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Best Personal Loan

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4.94

Based on 5067 reviews

A product by Lending Stream

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2025 Winner
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Lending Stream offer short-term loans. With a Lending Stream short-term loan, you can repay in six monthly instalments and there are no charges for early repayment. You can apply online and...

4.94

Based on 2941 reviews

A product by Manchester Credit Union

Anyone who lives or works in Manchester, Tameside, Trafford, Rochdale, Stockport or High Peak and Bury can join Manchester Credit Union and apply for a loan. Manchester Credit Union loans are...

4.94

Based on 2740 reviews

A product by Sheffield Credit Union

A Sheffield Credit Union personal loan where you can borrow between £200 and £15,000. Applying online takes less than ten minutes and cheaper interest rates are offered to people who...

4.93

Based on 755 reviews

A product by Capital Credit Union

With a Capital Credit Union loan, members can borrow from £50 up to £35,000. All members must save at least £15 per month alongside the loan to help build up a...

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We use a combination of data from the reviews we receive to calculate our rankings. This includes the 1-5 star ratings given by reviewers, when the reviews were left on our site and other insightful data from the reviews.

It’s important to us that all our rankings are fair and consistent in the way they’re calculated. That’s why every financial product featured on our site is ranked in the same way using our own unique algorithm.

4.93

Based on 219 reviews

A product by Your Community Bank

Your Community Bank have a range of loans to suit different needs. To apply for a loan with Your Community Bank, you will need to complete a loan application online and...

4.93

Based on 493 reviews

A product by Plend

Plend partners with lending marketplaces to provide you with a personalised loan decision. Plend aim to get you a decision on your loan application within 24 hours. Plend use advanced security...

4.93

Based on 129 reviews

A product by Monzo

Monzo personal loans are available for up to £25,000. In the Monzo app, your loan sits alongside your pots, so you can see the progress you're making. You can also give...

4.92

Based on 16790 reviews

A product by Bamboo Loans

Bamboo offer personal loans from £2,000 to £15,000 over 12 to 60 months. Bamboo don’t charge fees and there’s no impact on your credit score if you’re not approved. Existing Bamboo...

4.92

Based on 225 reviews

A product by Wave Community Bank

Wave Community Bank follow a strict ethical lending policy for loans. There are no arrangement fees for a Wave Community Bank loan and repayments include a savings element so you build...

4.91

Based on 17913 reviews

A product by Abound

Abound offer personal loans for amounts between £2,000 and £10,000. When making a lending decision, Abound look at the full picture – what you earn, how you spend and what’s...

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Frequently asked questions

What is a personal loan?

A personal loan is when you borrow a certain amount of money from a lender and pay it back over an agreed period of time, usually with interest added.

How do personal loans work?

Personal loans are commonly used to fund large purchases, like buying a new car, home improvements or paying for a wedding.

You choose how much you want to borrow and agree to repay it over a set period of time with a fixed or variable rate of interest added.

A loan that uses an asset you own as security, like property, is called a secured loan. An example of a secured loan is a mortgage. If the loan is not backed by something of value, it's called an unsecured loan. Personal loans are always unsecured.

How to get a personal loan?

Before you apply for a personal loan, it's worth checking your credit score, as it can affect how much you can borrow and the interest rate you'll be offered. When you're looking for a loan, compare lenders to find one that offers an interest rate and repayment period that suits you. Once you apply, you'll need to pass some affordability checks before your application can be accepted.

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