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
Promotion
Amigo Guarantor Loans
  • Representative 49.9% APR.
  • Borrow up to £10,000.
  • Fast payout – Get the money in 24 hours.
  • 'Best credit builder 2017' (Moneynet Award).
  • No hidden costs – No set up or early repayment fees.
  • M&S Bank logo

    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

    Eligibility Criteria

    • Must be over 18
    • Must be a UK resident
    • Must have an annual income of at least £10,000
  • Zopa logo

    Zopa

    • Representative APR
      2.9% APR (£7,500 to £15,000)
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • 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)
  • Tesco Bank logo

    Tesco Bank

    • Representative APR
      3.0% APR (£7,500 to £25,000)
    • Available Amounts
      £1,000 to £35,000
    • Min / Max Terms
      1 to 10 years

    Eligibility Criteria

    • 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
  • AA Financial Services Limited logo
    Broker

    AA Financial Services Limited

    • Representative APR
      3.1% APR (£15,001 to £25,000)
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 7 years

    Eligibility Criteria

    • Have been a UK resident for at least 3 years
    • Are over 21 and no older than 70 when the loan term ends
    • Have a regular income above £12,000 a year. If self-employed, you must have been so for over 2 years
    • Have a good credit rating without a history of County Court Judgment or bankruptcy
    • Have a UK based bank or building society account that can pay direct debits
    • Ensure that you can meet the repayments as missed payments incur a charge and could have severe consequences on your ability to obtain future credit
  • first direct - Current account holders only logo

    first direct - Current account holders only

    • Representative APR
      3.3% APR (£7,000 to £30,000)
    • Available Amounts
      £1,000 to £50,000
    • Min / Max Terms
      1 to 7 years

    Eligibility Criteria

    • Exclusively available to first direct current account holders
    • Must be 18 or over
    • Credit is subject to status
  • NatWest logo

    NatWest

    • Representative APR
      3.4% APR (£7,500 to £19,950)
    • Available Amounts
      £1,000 to £50,000
    • Min / Max Terms
      1 to 8 years

    Eligibility Criteria

    • Must be over 18
    • Must be an existing NatWest current account holder
    • Must earn a regular income
  • Royal Bank of Scotland logo

    Royal Bank of Scotland

    • Representative APR
      3.4% APR (£7,500 to £19,950)
    • Available Amounts
      £1,000 to £50,000
    • Min / Max Terms
      1 to 8 years

    Eligibility Criteria

    • Must be over 18
    • Must be an existing Royal Bank of Scotland current account holder
    • Must earn a regular income
  • Santander logo

    Santander

    • Representative APR
      3.4% APR (£7,500 to £15,000)
    • Available Amounts
      £1,000 to £20,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • 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
  • Nationwide - Available to members only logo

    Nationwide - Available to members only

    • Representative APR
      4.2% APR (£7,500 to £15,000)
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • Must be aged 18 to 79
    • 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 have a minimum combined income of £700 per month (from earnings and/or a pension)
    • If self-employed, must be a homeowner and be able to supply 1 year's audited accounts
    • Must have a good credit history
  • Ikano Bank logo

    Ikano Bank

    • Representative APR
      4.5% APR (£7,500 to £15,000)
    • Available Amounts
      £1,000 to £15,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • 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
  • RateSetter logo

    RateSetter

    • Representative APR
      6.7% APR (£7,000 to £25,000)
    • Available Amounts
      £500 to £35,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • 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
  • Norton Finance - For homeowners only logo
    Broker

    Norton Finance - For homeowners only

    • Only available to homeowners
    • Representative APR
      16.9% APR
    • Available Amounts
      £3,000 to £250,000
    • Min / Max Terms
      1 to 25 years

    Eligibility Criteria

    • 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
  • Citrus Loans logo
    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

    Eligibility Criteria

    • Must be aged 18 to 65 years
    • Must be a UK resident
    • Must be full time employed
    • Must be earning over £1200
  • Opal Loans and Mortgages logo
    Broker

    Opal Loans and Mortgages

    • Representative APR
      35.7% APR
    • Available Amounts
      £1,000 to £25,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • Must be 18 and 65 years old
    • Must be a UK resident
    • Must be employed
    • Must earn at least £800 per month
  • UK Credit Guarantor Loans logo

    UK Credit Guarantor Loans

    • Guarantor
    • Representative APR
      39.9% APR
    • Available Amounts
      £1,000 to £10,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • Must be aged 18 to 70
    • Must be a UK resident
    • Must not be recently bankrupt, in an IVA or a Debt Management Plan
  • Aspire Money logo
    Broker

    Aspire Money

    • Representative APR
      49.9% APR (£500 to £10,999)
    • Available Amounts
      £500 to £25,000
    • Min / Max Terms
      1 to 10 years

    Eligibility Criteria

    • Over 18s only
    • UK residents only
    • Must be full time employed
    • Must be earning over £1200
  • Amigo Guarantor Loans logo

    Amigo Guarantor Loans

    • Guarantor
    • Representative APR
      49.9% APR (variable)
    • Available Amounts
      £500 to £10,000
    • Min / Max Terms
      1 to 5 years

    Eligibility Criteria

    • Must be aged 18-75
    • Must be a UK resident
    • Must not be on an active bankruptcy, IVA or equivalent
  • Juo Loans logo

    Juo Loans

    • Guarantor
    • Representative APR
      49.9% APR
    • Available Amounts
      £1,000 to £3,000
    • Min / Max Terms
      1 to 3 years

    Eligibility Criteria

    • Aged between 18 and 65
    • Must live at a UK address and is not a resident of the Channel Islands
    • Must be full time or part time employed
    • Must be paid monthly or 4 weekly basis
  • Selfy Loans (Self-Employed Loans) logo

    Selfy Loans (Self-Employed Loans)

    • Representative APR
      77.7% APR
    • Available Amounts
      £1,000 to £15,000
    • Min / Max Terms
      2 to 5 years

    Eligibility Criteria

    • Must be aged 23 to 75 years (sub-contractors minimum age 21 years)
    • Must have been self-employed for 2+ years
    • Must earn a minimum gross income of £15,000 per annum (Single or Joint); £10,000 for sub-contractors
    • No bankruptcy, Debt Management Arrangement or IVA
    • Must be able to prove 3 years address history via VR or documentation proving address.
  • Everyday Loans logo

    Everyday Loans

    • Representative APR
      93.6% APR
    • Available Amounts
      £1,000 to £15,000
    • Min / Max Terms
      2 to 5 years

    Eligibility Criteria

    • 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
  • Juo Loans logo

    Juo Loans

    • Representative APR
      99.9% APR
    • Available Amounts
      £1,000 to £3,000
    • Min / Max Terms
      1 to 3 years

    Eligibility Criteria

    • Must be aged 18 to 65 years
    • Must be a UK resident (not a resident of the Channel Islands)
    • Must be paid monthly or 4 weekly basis
    • Must have a UK bank account
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. You may be offered different rates depending on your personal credit rating.Our comparison service features a selection of providers from whom we receive commission.
This table is ordered by Best Available Rate.

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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.

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?

Unsecured 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.

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