Unsecured Loans

Compare Unsecured Loans

Compare a range of unsecured loans from leading UK providers
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18 products found

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Broker
AA Personal Loan - Breakdown Cover included*

Powered by Freedom Finance
Representative APR
3.0% APR

Available Amounts
£1,000 to £25,000

Min / Max Terms
1 to 7 years
Check Eligibility on Freedom Finance's website + More info
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 APR 3.0%. Based on a loan of £20,000 over 60 months at an interest of 3.0% p.a. (fixed). Monthly repayments of £359.01. Total amount payable £21,540.60. Maximum APR: 18.9%.
Broker
Post Office Money Personal Loan

Powered by Freedom Finance
Representative APR
3.2% APR

Available Amounts
£1,000 to £25,000

Min / Max Terms
1 to 7 years
Check Eligibility on Freedom Finance's website + More info
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 3.2% APR. Based on a loan amount of £10,000 over 36 months at an interest rate of 3.2% p.a. (fixed). Monthly repayment £291.49. Total amount repayable £10,493.69. Maximum APR: 29.9%.
Hastings Personal Loan

Powered by Freedom Finance
Representative APR
10.9% APR

Available Amounts
£1,000 to £25,000

Min / Max Terms
1 to 5 years
Check Eligibility on Freedom Finance's website + More info
Eligibility Criteria
- Must be permanent UK resident
- Must have a current Bank or Building Society Account
- Must be in permanent paid employment
- No current bankruptcies
- No current debt management arrangements
- No active IVAs
Representative Example: Representative APR 10.9% (fixed). Based on a loan of £5,000 over 60 months at an interest of 10.39% p.a. (fixed). Monthly repayments of £107.20. Total amount payable £6,432.00. Maximum APR: 29%.
Shawbrook Personal Loan

Powered by Freedom Finance
Representative APR
14.9% APR

Available Amounts
£1,000 - £35,000

Min / Max Terms
1 to 7 years
Check Eligibility on Freedom Finance's website + More info
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
Norton Finance Personal Loan - For homeowners only

Only available to homeowners
Representative APR
15.4% APR

Available Amounts
£3,000 to £25,000

Min / Max Terms
1 to 25 years
Apply Now on Norton Finance's website + More info
Eligibility Criteria
- Must be aged 18 to 80
- Must be a homeowner
- Must have a minimum income of £7,500 per year from employment, pension or benefits
Representative Example: Representative APR 15.4% (fixed). Based on a loan of £12,000 over 48 months at an interest of 15.4% p.a. (fixed). Monthly repayments of £330.33. Total amount payable £15,855.84. Maximum APR: 99.1%.
Broker
Freedom Finance
Representative APR
15.9% APR

Available Amounts
£500 to £25,000

Min / Max Terms
1 to 7 years
Check Eligibility on Freedom Finance's website + 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

Powered by Freedom Finance
Representative APR
17.09% APR

Available Amounts
£1,500 to £25,000

Min / Max Terms
1 to 5 years
Check Eligibility on Freedom Finance's website + More info
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 17.09% (fixed). Based on a loan of £8,000 over 60 months at an interest of 17.09% p.a. (fixed). Monthly repayments of £194.03. Total amount payable £11,641.80. Maximum APR: 42.6%.
KOYO Personal Loan

Powered by Freedom Finance
Representative APR
22% APR

Available Amounts
£1,000 - £3,000

Min / Max Terms
6 months to 3 years
Check Eligibility on Freedom Finance's website + More info
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 22%. Based on a loan of £4,000 over 36 months at an interest of 20% p.a. (fixed). 36 monthly repayments of £148.76. Total amount payable £5,355.28. Maximum APR: 35%.
Oplo Personal Loan

Powered by Freedom Finance

Only available to homeowners
Representative APR
28.5% APR

Available Amounts
£2,000 to £15,000

Min / Max Terms
2 to 6 years
Check Eligibility on Freedom Finance's website + More info
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 28.5%. Based on a loan of £7,873 over 51 months at an interest of 13.3% p.a. (fixed). 50 monthly payments of £253.90 and a final payment of £253.65. Total amount payable £12,948.65. This includes an acceptance fee of £395. Maximum APR: 40.6%.
Lendable Personal Loan

Powered by Freedom Finance
Representative APR
28.6% APR

Available Amounts
£1,000 to £10,000

Min / Max Terms
1 to 5 years
Check Eligibility on Freedom Finance's website + More info
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 28.6%. Based on a loan of £7,500 over 36 months at an interest of 23.4% p.a. (fixed). Monthly repayments of £299.86. Total amount payable £10,795.10. This includes £2,855.10 interest and £440 in fees. Maximum APR: 49.9%.
118 118 Personal Loan

Powered by Freedom Finance
Representative APR
44.9% APR

Available Amounts
£1,000 to £5,000

Min / Max Terms
1 to 2 years
Check Eligibility on Freedom Finance's website + 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 44.9%. Based on a loan of £1,800 over 24 months at an interest of 37.66% pa (fixed). Monthly repayments of £108.94. Total amount payable £2,614.56. Maximum APR: 79.9%.
Guarantor My Loan

Powered by Freedom Finance

Guarantor
Representative APR
48.9% APR

Available Amounts
£1,000 to £10,000

Min / Max Terms
1 to 5 years
Check Eligibility on Freedom Finance's website + More info
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%.
Broker
Aspire Money Personal Loan
Representative APR
49.7% APR

Available Amounts
£50 to £25,000

Min / Max Terms
1 to 5 years
Apply Now on Aspire Money's website + More info
Eligibility Criteria
- Over 18s only
- UK residents only
- Must be full time employed
- Must be earning over £1,200
- Interest rates may vary due to your circumstances and loan amount required
Representative Example: Representative APR 49.7% (fixed). Based on a loan of £5,000 over 36 months at an interest of 49.7% p.a. (fixed). Monthly repayments of £243.57. Total amount payable £8,768.52. Maximum APR: 1,611%.
George Banco Guarantor Loan

Powered by Freedom Finance

Guarantor
Representative APR
49.7% APR

Available Amounts
£1,000 to £15,000

Min / Max Terms
1 to 5 years
Check Eligibility on Freedom Finance's website + More info
Eligibility Criteria
- Must be a UK resident (excludes Isle of Man and Channel Islands)
- Must have a UK bank account
- Must be aged 21 or over
- Must have a UK bank account with a valid UK debit card
- Must have a minimum income after tax of £1,000 pcm (not furloughed)
- Must not be subject to a current Individual voluntary arrangement (IVA) or bankruptcy order
- Guarantor must live in the UK with provable income, a UK bank account and no current bankruptcies or active IV's.
Representative Example: Representative APR 49.7% (fixed). Based on a loan of £3,500 over 36 months at an interest of 41.4% p.a. (fixed). Monthly repayments of £170.56. Total amount payable £6,140.16. Maximum APR: 49.7%.
Tappily
Representative APR
49.7% APR

Available Amounts
Up to £2,500

Min / Max Terms
No min or max term
Apply Now on Tappily's website + More info
Eligibility Criteria
- Must be a UK resident
- Must be aged 18 or over
- Must have a regular income
Representative Example: Representative APR 49.7%. Based on a loan of £1,200 over 75 days at an interest rate of 124% p.a. (variable). Interest is charged at 0.34%. This equates to £0.34 per day for every £100 borrowed. Maximum APR: 49.7%.
Bamboo Personal Loan

Powered by Freedom Finance
Representative APR
59.7% APR

Available Amounts
£1,000 to £8,000

Min / Max Terms
1 to 5 years
Check Eligibility on Freedom Finance's website + More info
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

Powered by Freedom Finance
Representative APR
59.9% APR

Available Amounts
£500 - £5,000

Min / Max Terms
1 to 3 years
Check Eligibility on Freedom Finance's website + 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%.
Everyday Loans Personal Loan

Powered by Freedom Finance
Representative APR
99.9% APR

Available Amounts
£1,000 - £15,000

Min / Max Terms
18 months - 5 years
Check Eligibility on Freedom Finance's website + 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:

This loans comparison also contains products that can be applied for directly with the lender. These products do not form part of the eligibility service and terms should be checked carefully before proceeding.

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.

Award-winning comparisons you can trust

It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

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Published on 05 July 2017. Last updated on 13 May 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.

Featured articles

Go to Loans Hub

Compare Unsecured Loans

Free Eligibility Checker

AA Personal Loan - Breakdown Cover included*

Post Office Money Personal Loan

Hastings Personal Loan

Shawbrook Personal Loan

Norton Finance Personal Loan - For homeowners only

Freedom Finance

My Community Finance Personal Loan

KOYO Personal Loan

Oplo Personal Loan

Lendable Personal Loan

118 118 Personal Loan

Guarantor My Loan

Aspire Money Personal Loan

George Banco Guarantor Loan

Tappily

Bamboo Personal Loan

Likely Loans 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

Unsecured loans vs secured loans

What is your debt-to-income ratio?

Loans and APR: what you need to know

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