative Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). 35 monthly repayments of £126.61 and a final payment of £126.54. Total amount payable £4,557.89. Representative 49.7% APR.
    Maximum APR: 69.9%
  • Amigo Guarantor Loans

  • Representative APR
    49.9% APR
    (variable)
  • Available Amounts
    £500 to £10,000
  • Min/Max Terms
    1 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Must be aged 18-75
    • Must be a UK resident
    • Must have a good credit history
    • Tenants and homeowners accepted
    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
    Visit Website
  • Representative Example: Borrowing £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable). Representative 49.9% APR (variable)
    Maximum APR: 49.9%
  • Broker
  • Aspire Money

  • Representative APR
    49.9% APR
    (£3,000 to £4,999)
  • Available Amounts
    £500 to £25,000
  • Min/Max Terms
    1 to 10 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Aspire Money is a loan brokering service
    • No fees
    • Decisions within minutes
    • Over 18s only
    • UK residents only
    • Must be full time employed
    • Must be earning over £1200
    Visit Website
  • Representative Example: Borrow £3000 and pay £146.39 a month for 36 months. The Total Interest Payable is £2,270.04. The Total Amount Payable is £5,270.04.
    Maximum APR: 299%
  • Everyday Loans

  • Representative APR
    79.4% APR
  • Available Amounts
    £1,000 to £15,000
  • Min/Max Terms
    2 to 5 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Loans are subject to status and affordability, Terms & Conditions apply
    • A personalised quotation without a credit footprint
    • Regulated by the Financial Conduct Authority
    • Must be aged 18 years and older
    • Must have the full right to live and work in the UK and will be a UK resident for the full length of the loan
    • Must be able to afford the repayments and demonstrate a regular income
    • Homeowners, tenants and living with parent(s) customers are accepted
    Visit Website
  • Representative Example: Annual Interest Rate (fixed) is 59.9% p.a. with a Representative APR of 79.4% based on borrowing £3,000 and repaying over 24 monthly repayments. Monthly repayments £217.24 with the total amount repayable £5,213.68 and the total interest payable will be £2,213.68.
    Maximum APR: 299.90%
  • 118118 Money

  • Representative APR
    99.9% APR
  • Available Amounts
    £1,000 to £5,000
  • Min/Max Terms
    1 to 2 years
  • See Deal + More Information
  • Lender Details

    Application Criteria

    • Must be aged 18 - 70
    • Must be employed or self-employed
    • Must hold a UK current account with a debit card
    • Must be aged 18 - 70
    • Must have a net monthly income of £700+
    • Must have a mobile phone and email address
    Visit Website
  • Representative Example: Amount of credit £1,500 for 2 years. Interest rate: 71.30% pa (fixed). 24 scheduled monthly payments of £118.88. Total amount payable: £2,853.12. Representative 99.9% APR.
    Maximum APR: 99.9%
Our service is free of charge but we receive commissions from the providers we refer you to. This table is initially ordered by representative APR. You can use the options above the table to order it according to various criteria. Please note: all rates shown above are the lenders' advertised headline interest rates - you may be offered different rates depending on your personal credit rating.

Unsecured Loans FAQ

An unsecured loan is often what people refer to when they talk about "personal loans". These financial products are small, fixed-rate loans that are taken out for a range of personal uses - often offered for between one and seven years, at amounts between £1,000 and £25,000.

Unlike with secured loans where assets are used to secure the lending, unsecured loans require borrowers to have a moderately fair credit score in order to obtain a good deal.

However, people without good credit ratings can still sometimes obtain an unsecured loan - for instance, with the help of a guarantor.

Below are some of the most frequently asked basic questions about unsecured loans. Just click on the question headings to see the answer.

What is an Unsecured Loan?

An unsecured loan is a basic personal loan that is not linked to any of your assets, such as your home or car. This is the alternate option to a "secured" loan, wherein something of value is offered up as a guarantee for the lender in case you are unable to make the agreed-upon repayments.

Though no assets are placed at risk with an unsecured loan, you may still face legal actions and other problems if you do not pay the money owed.

What are the Pros and Cons of Unsecured Loans?

AUnsecured loans can represent a cheap and simple way to obtain the cash you need in a hurry. They also offer plenty of flexibility when it comes to choosing how you want to repay them, as most borrowers offer fixed repayment terms between one and five years in length.

Some loans will even offer the option of "payment holidays" towards the start of an agreement so the borrower will not have to pay interest for a number of months.

The biggest negative point about unsecured loans is that the repayments are often a lot more expensive than they will be with secured loans, because there's nothing there to offer security to the lender if you don't make repayments.

Am I a Good Candidate for an Unsecured Loan?

The best candidates for unsecured loans tend to be people with high credit ratings, people who have lived at the same address for an extended period of time, people with good job security, and those who have a good relationship with the bank they're hoping to take the loan out with. For instance, existing customers are likely to get better deals from a lender with whom they already hold a current account.

How Much Interest will I Need to Pay?

The interest charged on your loan will depend on a number of factors, including:

- The amount you borrow (larger amounts come with lower rates of interest in most situations)
- The term of the loan
- Your personal circumstances (credit history)

The better your credit history is, the more likely it is that you'll be eligible for the best interest rates offered by providers.

How Much Should I Borrow?

As with all loans, you should only borrow what you can afford to repay with an unsecured loan. Draw up a monthly budget, and determine how much you can afford to give back each month.

If you find that you're struggling with repayments, remember not to ignore the problem - seek out help as quickly as possible.

How Can I Get the Best Deal on my Unsecured Loan?

Unsecured loans are offered by most banks and lenders, including peer-to-peer companies today. In order to get the best deal, it's important to shop around for the terms and APR that best suit your needs.

Don't simply settle for the first offer you find, as new deals are brought onto the market by competing companies on a regular basis.