{"id":1532,"date":"2023-12-09T13:11:58","date_gmt":"2023-12-09T13:11:58","guid":{"rendered":"https:\/\/usaontheweb.com\/insurance\/?page_id=1532"},"modified":"2023-12-09T19:17:23","modified_gmt":"2023-12-09T19:17:23","slug":"personal-loans-guide","status":"publish","type":"page","link":"http:\/\/usaontheweb.com\/insurance\/personal-loans-guide\/","title":{"rendered":"Personal Loans Guide"},"content":{"rendered":"<h1>Personal Loans Guide<\/h1>\n<p>A personal loan is simply a way of borrowing money that you\u2019re required to pay back over an agreed period with interest. Knowing where to get the best deal can be difficult, so we\u2019ll compare a broad range of personal loans from across the market to find the right fit for you.<\/p>\n<h1><img fetchpriority=\"high\" decoding=\"async\" class=\"Personal Loans Guide alignnone wp-image-1589\" title=\"Personal Loans Guide\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;1375&#39;%20height=&#39;550&#39;%20viewBox%3D&#39;0%200%201375%20550&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan25-1024x410.jpg\" alt=\"Personal Loans Guide\" width=\"1375\" height=\"550\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan25-1024x410.jpg 1024w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan25-300x120.jpg 300w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan25-768x307.jpg 768w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan25-600x240.jpg 600w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan25.jpg 1200w\" data-sizes=\"(max-width: 1375px) 100vw, 1375px\" \/><\/h1>\n<h2>Welcome to the Personal Loans Guide<\/h2>\n<p>Personal loans are\u00a0usually\u00a0unsecured,\u00a0which\u00a0means\u00a0you\u2019re not putting your valuable possessions, such as your home\u00a0or car, up as\u00a0security or\u00a0collateral\u00a0against the debt.\u00a0But this limits how much you can borrow \u2013 it\u2019s\u00a0typically up to about\u00a0\u00a325,000.<\/p>\n<h2><\/h2>\n<h4 class=\"heading-5\">Table of Contents<\/h4>\n<ul>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Eight_Point_Header\">What Is a Personal Loan?<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Eight_Point_Header_1\">Best Personal Loans<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_8\">Advantages and Disadvantages of Personal Loans<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_14\">Benefits of a Personal Loan:<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_15\">Drawbacks of a Personal Loan:<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_10\">How to Apply for a Personal Loan<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_11\">Alternatives to Personal Loans<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Eight_Point_Header_13\">FAQ about Personal Loans<\/a><\/span><\/li>\n<\/ul>\n<h2><\/h2>\n<h1 id=\"Eight_Point_Header\">What is a Personal Loan?<\/h1>\n<p><img decoding=\"async\" class=\"Personal Loans Guide alignnone wp-image-1543\" title=\"Personal Loans Guide\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;1221&#39;%20height=&#39;651&#39;%20viewBox%3D&#39;0%200%201221%20651&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan10.png\" alt=\"Personal Loans Guide\" width=\"1221\" height=\"651\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan10.png 750w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan10-300x160.png 300w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan10-600x320.png 600w\" data-sizes=\"(max-width: 1221px) 100vw, 1221px\" \/><\/p>\n<p><strong>A Personal Loan<\/strong> lets you borrow an amount of money from a lender over an agreed period (or term). The amount you borrow, plus interest, is typically paid back in fixed monthly instalments.<\/p>\n<p><strong>You can use a personal loan to pay for any wedding expenses:<\/strong><\/p>\n<ul>\n<li>Rings<\/li>\n<li>Venue<\/li>\n<li>Catering<\/li>\n<li>Honeymoon<\/li>\n<li>Decorations<\/li>\n<li>Entertainment<\/li>\n<li>Photographer<\/li>\n<li>Invitations<\/li>\n<li>Hair and makeup<\/li>\n<li>Wedding dress and tuxedo<\/li>\n<li>Travel for destination weddings<\/li>\n<\/ul>\n<p>Many personal loan lenders rebrand their general-purpose personal loans into specific uses, even though they&#8217;re all the same thing.<\/p>\n<h1 id=\"Eight_Point_Header_1\">Best Personal Loan Providers<\/h1>\n<p>If you&#8217;ve done the work and figured out that a personal loan makes sense for you, there&#8217;s no shortage of options to choose from. There are thousands of personal loan lenders out there, we break down a few of the best personal loans to choose from.<\/p>\n<ul>\n<li><span class=\"cz_brdashed cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-width: 1px; border-style: dashed dashed solid; border-color: initial; border-image: initial; border-radius: 2px;\"><a href=\"#Third_Point_Header_2\">Best for Low Rates<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_3\">Best for Bad Credit<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_4\">Best for Small Loans<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_6\">Best for Fast Funding<\/a><\/span><\/li>\n<li><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a href=\"#Third_Point_Header_7\">Best for No Fees<\/a><\/span><\/li>\n<\/ul>\n<div><\/div>\n<div class=\"cta-button\"><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\">See Which Loans You Qualify For<\/a><\/span><\/div>\n<p class=\"has-text-align-center\"><sub><em>\u00a0<\/em><\/sub><\/p>\n<h2 id=\"Third_Point_Header_2\">Best for Low Rates<\/h2>\n<div class=\"grid product-promo\">\n<h3 class=\"margin-top-sm\">Loan.co.uk<\/h3>\n<div class=\"product-info\">\n<p><a class=\"btn primary blueberry\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-1570\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;331&#39;%20height=&#39;152&#39;%20viewBox%3D&#39;0%200%20331%20152&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aloan.png\" alt=\"\" width=\"331\" height=\"152\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aloan.png 331w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aloan-300x138.png 300w\" data-sizes=\"(max-width: 331px) 100vw, 331px\" \/><\/a><\/p>\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" title=\"Click Here to get a Free Personal Loans Quote from Loan.co.uk\" href=\"https:\/\/www.loan.co.uk\/\" target=\"_blank\" rel=\"noopener sponsored\">Check Your Rate<\/a><br \/>\n<\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<div class=\"product-stats\">\n<ul>\n<li><span class=\"eyebrow no-bkg\">Loan Amounts \u00a3100<\/span><span class=\"heading-5\">0 \u2013 \u00a330,000<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Loan Terms from 3 to 18 months<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">No Minimum Credit Score<\/span><\/li>\n<\/ul>\n<h3><strong>About Loan.co.uk<\/strong><\/h3>\n<p>An award winning, UK based loans and mortgages fintech, we have helped 1,000\u2019s of people to consolidate their debt and fund home improvements, weddings and other life changing purchases. We have also helped 1000\u2019s people to consolidate their over expensive debt. We are rated 4.97 out of 5 on Reviews.co.uk from more than 1650\u00a0reviewers. We provide completely free, no obligation quotes after searching our extensive panel of lenders with 1000\u2019s of secured loans products from across the market using the most advanced technology in the country. Loan.co.uk is a credit broker not a lender. Loan.co.uk\u00a0is authorised and regulated by the Financial Conduct Authority, FCA reg number 718486.<\/p>\n<p>At Loan.co.uk, a senior leadership team with over a 100 years\u2019 experience in digital loan acquisition and fulfilment, merges cutting edge proprietary technology, with a simple consumer brand and a team of the most helpful, experienced and professional employees in the country, on a mission to simplify the way UK consumers borrow money forever. We believe our fusion of hard working, talented people and forward-thinking technology can help you.<\/p>\n<h3 class=\"x-small orange-light\"><strong>What makes us different.<\/strong><\/h3>\n<ol>\n<li>We pay for everything &#8211; \u00a0Credit searches, valuations, legal searches, third party references. We cover the cost of everything.<\/li>\n<li>Our client fees are up to 60% cheaper than our homeowner loan competitors.<\/li>\n<li>Market leading technology. We continue to invest millions of pounds in\u00a0our technology to make the client experience simple, transparent and hassle-free.<\/li>\n<li>We will work with you to understand how we can be successful together, helping our mutual clients obtain the money they need, while generating income for your business.<\/li>\n<\/ol>\n<\/div>\n<div class=\"grid product-promo\">\n<div class=\"tabs-container\">\n<div class=\"tabs-content\">\n<div class=\"tab-content tab1 small\">\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a title=\"Click Here to get a Free Personal Loans Quote from Loan.co.uk\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\">Calculate A Personal Loan<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h2 id=\"Third_Point_Header_3\">Best for Bad Credit<\/h2>\n<div class=\"grid product-promo\">\n<h3>Post Office Personal Loans<\/h3>\n<div class=\"product-info\">\n<p><a class=\"btn primary blueberry\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1571\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;168&#39;%20height=&#39;133&#39;%20viewBox%3D&#39;0%200%20168%20133&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/post-office.jpg\" alt=\"\" width=\"168\" height=\"133\" \/><\/a><\/p>\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\">Check Your Rate<\/a><br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"product-stats\">\n<ul>\n<li><span class=\"eyebrow no-bkg\">Loan Amounts<\/span><span class=\"heading-5\">$1,000 \u2013 $50,000<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Loan Terms<\/span><span class=\"heading-5\">24 \u2013 84 months<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">APR Range<\/span><span class=\"heading-5\">8.49% \u2013 35.97%<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Minimum<br \/>\nCredit Score<\/span><span class=\"heading-5\">560 or higher<\/span><\/li>\n<\/ul>\n<h3>About Post Office Personal Loans<\/h3>\n<p><strong>At Post Office\u00ae,<\/strong> we aspire to be at the very heart of customers\u2019 choice by becoming the most trusted provider of essential services to every person in the land.<\/p>\n<p>Post Office\u00ae and its partners offer over 170 products under four product pillars:<\/p>\n<p>The Post Office\u00ae is now more than it ever was &#8211; an independent multi-channel business, with a vibrant, fast-growing financial services business, separated from Royal Mail and embarking on a new era of growth, modernisation and customer excellence in serving the UK population.<\/p>\n<p>We have the largest retail network in the UK with almost 11,800 branches. And we want to grow further: we are a multi-channel business providing more than 170 products and services to our customers but our vision is to deliver more. Our financial services business, for instance, is one of the fastest growing in the UK, with almost 3 million customers, a growing mortgage business and a current account being piloted in 2013. The Post Office\u00ae, trusted and part of the fabric of our society, is an increasingly credible alternative to the high street banks.<\/p>\n<p><strong>Choose a loan between \u00a31,000 and \u00a325,000<\/strong> with fixed monthly repayments.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div class=\"grid product-promo\">\n<div class=\"tabs-container\">\n<div class=\"tabs-content\">\n<div class=\"tab-content tab1 small\">\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a title=\"Click Here to receive a Free Personal Loans Quote from The Post Officeco.uk\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\">Calculate a Personal Loan<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h2 id=\"Third_Point_Header_4\">Best for Small Loans<\/h2>\n<div class=\"grid product-promo\">\n<h3>AA Loans<\/h3>\n<div class=\"product-info\">\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" title=\"Click Here to receive a Free Personal Loans Quote from The AA Loans company\" href=\"https:\/\/www.theaa.com\/loans\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1572\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;168&#39;%20height=&#39;168&#39;%20viewBox%3D&#39;0%200%20168%20168&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aalogo.pn_.png\" alt=\"\" width=\"168\" height=\"168\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aalogo.pn_.png 168w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aalogo.pn_-150x150.png 150w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/aalogo.pn_-100x100.png 100w\" data-sizes=\"(max-width: 168px) 100vw, 168px\" \/><\/a><\/span><\/p>\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" title=\"Click Here to receive a Free Personal Loans Quote from The AA Loans company\" href=\"https:\/\/www.theaa.com\/loans\/\" target=\"_blank\" rel=\"noopener\">Check Your Rate<\/a><br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"product-stats\">\n<ul>\n<li><span class=\"eyebrow no-bkg\">Loan Amounts <\/span><span class=\"heading-5\">$1,000 \u2013 $40,000<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Loan Terms<\/span><span class=\"heading-5\">24 \u2013 60 months<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">APR Range<\/span><span class=\"heading-5\">8.05% \u2013 36.00%<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Minimum<br \/>\nCredit Score<\/span><span class=\"heading-5\">600 or higher<\/span><\/li>\n<\/ul>\n<h3><strong>About The AA Loans<\/strong><\/h3>\n<p>AA Loans offer unsecured personal loans, they can be used for debt consolidation, car, home improvements etc. The rate is currently 3.3% (from 23rd June 2020)\u00a0and is provided by Bank of Ireland UK.<\/p>\n<h3><strong>USPs<\/strong><\/h3>\n<ul>\n<li>Fixed monthly repayments for the duration of the loan<\/li>\n<li>Spread the repayments over 1-7 years<\/li>\n<li>No arrangement or set up fee<\/li>\n<li>Other\u00a0Loan\u00a0amounts and terms available. Loan amounts range from \u00a31,000 to \u00a325,000, with terms available from 1-7 years.<\/li>\n<\/ul>\n<h3><strong>To apply for an AA Loan applicants must:<\/strong><\/h3>\n<ul>\n<li>Have been a UK resident for at least 3 years<\/li>\n<li>Be over 21 and no older than 70 when the loan term ends<\/li>\n<li>Have a regular (minimum) annual income of \u00a312,000 (gross). If you are self- employed you must have been employed for a minimum of 2 years<\/li>\n<li>Have a UK based bank or building society current account that can pay direct debits<\/li>\n<li>Ensure that they can meet the repayments, as missed payments incur a charge and could have severe consequences on their ability to obtain future credit<\/li>\n<\/ul>\n<p class=\"x-small orange-light\"><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a title=\"Click Here to receive a Free Personal Loans Quote from The AA Loans Company\" href=\"https:\/\/www.theaa.com\/loans\/\" target=\"_blank\" rel=\"noopener\">Calculate a Personal Loan<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div class=\"grid product-promo\">\n<div class=\"tabs-container\">\n<div class=\"tabs-content\">\n<div class=\"tab-content tab1 small\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 id=\"Third_Point_Header_6\">Best for Fast Funding<\/h2>\n<div class=\"grid product-promo\">\n<h3>MasterLoan.co.uk<\/h3>\n<div class=\"product-info\">\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" title=\"Click Here to receive a Free Personal Loans Quote from The MasterLoan co.uk\" href=\"https:\/\/www.masterloan.co.uk\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1573\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;168&#39;%20height=&#39;168&#39;%20viewBox%3D&#39;0%200%20168%20168&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/master-loan.png\" alt=\"\" width=\"168\" height=\"168\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/master-loan.png 168w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/master-loan-150x150.png 150w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/master-loan-100x100.png 100w\" data-sizes=\"(max-width: 168px) 100vw, 168px\" \/><\/a><\/span><\/p>\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" title=\"Click Here to receive a Free Personal Loans Quote from The MasterLoan co.uk\" href=\"https:\/\/www.masterloan.co.uk\/\" target=\"_blank\" rel=\"noopener\">Check Your Rate<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"product-stats\">\n<ul>\n<li><span class=\"eyebrow no-bkg\">Loan Amounts<\/span><span class=\"heading-5\">$2,000 \u2013 $36,500<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Loan Terms<\/span><span class=\"heading-5\">24 \u2013 72 months<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">APR Range<\/span><span class=\"heading-5\">7.99% \u2013 35.99%<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Minimum<br \/>\nCredit Score<\/span><span class=\"heading-5\">600 or higher<\/span><\/li>\n<\/ul>\n<h3>About MasterLoan.co.uk<\/h3>\n<p class=\"x-small orange-light\">Masterloan.co.uk compare 100&#8217;s of different loan plans, no matter where you are in the UK. Our dedicated home loans team will search and find the best solution for you and at all times we will keep you informed of you home loan application. We offer homeowners and business owners loans and mortgages and offer loans from \u00a31,000 up to \u00a32.5 Million with fast market leading completions.<\/p>\n<\/div>\n<div class=\"grid product-promo\">\n<div class=\"tabs-container\">\n<div class=\"tabs-content\">\n<div class=\"tab-content tab1 small\">\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a title=\"Click Here to receive a Free Personal Loans Quote from The MasterLoan company\" href=\"https:\/\/www.masterloan.co.uk\/\" target=\"_blank\" rel=\"noopener\">Calculate a Personal Loan<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h2 id=\"Third_Point_Header_7\">Best for No Fees<\/h2>\n<div class=\"grid product-promo\">\n<h3><strong>Quick Car Finance<\/strong><\/h3>\n<div class=\"product-info\">\n<p><a class=\"btn primary blueberry\" href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1575\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;272&#39;%20height=&#39;126&#39;%20viewBox%3D&#39;0%200%20272%20126&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/quick-car1.png\" alt=\"\" width=\"272\" height=\"126\" \/><\/a><\/p>\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a class=\"btn primary blueberry\" title=\"Click Here to receive a Free Personal Loans Quote from The Quick Car Finance Company UK\" href=\"https:\/\/www.quickcarfinance.co.uk\/\" target=\"_blank\" rel=\"noopener\">Check Your Rate<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<div class=\"product-stats\">\n<ul>\n<li><span class=\"eyebrow no-bkg\">Loan Amounts <\/span><span class=\"heading-5\">$5,000 \u2013\u00a0$100,000<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Loan Terms<\/span><span class=\"heading-5\">24 \u2013 84 months<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">APR Range<\/span><span class=\"heading-5\">8.99% \u2013 23.43%<\/span><\/li>\n<li><span class=\"eyebrow no-bkg\">Minimum<br \/>\nCredit Score<\/span><span class=\"heading-5\"><span class=\"heading-5\">680 or higher<\/span><\/span><\/li>\n<\/ul>\n<h3><strong>About Quick Car Finance<\/strong><\/h3>\n<p>As one of the leading car financing companies in the UK we are delighted to be able to offer no obligation car loans without arrangement fees. It\u2019s our mission to only offer a premium service and that\u2019s why we are well on the way to being the number one car financing company in the United Kingdom. We have over 72 different finance tiers and we are renowned for offering a high quality service. With 5* Trust Pilot customer ratings, we\u2019ve arranged car financing for thousands of happy customers \u2013 will you be our next?<\/p>\n<h3><strong>Why customers choose Quick Car Finance??<\/strong><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Best Car Finance Deals \u00a34,000 &#8211; \u00a325,000+<\/li>\n<li>Used By 500,000+ People Last Year<\/li>\n<li>High Acceptance Rate &amp; Poor Credit Considered<\/li>\n<li>Email creatives available upon request<\/li>\n<li>100% Free &amp; No Commitment<\/li>\n<li>Super Fast &amp; Easy Application<\/li>\n<li>Over 250,000 vehicles to choose from<\/li>\n<li>Top rated 4.8 Star reviews on google (Compared to 4.1 for CarFinance 247 &amp; 4.4 for Zuto)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<div class=\"grid product-promo\">\n<div class=\"tabs-container\">\n<div class=\"tabs-content\">\n<div class=\"tab-content tab1 small\">\n<p><span class=\"cz_underline\" style=\"margin: 0px 2px; padding: 1px 0px 2px; border-bottom: 1px solid;\"><a title=\"Click Here to receive a Free Personal Loans Quote from The Quick Car Finance Company\" href=\"https:\/\/www.quickcarfinance.co.uk\/\" target=\"_blank\" rel=\"noopener\">Calculate a Personal Loan<\/a><\/span><\/p>\n<h2><\/h2>\n<h2 id=\"Third_Point_Header_8\">Advantages and Disadvantages of Personal Loans<\/h2>\n<\/div>\n<div class=\"tabs-content\">\n<div class=\"tab-content tab1 small\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"Personal Loans Guide alignnone wp-image-1542 size-full\" title=\"Personal Loans Guide\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;975&#39;%20height=&#39;369&#39;%20viewBox%3D&#39;0%200%20975%20369&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan8.webp\" alt=\"Personal Loans Guide\" width=\"975\" height=\"369\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan8.webp 975w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan8-300x114.webp 300w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan8-768x291.webp 768w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan8-600x227.webp 600w\" data-sizes=\"(max-width: 975px) 100vw, 975px\" \/><\/p>\n<p style=\"box-sizing: inherit; margin: 0px;\">If you\u2019re thinking of taking out a personal loan, here are some pros and cons to weigh up first.<\/p>\n<h2><\/h2>\n<h2 id=\"Eight_Point_Header_14\">Benefits of a Personal Loan:<\/h2>\n<ul style=\"box-sizing: inherit; margin: 0px;\">\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">You can use the money for whatever you like<\/span>\u00a0\u2013 you could pay for home improvements, a wedding or a\u00a0<a style=\"box-sizing: inherit; background-color: transparent; color: #35a02d; text-decoration-line: none; font-weight: bold;\" title=\"car\" href=\"https:\/\/www.comparethemarket.com\/loans\/content\/buying-car-with-personal-loan\/\" target=\"_blank\" rel=\"noopener\">car<\/a>, for example. You\u2019re not tied to a specific purpose, unlike with\u00a0<a style=\"box-sizing: inherit; background-color: transparent; color: #35a02d; text-decoration-line: none; font-weight: bold;\" title=\"car finance\" href=\"https:\/\/www.comparethemarket.com\/loans\/car-finance\/\" target=\"_blank\" rel=\"noopener\">car finance.<\/a><\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Flexible terms<\/span>\u00a0\u2013 you can choose how much you want to borrow and how long you\u2019d like to repay it. However, this does depend on your credit score and will affect the amount of interest you\u2019ll have to pay.<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Fixed interest rates and repayments<\/span>\u00a0\u2013 with personal loans, interest rates are usually fixed, unlike credit cards. And you\u2019ll repay a fixed amount every month, which makes it easier to budget.<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><a style=\"box-sizing: inherit; background-color: transparent; color: #35a02d; text-decoration-line: none; font-weight: bold;\" title=\"Debt consolidation\" href=\"https:\/\/www.comparethemarket.com\/loans\/debt-consolidation\/\" target=\"_blank\" rel=\"noopener\">Debt consolidation<\/a>\u00a0\u2013 consider paying off multiple debts with one loan. A single repayment plan could make your debt more manageable by combining multiple monthly payments into one. You may be able to secure a better interest rate too. But bear in mind that extending the length of your loan means you may pay more in the long run.<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Apply and receive the money quickly<\/span>\u00a0\u2013 you can often apply online and, if you\u2019re approved, the lender will usually deposit the money into your account within a few days (or even a few hours if you\u2019re already a customer).<\/li>\n<\/ul>\n<h2 id=\"Eight_Point_Header_15\">Drawbacks of a Personal loan:<\/h2>\n<p>Higher interest rate than some alternatives\u00a0\u2013 personal loans tend to have higher interest rates than loans secured against an asset. So, if you\u2019re looking for cheap loans, this might not be the best option.<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/>Some credit card providers also offer interest-free deals for an introductory period, making them a potentially cheaper option than a personal loan.<\/p>\n<ul>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Long-term commitment<\/span>\u00a0\u2013 if your income changes after taking out the loan, you might struggle to keep up with your repayments.<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Good credit score needed for the best rates<\/span>\u00a0\u2013 the interest rate advertised may not be the rate you\u2019re offered (unless it\u2019s a guaranteed rate). A poor credit score makes it difficult to qualify for the best personal loans.<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Penalties if you default<\/span>\u00a0\u2013 if you fail to make your repayments on time, this will damage your credit score. Your lender may even take legal action to settle unpaid debts.<\/li>\n<\/ul>\n<\/div>\n<h2><\/h2>\n<h2 id=\"Third_Point_Header_10\">What details do I need to get a Personal Loan Quote?<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"Personal Loans Guide alignnone wp-image-1564 size-large\" title=\"Personal Loans Guide\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;1024&#39;%20height=&#39;298&#39;%20viewBox%3D&#39;0%200%201024%20298&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22-1024x298.jpg\" alt=\"Personal Loans Guide\" width=\"1024\" height=\"298\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22-1024x298.jpg 1024w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22-300x87.jpg 300w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22-768x223.jpg 768w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22-1536x446.jpg 1536w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22-600x174.jpg 600w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan22.jpg 1600w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">When you use our\u00a0<a style=\"box-sizing: inherit; background-color: transparent; color: #35a02d; text-decoration-line: none; font-weight: bold;\" title=\"eligibility checker\" href=\"https:\/\/loans-eligibility.comparethemarket.com\/?AFFCLIE=FQ89&amp;wip=64e8a79a4260143e697a77f5#_=_\" target=\"_blank\" rel=\"noopener\">eligibility checker<\/a>, we\u2019ll show you a list of personal loans you might qualify for.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Once you\u2019ve chosen a personal loan, you\u2019ll be taken to the lender\u2019s site to apply. You\u2019ll need to have details including:<\/p>\n<ul style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">All the addresses you\u2019ve lived at for the past three years<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Your email address<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Your employer\u2019s details, including their address and phone number<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Details of your monthly income and outgoings<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Your bank or building society account details.<\/li>\n<\/ul>\n<p style=\"box-sizing: inherit; margin: 0px;\">This helps the lender assess whether you\u2019ll be able to make the loan repayments.<\/p>\n<h2><\/h2>\n<h2 id=\"Third_Point_Header_11\">What are the Alternatives to Personal Loans?<\/h2>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"Personal Loans Guide alignnone wp-image-1563\" title=\"Personal Loans Guide\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;1034&#39;%20height=&#39;722&#39;%20viewBox%3D&#39;0%200%201034%20722&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan21.png\" alt=\"Personal Loans Guide\" width=\"1034\" height=\"722\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan21.png 860w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan21-300x209.png 300w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan21-768x536.png 768w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan21-600x419.png 600w\" data-sizes=\"(max-width: 1034px) 100vw, 1034px\" \/><\/strong><\/p>\n<h2 style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\"><strong>There are five main alternatives to personal loans:<\/strong><\/h2>\n<h3>Secured loan<\/h3>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you\u2019re having trouble getting accepted for a personal loan or you\u2019re looking to borrow more than \u00a325,000, you could try applying for a\u00a0<a style=\"box-sizing: inherit; background-color: transparent; color: #198641; text-decoration-line: none; font-weight: bold;\" title=\"secured loan\" href=\"https:\/\/www.comparethemarket.com\/loans\/secured-loans\/\" target=\"_blank\" rel=\"noopener\">secured loan.<\/a>\u00a0This type of loan is also known as a homeowner loan.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">You\u2019ll need to offer an asset such as your home or car as collateral. This could be recovered by the lender if you fail to make the repayments.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Because secured loans are less risky for lenders, they tend to offer:<\/p>\n<ul style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Lower interest rates<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Longer terms<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\">Higher borrowing limits.<\/li>\n<\/ul>\n<h3>Credit cards<\/h3>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you\u2019re looking to borrow a small amount, a\u00a0<a style=\"box-sizing: inherit; background-color: transparent; color: #198641; text-decoration-line: none; font-weight: bold;\" title=\"0% interest credit card\" href=\"https:\/\/www.comparethemarket.com\/credit-cards\/purchases\/\" target=\"_top\" rel=\"noopener\">0% interest credit card<\/a>\u00a0could be a useful alternative to a personal loan.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Make sure you can afford to keep up with the minimum monthly repayments and ideally repay the full amount before your 0% period ends.<\/p>\n<h3>Overdraft facility<\/h3>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you only need to borrow a small amount of money for a very short time, consider using an interest-free\u00a0<a style=\"box-sizing: inherit; background-color: transparent; color: #198641; text-decoration-line: none; font-weight: bold;\" title=\"overdraft\" href=\"https:\/\/www.comparethemarket.com\/current-accounts\/content\/guide-to-overdrafts\/\" target=\"_blank\" rel=\"noopener\">overdraft<\/a>, if you have one. If you don\u2019t, it could be worth looking at alternative current accounts that offer this facility.<\/p>\n<h3>Peer-to-peer personal loan<\/h3>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Peer-to-peer (P2P) loans work in a similar way to standard personal loans. The difference is you borrow money from another person or group of people, instead of a bank or building society.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">You can find P2P lenders on dedicated websites. Interest rates vary and can be affected by your credit score. However, P2P lending can sometimes offer lower interest rates compared to traditional lenders.<\/p>\n<h3>Car Finance<\/h3>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\"><a style=\"box-sizing: inherit; background-color: transparent; color: #198641; text-decoration-line: none; font-weight: bold;\" title=\"Car finance\" href=\"https:\/\/www.comparethemarket.com\/loans\/car-finance\/\" target=\"_blank\" rel=\"noopener\">Car finance<\/a>\u00a0helps people buy a car that they couldn\u2019t normally pay for up front. You\u2019ll typically pay a deposit, followed by monthly repayments (with interest) over a fixed term. This could be from two years up to five years.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">There are several different types of car finance available:<\/p>\n<ul style=\"box-sizing: inherit; margin: 0px;\">\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Hire Purchase (HP)<\/span>\u00a0\u2013 your loan will be secured against the car, and you\u2019ll split its cost into monthly repayments. Once you\u2019ve made the last repayment, the car will be yours to keep.<\/li>\n<li style=\"box-sizing: inherit; margin-bottom: 0.625rem;\"><span style=\"box-sizing: inherit; font-weight: bold;\">Personal Contract Purchase (PCP)<\/span>\u00a0\u2013 this type of agreement is based on the amount of value the car will lose during the loan term (its depreciation) rather than its total value. At the end of the agreement, you can hand the car back, buy it by paying a one-off balloon payment, or use any positive equity as a deposit in a new loan.<\/li>\n<\/ul>\n<h2><\/h2>\n<h2 id=\"Eight_Point_Header_13\">FAQ about Personal Loans<\/h2>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_HowMuchDoesAPersonalLoanCost\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"HowMuchDoesAPersonalLoanCost\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_0\" aria-expanded=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\"Personal Loans Guide alignnone wp-image-1544 size-full\" title=\"Personal Loans Guide\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;1000&#39;%20height=&#39;400&#39;%20viewBox%3D&#39;0%200%201000%20400&#39;%2F%3E\" data-czlz data-src=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan11.jpg\" alt=\"Personal Loans Guide\" width=\"1000\" height=\"400\" data-srcset=\"http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan11.jpg 1000w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan11-300x120.jpg 300w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan11-768x307.jpg 768w, http:\/\/usaontheweb.com\/insurance\/wp-content\/uploads\/2023\/12\/personal-loan11-600x240.jpg 600w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/h3>\n<h3 class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"HowMuchDoesAPersonalLoanCost\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_0\" aria-expanded=\"true\">How much does a personal loan cost?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_0\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_HowMuchDoesAPersonalLoanCost\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">The cost of a personal loan depends on how much you want to borrow, the APR and how long you take to pay back the money.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Interest rates vary according to the size and length of the loan. A longer loan term may attract lower rates, but the overall cost will be higher than a short-term loan. And borrowers with poor credit scores will be charged higher interest rates.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_WhatHappensIfIMissAPersonalLoanRepayment\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"WhatHappensIfIMissAPersonalLoanRepayment\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_1\" aria-expanded=\"true\">What happens if I miss a personal loan repayment?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_1\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_WhatHappensIfIMissAPersonalLoanRepayment\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you miss a loan repayment, the lender may add extra charges and interest to your loan. Missed payments will also be noted on your credit report, which could harm your credit score and make it harder for you to borrow in the future.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you think you\u2019re going to miss a payment, contact your lender. The sooner you discuss your options, the more flexible the lender may be.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_DoINeedAGoodCreditScoreToGetAPersonalLoan\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"DoINeedAGoodCreditScoreToGetAPersonalLoan\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_2\" aria-expanded=\"true\">Do I need a good credit score to get a personal loan?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_2\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_DoINeedAGoodCreditScoreToGetAPersonalLoan\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">You may be able to get a personal loan with\u00a0bad credit, but it will affect how much you can borrow and the amount of interest you\u2019ll be charged.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">The better your credit score, the better terms you\u2019ll be offered for a personal loan because the lender will be more confident you\u2019ll be able to repay it.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_CanYouBePreApprovedForAPersonalLoan\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"CanYouBePreApprovedForAPersonalLoan\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_3\" aria-expanded=\"true\">Can you be pre-approved for a personal loan?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_3\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_CanYouBePreApprovedForAPersonalLoan\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Yes, you can be pre-approved for a personal loan. Pre-approval means your loan application will be accepted based on the information you\u2019ve provided. The interest rate, loan amount and term length will all be guaranteed, pending final checks from the lender. Put simply, it\u2019s a \u2018what you see is what you get\u2019 deal.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_HowLongWillItTakeToGetMyMoney\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"HowLongWillItTakeToGetMyMoney\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_4\" aria-expanded=\"true\">How long will it take to get my money?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_4\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_HowLongWillItTakeToGetMyMoney\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">With some lenders, you can get your money on the same day as your application if you already hold an account with them. But you can normally expect to get your money within a week.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_WhatCanIDoIfINeedToBorrowMoreThanTheyllLend\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"WhatCanIDoIfINeedToBorrowMoreThanTheyllLend\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_5\" aria-expanded=\"true\">What can I do if I need to borrow more than they\u2019ll lend?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_5\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_WhatCanIDoIfINeedToBorrowMoreThanTheyllLend\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you need to borrow more than the lender is willing to offer you, or you need more than the typical \u00a325,000 limit, consider a secured loan. You can borrow \u00a3100,000 or even more with a\u00a0secured loan, but you\u2019ll need to offer something of value as collateral, like your home.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">Think carefully before taking out this type of loan. If you miss repayments, the lender can seize the asset you put up as collateral to repay what you owe.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_WhatHappensIfICanTRepayMyLoan\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"WhatHappensIfICanTRepayMyLoan\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_6\" aria-expanded=\"true\">What happens if I can\u2019t repay my loan?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_6\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_WhatHappensIfICanTRepayMyLoan\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you\u2019re struggling to repay your loan, contact your lender as soon as possible. They may be able to support you with managing your repayments. Alternatively, contact a\u00a0debt advice service.\u00a0They\u2019ll be able to help you organise a debt repayment plan with your lender.<\/p>\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If you can\u2019t reach a compromise with your lender, you\u2019ll probably be charged penalty fees for partial, late or missed repayments.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_CanIRepayMyLoanEarly\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"CanIRepayMyLoanEarly\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_7\" aria-expanded=\"true\">Can I repay my loan early?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_7\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_CanIRepayMyLoanEarly\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">You can\u00a0pay off your personal loan early, but you might have to pay an\u00a0early repayment charge (ERC). Early repayment charges vary, but you can usually expect to pay the equivalent of one to two months\u2019 interest.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<section style=\"box-sizing: inherit; margin: 0px; float: none !important;\">\n<h3 id=\"Loans_Loans-PersonalLoans_FAQBlock_WhatWillHappenIfUKInterestRatesChange\" class=\"faq__qstn font-large i-amphtml-accordion-header\" style=\"box-sizing: inherit; font-size: 1.375rem; margin: 0px -20px; position: relative; background: #ffffff; padding: 17px 45px 17px 20px; border-width: 0px 0px 1px; border-color: #ffffff; border-image: initial; cursor: pointer; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; float: none !important; overflow: hidden !important; border-style: initial initial solid initial;\" tabindex=\"0\" role=\"button\" data-vars-cat=\"FAQBlock\" data-vars-lbl=\"WhatWillHappenIfUKInterestRatesChange\" data-action=\"onClick\" aria-controls=\"faq-accordion-56458321_AMP_content_8\" aria-expanded=\"true\">What will happen if UK interest rates change?<\/h3>\n<div id=\"faq-accordion-56458321_AMP_content_8\" class=\"faq__ans bc-white i-amphtml-accordion-content\" style=\"box-sizing: inherit; margin: 20px 0px; background-color: #ffffff; box-shadow: rgba(0, 0, 0, 0.15) 1px 1px 4px 0px; padding: 15px; float: none !important; overflow: hidden !important; position: relative !important;\" role=\"region\" aria-labelledby=\"Loans_Loans-PersonalLoans_FAQBlock_WhatWillHappenIfUKInterestRatesChange\">\n<div class=\"faq__ans-txt\" style=\"box-sizing: inherit; max-width: 700px;\">\n<p style=\"box-sizing: inherit; margin: 0px 0px 1.3em;\">If your personal loan has a fixed interest rate, it won\u2019t be affected if UK interest rates change. Your monthly repayments should remain the same, regardless of what happens to the Bank of England base rate.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<p><a href=\"https:\/\/www.theaa.com\/loans#loan-calculator\" target=\"_blank\" rel=\"noopener\">Calculate a Personal Loan<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Personal Loans Guide A personal loan is simply a way of &#8230; <\/p>\n","protected":false},"author":1,"featured_media":1535,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"class_list":["post-1532","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/pages\/1532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/comments?post=1532"}],"version-history":[{"count":34,"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/pages\/1532\/revisions"}],"predecessor-version":[{"id":1604,"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/pages\/1532\/revisions\/1604"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/media\/1535"}],"wp:attachment":[{"href":"http:\/\/usaontheweb.com\/insurance\/wp-json\/wp\/v2\/media?parent=1532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}