Based on 122 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...
Based on 222 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...
Based on 5367 reviews
A product by Plane Saver Credit Union
Plane Saver Credit Union offer a range of personal loans. You can borrow an amount up to £25,000. Loan decisions are tailored to your affordability, creditworthiness and personal circumstances. With Plane...
At Smart Money People we want to make it easy to compare your financial product options with our approach to rankings.
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.
Based on 3219 reviews
A product by My Community Bank
My Community Bank offer personal loans from £1,500 to £25,000. Loans can be repaid over a term of 12 to 60 months. You can apply for a My Community Bank personal...
Based on 5952 reviews
A product by OakbrookAdvance (formerly Finio Loans)
With OakbrookAdvance, you can borrow between £1,000 and £5,000. OakbrookAdvance loans can be used for all needs including home improvements, debt consolidation, weddings and car loans. You can check your eligibility...
Based on 1815 reviews
A product by 118 118 Money
118 118 Money offer personal loans from £1,000 to £5,000 over 12 to 36 months. You can check your eligibility for a 118 118 Money loan with no impact to your...
Based on 730 reviews
A product by Moneyboat.co.uk
Moneyboat offer flexible short-term loans. You can borrow up to £1500 and spread payments over two to six months. As a direct lender, Moneyboat consider all applications, looking at multiple factors...
Based on 663 reviews
A product by Penny Post Credit Union
Penny Post Credit Union offers a range of loans to members. All members can apply for the Personal Loan and there’s also a Homeowner Loan, but members can only have one...
Based on 2928 reviews
A product by Clockwise Credit Union
You can borrow between £50 and £10,000 with a Clockwise Credit Union personal loan. Repay weekly, fortnightly or monthly with no fees if you choose to repay the full loan early....
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Frequently asked questions
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What is a personal loan?
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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.
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How do personal loans work?
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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?
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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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