Unsecured Loans

Compare Unsecured Loans

Compare our range of unsecured loans from UK lenders and check your eligibility* without impacting your credit score

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19 products found

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TSB Personal Loan
Representative APR
2.8% APR

Available Amounts
£7,500 to £25,000

Min / Max Terms
1 to 7 years

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Eligibility Criteria
- Must be UK resident
- Must be aged 18+
- Subject to status and lending criteria
Representative Example: Representative APR 2.8%. Based on a loan of £7,500 over 60 months at a fixed rate of 2.81% per annum. Monthly repayment of £134.13. Total amount payable £8,047.80. Maximum APR: 39.9%.
Broker
AA Personal Loan - Breakdown Cover included*
Representative APR
3.1% APR

Available Amounts
£1,000 to £25,000

Min / Max Terms
1 to 7 years

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Eligibility Criteria
- Must have been a UK resident for at least 3 years
- Must be over 21 and no older than 70 when the loan term ends
- Must have a regular income above £12,000 a year
- Must have a good credit rating without a history of County Court Judgements or bankruptcy
- Must have a UK based bank account or building society account that can pay direct debits
- Must be able to meet the repayments as missed payments incur a charge and could have severe consequences on your ability to obtain future credit
- *As an AA loans customer you'll get 12 months Basic Breakdown Cover included at no extra cost, or an add-on if you're already a Member.
Representative Example: Representative 3.1% APR. Based on a loan amount of £10,000 over 60 months at an interest rate of 3.1% p.a. (fixed). Monthly repayment £179.94. Total amount repayable £10,796.37. Maximum APR: 209%.
Broker
Post Office Money Personal Loan
Representative APR
3.1% APR

Available Amounts
£1,000 to £25,000

Min / Max Terms
1 to 7 years

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Eligibility Criteria
- Must have been a UK resident for at least 3 years
- Must be over 21 and no older than 70 when the loan term ends
- Must have a regular income above £12,000 a year
- Must have a good credit rating without a history of County Court Judgements or bankruptcy
- Must have a UK based bank account or building society account that can pay direct debits
- Must be able to meet the repayments as missed payments incur a charge and could have severe consequences on your ability to obtain future credit
Representative Example: Representative 3.1% APR. Based on a loan amount of £10,000 over 60 months at an interest rate of 3.1% p.a. (fixed). Monthly repayment £179.94. Total amount repayable £10,796.37. Maximum APR: 20.9%.
JN Bank Personal Loans
Representative APR
11.9% APR

Available Amounts
£5,000 to £15,000

Min / Max Terms
2 to 5 years

Apply Now + More info
Eligibility Criteria
- Must be 21 years of age or older
- Must have been a UK resident for more than 2 years
- Must be employed or self-employed with a minimum monthly income £1,000 after tax
- Must have a UK mobile phone number and an email address
- Must have a UK bank account with a direct debit facility
- Must have no active CCJs, bankruptcies or IVAs
Representative Example: Representative APR 11.9%. Based on a loan of £9,500 over 60 months at an interest of 11.9% p.a. (fixed). Monthly repayments of £207.96. Total amount payable £12,477.60. Maximum APR: 24.9%.
Peer To Peer
Leap Personal Loan
Representative APR
13.54% APR

Available Amounts
£500 to £15,000

Min / Max Terms
1 to 5 years

Apply Now + More info
Eligibility Criteria
- Must be a UK resident
- Must be aged 21 or over at start of loan
- Must have a UK Bank Account
- You must connect to Open Banking to progress with your loan application
- Must have an annual income of at least £25,000
- Must have good repayment history, with no defaults, CCJs or IVAs in the last 3 years
Representative Example: Representative APR 13.54% (fixed). Based on a loan of £10,000 over 3 years at an interest of 12% p.a. (fixed). Monthly repayments of £335.81. Total amount payable £12,089. Maximum APR: 19.39%..
Shawbrook Personal Loan
Representative APR
14.9% APR

Available Amounts
£1,000 to £30,000

Min / Max Terms
1 to 7 years

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Eligibility Criteria
- Must have been a permanent resident of the UK for at least 12 months
- Must be aged 21 or over (at start of the loan)
- Must have a current bank or building society account
- No bankruptcies, CCJ's, or active IVAs
- Must not be unemployed
- Must have a good credit history
- Not available for the following loan purposes: bridging loan, business vehicle, business loan, holiday home, investment, mobile home, property purchase, income tax bill
Representative Example: Representative APR 14.9% (fixed). Based on a loan of £10,000 over 60 months at an interest of 14.9% p.a. (fixed). Monthly repayments of £232.53. Total amount payable £13,951.80. Maximum APR: 29.9%.
Broker
Freedom Finance
Representative APR
15.9% APR

Available Amounts
£500 to £25,000

Min / Max Terms
1 to 7 years

Check Eligibility + More info
Eligibility Criteria
- Must be aged 18 years or over
- Must be a UK resident
- Interest rates are dependent on your individual credit score
Representative Example: Representative APR 15.9% (fixed). Based on a loan of £7,500 over 60 months at an interest of 15.9% p.a. (fixed). Monthly repayments of £177.82. Total amount payable £10,669.20. Maximum APR: 249.9%.
My Community Finance Personal Loan
Representative APR
17.15% APR

Available Amounts
£1,500 to £25,000

Min / Max Terms
1 to 5 years

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Eligibility Criteria
- Must be aged 21 or over at the start of the loan
- Must be a Permanent Resident of the UK (excludes NI, Channel Islands, Isle of Man)
- Must have a current bank or building society account
- Must earn at least £18,000 from employed or self-employed income
- No current debt management arrangements, active IVA's, or bankruptcies
Representative Example: Representative APR 17.15% (fixed). Based on a loan of £6,000 over 60 months at an interest of 17.15% p.a. (fixed). Monthly repayments of £145.70. Total amount payable £8,742. Maximum APR: 42.6%.
Lendable Personal Loan
Representative APR
24.5% APR

Available Amounts
£1,000 to £25,000

Min / Max Terms
1 to 5 years

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Eligibility Criteria
- Must be aged between 18-70 (at time of application)
- Must be a UK resident (exlcuding the Channel Islands and Isle of Man)
- Have a net monthly income of £800+
- Must not be unemployed
- Bankruptcies, active CCJs and IVAs not accepted
Representative Example: Representative APR 24.5%. Based on a loan of £7,500 over 36 months at an interest of 19.5% p.a. (fixed). Monthly repayments of £286.84. Total amount payable £10,326.27. This includes £2,386.27 interest and £440 in fees. Maximum APR: 49.9%.
KOYO Personal Loan
Representative APR
24.9% APR

Available Amounts
£1,500 to £12,000

Min / Max Terms
1 to 5 years

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Eligibility Criteria
- Must be a permanent resident of the UK for at least 12 months (Not IOM or Channel Islands)
- Must be aged 20 or over (at start of the loan)
- Must have a current bank or building society account
- No current bankruptcies, CCJ's, or active IVAs
- Must not be unemployed
Representative Example: Representative APR 24.9%. Based on a loan of £4,000 over 36 months at an interest of 22.44% p.a. (fixed). 35 scheduled monthly payments of £153.97 and a final payment of £153.86. Total amount payable £5,542.81. Maximum APR: 35%.
Oplo Personal Loan

Only available to homeowners
Representative APR
26.9% APR

Available Amounts
£2,000 to £15,000

Min / Max Terms
2 to 6 years

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Eligibility Criteria
- Must be a homeowner
- Must be aged 21 or over at the start of the loan
- Must be a UK resident (excluding the Channel Islands and Isle of Man)
- Must have a current bank account or building society account
- Must be in permanent paid employment
- Must not be currently bankrupt or in an IVA or debt management arrangement
Representative Example: Representative APR 26.9%. Based on a loan of £8,518 repayable over 49 months at an interest rate of 12.48% pa (fixed). 48 monthly payments of £274.60 and a final payment of £274.66. Total amount payable £13,455.46. This includes an acceptance fee of £395. Maximum APR: 40.6%.
Creditspring Loans
Representative APR
43.1% APR

Available Amounts
£500 or £1,000

Min / Max Terms
Up to 12 months

Apply Now + More info
Eligibility Criteria
- You must be 18 years of age or older
- You must be employed
- There is a membership fee of £10 per month
Representative Example: Representative APR 43.1%. Based on a loan of £1,000 over 12 months at an interest of 0% p.a. (fixed). The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33 and 12 monthly membership payments of £10. Total amount payable £1,120. Maximum APR: 77.3%.
Guarantor My Loan

Guarantor
Representative APR
48.9% APR

Available Amounts
£1,000 to £10,000

Min / Max Terms
1 to 5 years

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Eligibility Criteria
- Must be aged 21-75
- Must be a UK resident
- Must not be on an active bankruptcy, IVA or equivalent
Representative Example: Representative APR 48.9%. Based on a loan of £4,000 over 36 months at an interest of 26.72% p.a. (fixed). Monthly repayments of £193.56. Total amount payable £6,968.16. This includes £1,246.63 interest and £1,721.53 fees. Maximum APR: 48.9%.
118 118 Personal Loan
Representative APR
49.9% APR

Available Amounts
£1,000 to £5,000

Min / Max Terms
1 to 3 years

Check Eligibility + More info
Eligibility Criteria
- Must be a UK resident
- Must be aged between 18 and 70 (at start of the loan)
- Must have UK Bank Account and Debit Card
- Monthly net income of more than £700
- Must be employed or Self Employed
Representative Example: Representative APR 49.9%. Based on a loan of £1,000 over 24 months at an interest of 41.2% pa (fixed). Monthly repayments of £61.82. Total amount payable £1,483.72. Maximum APR: 79.9%.
Loans By Mal Personal Loans
Representative APR
53.9% APR

Available Amounts
Up to £5,000

Min / Max Terms
9, 12 or 18 months

Check Eligibility + More info
Eligibility Criteria
- Must be aged 21 years or over
- Must earn at least £1,300 per month
- You can apply for one month of income
- CCJs and defaults not accepted
Representative Example: Representative APR 53.9%. Based on a loan of £1,800 over 12 months at an interest of 25.9% p.a. (fixed). Monthly repayments of £188.85. Total amount payable £2,266.20. Maximum APR: 92%.
Bamboo Personal Loan
Representative APR
59.7% APR

Available Amounts
£1,000 to £8,000

Min / Max Terms
1 to 5 years

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Eligibility Criteria
- Be aged between 18 - 72 (at time of application)
- Must be a UK resident (exlcuding the Channel Islands and Isle of Man)
- Have a net monthly income of £600+
- Must not be unemployed, a full time student or on benefits
- Must not be currently bankrupt or in an IVA
- No CCJs or defaults in last 12 months
Representative Example: Representative APR 59.7% (fixed). Based on a loan of £2,000 over 24 months at an interest of 47.73% p.a. (fixed). 23 Monthly repayments of £130.87 and a final payment of £130.91. Total amount payable £3,140.92. Maximum APR: 89.9%.
Likely Loans Personal Loan
Representative APR
59.9% APR

Available Amounts
£500 to £5,000

Min / Max Terms
1 to 3 years

Check Eligibility + More info
Eligibility Criteria
- Must live in the UK (excluding the Channel Islands and Isle of Man)
- Must be aged 18 or over at start of loan
- No bankruptcies within last 12 months
- Must have a UK Bank Account and Debit Card
- Can be Tenant or Homeowner
- Must be Employed or Self Employed
Representative Example: Representative APR 59.9% (fixed). Based on a loan of £2,000 over 24 months at an interest of 59.9% p.a. (fixed). Monthly repayments of £131.05. Total amount payable £3,145.20. Maximum APR: 89.90%.
Salad Money Personal Loan

Only available to borrowers employed in public service
Representative APR
69.9% APR

Available Amounts
£500 to £1,000

Min / Max Terms
12 to 18 months

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Eligibility Criteria
- Must be aged 18 or over
- Must be employed in public service
- Must have been employed with the same organisation for 3 months+
- Must have earned £1,100+ from your employer every month for the last three months
- Must be paid monthly, rather than weekly
- Must have an online banking account
Representative Example: Representative APR 69.9%. Based on a loan of £1,000 over 18 months at an interest of 54.19% p.a. (fixed). 17 monthly repayments of £82.16 and a final repayment of £26.09. Total amount payable £1,422.81. Maximum APR: 69.9%.
Everyday Loans Personal Loan
Representative APR
99.9% APR

Available Amounts
£1,000 to £15,000

Min / Max Terms
18 months to 5 years

Check Eligibility + More info
Eligibility Criteria
- Must be permanent UK Resident for at least 12 months (Not IOM or Channel Islands)
- Must be aged 18 or over (at start of the loan)
- Must have a current Bank or Building Society Account
- No current bankruptcies, CCJ's or IVAs
- Must not be unemployed
Representative Example: Representative APR 99.9% (fixed). Based on a loan of £3,000 over 24 months at an interest of 71.3% p.a. (fixed). Monthly repayments of £238. Total amount payable £5,706. Maximum APR: 249.5%.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Our service is free of charge but we receive commissions from the providers we refer you to. This table is initially ordered by representative APR. You can use the options above the table to order it according to various criteria. You may be offered different rates depending on your personal credit rating.

Our comparison service features a selection of providers from whom we receive commission.

*Eligibility Service:

The loans eligibility service is provided by Freedom Finance. The data you supply and submit is used to retrieve loan quotes from Freedom's panel of lenders. By using their loans eligibility service you are agreeing to Freedom's terms and conditions and privacy policy which can be found at freedomfinance.co.uk

Freedom Finance is a trading style of Freedom Finance Limited who are authorised and regulated by the Financial Conduct Authority. Freedom Finance Limited. Registered Office. Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. Registered in England & Wales 06297533. FCA No. 662079. VAT Registration Number 257 0001 44.

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Other comparisons

Last updated on 16 November 2021.

How to Choose an Unsecured Loan

If you’re considering taking out an unsecured personal loan, you’re probably trying to decide which type is right for you. Although secured loans are an option for those who have equity in their home and are willing to use it as security, unsecured loans are more common and carry less risk to the borrower.

There are a number of different types of unsecured loan and loan amounts; terms and costs will differ from lender to lender. At NerdWallet, it’s our goal to keep consumers informed about their personal finances. We want to help you understand your options a little better that’s why we’ve created the unsecured loans comparison table and information guide below.

Choosing the right type of unsecured loan

Deciding that you want to take out an unsecured loan is the easy bit. With more choice than ever before for borrowers, navigating the marketplace can be slightly overwhelming. You’ve probably got questions like: what’s the best value loan? How much time do I need to repay the loan? And will I be eligible if I apply?

These are all very valid questions and they can all be answered with just a little research. Luckily there are some fantastic online research tools available to borrowers, and lenders must also stick to strict rules put in place to prevent borrowers taking loans that they can’t afford to repay.

Let’s start with learning a little about the main types of unsecured loan.

Remember that interest rates and lending criteria differs between lenders.

Types of unsecured loan

Personal bank loans: High street banks are still a major source of personal unsecured loans, but they tend to have strict lending criteria.
Personal loans with alternative lenders: Online-only challenger banks offer loans that sometimes have more flexible criteria and terms than traditional bank loans. You can sometimes secure a loan even with poor credit, if a lender will accept the assurances of a guarantor who will repay the debt if you are unable.
Short-term loans: If you need quick access to a relatively small amount of cash, a short-term loan may come in useful, although interest rates can be on the high side. Ultra-short-term loans, often known as payday loans, can come with very high interest rates and are usually repayable in a single payment.
Peer-to-peer: Peer-to-peer lenders are matched with borrowers through dedicated online platforms. Interest rates can be favourable, but lending criteria tends to be quite strict.

Comparing unsecured loans

Once you have a better understanding of the type of loan that will suit your requirements, it’s time to start comparing lenders to find a product that looks right for you. Finding the right loan is a case of identifying the choice which provides you with the right amount of money and has repayment terms which will suit you.

It’s about assessing your priorities. You may want to prioritise repaying your loan quickly to minimise the amount of interest you will end up paying on the whole debt. Alternatively, you might need to spread the repayments out over as long a timeframe as possible to make them more affordable, which can lead to a much lower monthly outlay, but will probably cost you more in interest in the long run.

A simple way to compare the cost of an unsecured loan, as a percentage of the total loan amount over the course of an entire year, is the annual percentage rate (APR). Lenders must display their APR by law but note that ‘representative APR’ means that around half of applicants were offered the interest rate displayed, and that you could pay more if your credit history isn’t strong enough.

Choosing an unsecured loan FAQs

What does unsecured loan mean?

An unsecured loan is simply a loan that isn’t secured against an asset, such as a property, for example. This means that you don’t stand to lose your home if you fail to repay the loan; However, there could be fees and charges applied and your credit rating could also suffer should you not be able to pay the loan back or are late with any payments.

How does an unsecured loan work?

When you take out an unsecured loan, you agree a loan amount and repayment schedule with the lender. You must then keep to this repayment schedule, also covering the cost of any interest and extra fees applicable to the loan, until it is cleared – after a pre-agreed loan term.

What happens if I can’t repay my unsecured loan?

If you are struggling to meet scheduled repayments you should contact your lender who will may try to work out a new payment schedule to help you, although this could add to the overall cost of the loan. If you still can’t repay the loan, the lender can start legal action against you to recoup the money owed, which can damage your credit score.

Remember, you can contact organisations like Citizens Advice to help talk you through your options and support you if you are having debt problems.

What can I use my unsecured loan for?

Common uses for an unsecured loan are:

To consolidate debt
To make an expensive purchase
To pay bills or taxes
To pay for home improvements
To fix a broken car or appliance
To cover unexpected expenses

What should I consider before becoming an unsecured loan guarantor? There is lots of consider before agreeing to be a guarantor. Take a look at our in-depth article for help in making this difficult decision.

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Compare Unsecured Loans

TSB Personal Loan

AA Personal Loan - Breakdown Cover included*

Post Office Money Personal Loan

JN Bank Personal Loans

Leap Personal Loan

Shawbrook Personal Loan

Freedom Finance

My Community Finance Personal Loan

Lendable Personal Loan

KOYO Personal Loan

Oplo Personal Loan

Creditspring Loans

Guarantor My Loan

118 118 Personal Loan

Loans By Mal Personal Loans

Bamboo Personal Loan

Likely Loans Personal Loan

Salad Money Personal Loan

Everyday Loans Personal Loan

Award-winning comparisons you can trust

How to Choose an Unsecured Loan

Choosing the right type of unsecured loan

Types of unsecured loan

Comparing unsecured loans

Choosing an unsecured loan FAQs

Featured articles

Secured vs Unsecured Loans Explained

What is your debt-to-income ratio?

What is APR? Everything you Need to Know

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Unsecured Loans by Amount