Find the right personal loan for youUse our personal loans guide to find the best personal loan

Find the lowest rate personal loan for you with our personal loan guide.

A personal loan is a convenient way of borrowing money from a bank, building society or other financial service provider. You can usually borrow up to around £15,000 for a period that can range from 6 months to 10 years at a rate that is fixed from the outset. 

Personal loans are available for most people depending on credit history, it used to be that you needed very good credit history to pass but now the lenders are more flexibile and just charge you a little more if your credit history is less than perfect.

Usuaully with a personal loan the more you borrow, the lower the interest, but rates vary from around 6% to 20%, so it makes sense to look at other personal loan lenders before you make your final decision.

Most people take out personal loans for personal use such as a car purchase as it's often cheaper than finance, family reasons such as a wedding or holiday, or household use like a new kitchen or bathroom as opposed to popping it on their mortgage.

There are two kinds of personal loans, click to see an explanation of secured loan and unsecured loan

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