Admiral Loans: Pros, Cons & Features

Admiral provides personal loans that you can use for many reasons, including to buy a car, make home improvements or consolidate debts. Learn more about Admiral loans, including their pros and cons.

Admiral personal loans: At a glance

Available Terms
1 to 8 years

Available Amounts
£1,000 to £40,000

Representative APR
12.9%

Joint Loans
No

Representative Example
Representative APR 12.9%. Based on a loan of £10,000 over 60 months at an interest of 12.19% p.a. (fixed). Monthly repayments of £223.43. Total amount payable £13,405.80.

Eligibility Criteria

Must be a permanent resident of England, Wales or Scotland
Must have lived in the UK for at least three years and have a UK bank account
Must be in employment or retired and have a minimum annual income of £19,000
Must not currently have any County Court Judgements (CCJs), any Debt Relief Orders or an Individual Voluntary Arrangement (IVA) and are not currently Bankrupt

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Admiral offers unsecured personal loans that can be used for a variety of reasons, including home improvement, consolidating debt and buying a car.

You can borrow between £1,000 and £40,000 from Admiral over a term of one to eight years. Remember, if you’re considering a loan it’s sensible only to borrow what you need and pay it back as quickly as possible, based on what you can comfortably afford to repay each month.

» COMPARE: Best personal loans

Admiral loans pros & cons

Pros

You can make penalty-free overpayments.
You can change your repayment date a month after opening.

Cons

Paying the loan into your account can take up to three working days.
Charges may apply if you pay off your loan early.

While we aim to provide accurate information, we cannot guarantee that all details will remain applicable to your specific circumstances. Product terms and conditions can change and you should conduct your own research before applying for any product. This information should not be considered a recommendation, always check the provider’s official terms.

Am I eligible for an Admiral loan?

To qualify for an Admiral personal loan, you must:

have lived in the UK for at least three years, and be a permanent resident of England, Wales or Scotland
earn a minimum annual income of £19,000
have a UK bank account
have no current CCJs, IVAs, or Debt Relief Orders
not be currently bankrupt

On top of this, you will need to pass Admiral’s credit checks and other affordability assessments.

You don’t need to have any Admiral products or be an existing customer to apply for a loan from Admiral.

» MORE: Am I eligible for a loan?