Deciding how long to borrow for

A small change to your loan term could make a difference to the rate we offer. You could try getting a quote for a slightly different term (for example – 37 months instead of 36) to see if it changes your rate.

Before you apply for a loan, think carefully about what you can afford to pay back each month.

Deciding how much to borrow

We have different rates for different loan amounts. In some cases, borrowing more could mean you pay back less. It’s worth checking whether you could get a better rate by increasing or reducing the amount you borrow.

As an example, for a 4 year loan:
Depending on the rates you're offered, you could:


  • Borrow £4,950 at 9.9% per annum and pay back £5,967
  • Borrow £5,000 at 3.9% per annum and pay back £5,401
That means you save £566 by borrowing £50 more. 

Consider getting multiple quotes

We have different rates for different loan amounts. In some cases, borrowing more could mean you pay back less. It’s worth checking whether you could get a better rate by increasing or reducing the amount you borrow.

You can get as many quotes as you like to help you compare rates and how much you'll pay back overall. You don't need to worry about this affecting your credit score as we only do a soft quote at this stage.

Interest rate ranges

Loan amount  Interest rate range per annum
£1,000 to £2,999 13.9% to 24.9%
£3,000 to £4,999 9.9% to 24.9%
£5,000 to £7,499 3.9% to 24.9%
£7,500 to £25,000 2.9% to 24.9%

Please note: These rates are for people who have a mortgage, savings or current account with us.

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