This table summarises our key Personal Loan features. It does not replace any legal conditions and you're advised to read the full conditions for more information.
Summary Box - Key information for our Personal Loans from £7,500 to £25,000 |
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APR | Typical 11.3% APR If successful, the interest rate you will pay is based on your personal circumstances and the amount you choose to borrow. |
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Interest rate charges | Loan size range Representative APR
£7,500+ From 8.7% APR to 24.9% APR |
Interest charging information | Once agreed, the interest rate is fixed and guaranteed for the life of the loan. Interest is calculated daily and added to your account monthly in arrears. |
Repayment information | Payment is by monthly Direct Debit. Your first monthly repayment is normally due within 1 month. You may also choose to defer your payment for 3 months with "Buy Now Pay Later". Repayment holidays may be available if you meet certain conditions. You can make overpayments at any time. If you make an overpayment, we will use it to reduce the length of the loan. |
Repayment Period | Loans are available over 12 to 60 months. |
Amount of loan available | Loans are available from £7,500 to £25,000. |
Application/ Arrangement fee | Not applicable. |
Other Fees | Not applicable. |
Default Fees | We may charge you for our reasonable costs or losses if you break your loan agreement. This includes a £25 fee each time that your account is transferred to our Collections Department. |
Early Settlement | You can repay your loan at any time during the repayment period. An early settlement fee of 58 days interest on your remaining balance will be chargeable, up to a maximum of £250. |
Illustrative Example | Loan Amount | Representative Rate | Term | Monthly Repayment | Total Payable |
|---|---|---|---|---|---|
£7,500 | 11.3% | 36 months | £244.82 | £8,813.44 | |
£10,000 | 11.3% | 60 months | £216.41 | £12,984.62 | |
£15,000 | 11.3% | 60 months | £324.62 | £19,476.92 |
How much we lend and the rate available are subject to our assessment of your circumstances. You must be 18 or over and a UK resident. Loans transferred instantly between the hours of 9:30am and 8:30pm or within 24 hours outside these times.
