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What is a Bank Loan?

A bank loan is borrowed credit in which an agreed amount is provided by a lender, in this case a retail bank. Whether you are seeking a line of credit for a business, or a personal loan to renovate your home, there are a variety of different types of bank loans for different circumstances we commonly undergo in our lives.

Find the Perfect Bank Loan!
Just enter how much you would like to borrow and how long you would like to pay it back.

35 results found, sorted by affiliated products first.
John Lewis - Personal Loan
2.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£165.68

Monthly
Payment

£7,952.46

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 2.9% APR,
£0 borrowing fee and an annual interest rate of 2.9% fixed you would pay 48 monthly instalments of £165.68 . Total charge for credit will be £452.46. The total amount repayable is £7,952.46
M&S Bank - Personal Loan Ex/C
2.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£165.68

Monthly
Payment

£7,952.46

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 2.9% APR,
£0 borrowing fee and an annual interest rate of 2.9% fixed you would pay 48 monthly instalments of £165.68 . Total charge for credit will be £452.46. The total amount repayable is £7,952.46
Zopa - Personal Loan
2.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£165.68

Monthly
Payment

£7,952.46

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 2.9% APR,
£0 borrowing fee and an annual interest rate of 2.9% fixed you would pay 48 monthly instalments of £165.68 . Total charge for credit will be £452.46. The total amount repayable is £7,952.46
At Zopa you get a low-cost loan from real people in the UK like you, sidestepping the banks for a better deal. To borrow from Zopa, you have to have an excellent credit history, be aged 26 or over and earn at least £12,000 a year. No defaults or CCJs accepted. Getting a quote is free and doesn’t impact your credit file. No early repayment fees, quick turn-around (Mon-Fri).
Nationwide Building Society - Personal Loan Ex/C (Main CA Holders)
3% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.01

Monthly
Payment

£7,968.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3% APR,
£0 borrowing fee and an annual interest rate of 3% fixed you would pay 48 monthly instalments of £166.01 . Total charge for credit will be £468.36. The total amount repayable is £7,968.36
Low Rate: 3.4% APR representative for loans of £7,500 to £14,999 for up to 5 years. Available for Nationwide main current account customers. No hidden fees or charges for setting up your loan. Your credit profile is not affected when you ask for a quote. The application process takes just minutes to complete and in most cases you will receive an instant online decision. Manage your loan using our online bank or mobile app. Fixed monthly payments for the term of your loan. You can make overpayments at any time during the term of your loan without extra charge.
Santander - Personal Loan Ex/C Select
3% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.01

Monthly
Payment

£7,968.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3% APR,
£0 borrowing fee and an annual interest rate of 3% fixed you would pay 48 monthly instalments of £166.01 . Total charge for credit will be £468.36. The total amount repayable is £7,968.36
Whether your plans are big or small, our low rate Personal Loan could help you reach your goals. 4.7% APR representative when you borrow between £7,500 and £15,000.
Santander - Standard Loan (Online)
3% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.01

Monthly
Payment

£7,968.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3% APR,
£0 borrowing fee and an annual interest rate of 3% fixed you would pay 48 monthly instalments of £166.01 . Total charge for credit will be £468.36. The total amount repayable is £7,968.36
Whether your plans are big or small, our low rate Personal Loan could help you reach your goals. 3.6% APR representative when you borrow between £7,500 and £20,000.
Santander - Standard Loan Ex/C (Online)
3% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.01

Monthly
Payment

£7,968.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3% APR,
£0 borrowing fee and an annual interest rate of 3% fixed you would pay 48 monthly instalments of £166.01 . Total charge for credit will be £468.36. The total amount repayable is £7,968.36
Cahoot - Personal Loan
3.04% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.14

Monthly
Payment

£7,974.72

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.04% APR,
£0 borrowing fee and an annual interest rate of 3.04% fixed you would pay 48 monthly instalments of £166.14 . Total charge for credit will be £474.72. The total amount repayable is £7,974.72
cahoot low rate Personal Loans. Our loans are provided by Santander with support available by telephone only. 3.2% APR representative when you borrow between £7,500 and £20,000.
AA - Personal Loan Ex/C Member
3.1% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.34

Monthly
Payment

£7,984.28

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.1% APR,
£0 borrowing fee and an annual interest rate of 3.1% fixed you would pay 48 monthly instalments of £166.34 . Total charge for credit will be £484.28. The total amount repayable is £7,984.28
AA - Personal Loan
3.2% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.67

Monthly
Payment

£8,000.22

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.2% APR,
£0 borrowing fee and an annual interest rate of 3.2% fixed you would pay 48 monthly instalments of £166.67 . Total charge for credit will be £500.22. The total amount repayable is £8,000.22
A great rate of 3.9% APR representative on loans from £7,500 to £15,000.Fixed monthly repayments for the duration of the loan. Simple online application and instant decision. Spread the repayments over 1-7 years. No arrangement or set up fee. Other Loan amounts and terms available. Loan amounts range from £1,000 to £25,000, with terms available from 1-7 years.AA Loans are provided by Bank of Ireland UK. AA Financial Services Limited is a credit broker and not a lender.
Post Office Money - Personal Loan
3.2% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£166.67

Monthly
Payment

£8,000.22

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.2% APR,
£0 borrowing fee and an annual interest rate of 3.2% fixed you would pay 48 monthly instalments of £166.67 . Total charge for credit will be £500.22. The total amount repayable is £8,000.22
Hitachi Finance - Personal Loan
3.3% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.00

Monthly
Payment

£8,016.18

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.3% APR,
£0 borrowing fee and an annual interest rate of 3.3% fixed you would pay 48 monthly instalments of £167.00 . Total charge for credit will be £516.18. The total amount repayable is £8,016.18
Loans range from £2,500 to £15,000, for a term of 2 years to 5 years. 3.8% APR Representative on loans between £7,500 and £15,000. Easy online application, instant decision. Fixed monthly repayments. No arrangement fees.
HSBC - Personal Loan
3.3% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.00

Monthly
Payment

£8,016.18

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.3% APR,
£0 borrowing fee and an annual interest rate of 3.3% fixed you would pay 48 monthly instalments of £167.00 . Total charge for credit will be £516.18. The total amount repayable is £8,016.18
NatWest - Home Improvements Loan Ex/C
3.4% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.34

Monthly
Payment

£8,032.16

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.4% APR,
£0 borrowing fee and an annual interest rate of 3.4% fixed you would pay 48 monthly instalments of £167.34 . Total charge for credit will be £532.16. The total amount repayable is £8,032.16
Royal Bank of Scotland - Home Improvements Loan Ex/C
3.4% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.34

Monthly
Payment

£8,032.16

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.4% APR,
£0 borrowing fee and an annual interest rate of 3.4% fixed you would pay 48 monthly instalments of £167.34 . Total charge for credit will be £532.16. The total amount repayable is £8,032.16
Ulster Bank (NI) - Home Improvement Loan Ex/C
3.4% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.34

Monthly
Payment

£8,032.16

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.4% APR,
£0 borrowing fee and an annual interest rate of 3.4% fixed you would pay 48 monthly instalments of £167.34 . Total charge for credit will be £532.16. The total amount repayable is £8,032.16
Halifax - Personal Loan Ex/C
3.5% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.67

Monthly
Payment

£8,048.16

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.5% APR,
£0 borrowing fee and an annual interest rate of 3.5% fixed you would pay 48 monthly instalments of £167.67 . Total charge for credit will be £548.16. The total amount repayable is £8,048.16
Halifax - Personal Loan
3.5% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.67

Monthly
Payment

£8,048.16

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.5% APR,
£0 borrowing fee and an annual interest rate of 3.5% fixed you would pay 48 monthly instalments of £167.67 . Total charge for credit will be £548.16. The total amount repayable is £8,048.16
TSB - Fix & Flex Personal Loan Ex/C (Branch)
3.5% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£167.67

Monthly
Payment

£8,048.16

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.5% APR,
£0 borrowing fee and an annual interest rate of 3.5% fixed you would pay 48 monthly instalments of £167.67 . Total charge for credit will be £548.16. The total amount repayable is £8,048.16
Bank of Scotland - Personal Loan Ex/C
3.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£169.01

Monthly
Payment

£8,112.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.9% APR,
£0 borrowing fee and an annual interest rate of 3.9% fixed you would pay 48 monthly instalments of £169.01 . Total charge for credit will be £612.36. The total amount repayable is £8,112.36
Barclays - Premier Barclayloan Ex/C
3.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£169.01

Monthly
Payment

£8,112.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.9% APR,
£0 borrowing fee and an annual interest rate of 3.9% fixed you would pay 48 monthly instalments of £169.01 . Total charge for credit will be £612.36. The total amount repayable is £8,112.36
Lloyds Bank - Personal Loan Ex/C
3.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£169.01

Monthly
Payment

£8,112.36

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 3.9% APR,
£0 borrowing fee and an annual interest rate of 3.9% fixed you would pay 48 monthly instalments of £169.01 . Total charge for credit will be £612.36. The total amount repayable is £8,112.36
Nationwide Building Society - Personal Loan Ex/C (Member)
4.2% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£170.01

Monthly
Payment

£8,160.72

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 4.2% APR,
£0 borrowing fee and an annual interest rate of 4.2% fixed you would pay 48 monthly instalments of £170.01 . Total charge for credit will be £660.72. The total amount repayable is £8,160.72
Low Rate: 4.6% APR representative for loans of £7,500 to £14,999 for up to 5 years. No hidden fees or charges for setting up your loan. Your credit profile is not affected when you ask for a quote. The application process takes just minutes to complete and in most cases you will receive an instant online decision. Manage your loan using our online bank or mobile app. Fixed monthly payments for the term of your loan. You can make overpayments at any time during the term of your loan without extra charge.
Danske Bank - Personal Loan (Prestige/Choice/Freedom Cust) Ex/C
5% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£172.72

Monthly
Payment

£8,290.55

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 5% APR,
£0 borrowing fee and an annual interest rate of 5% fixed you would pay 48 monthly instalments of £172.72 . Total charge for credit will be £790.55. The total amount repayable is £8,290.55
Barclays - Barclayloan Ex/C
5.5% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£174.42

Monthly
Payment

£8,372.33

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 5.5% APR,
£0 borrowing fee and an annual interest rate of 5.5% fixed you would pay 48 monthly instalments of £174.42 . Total charge for credit will be £872.33. The total amount repayable is £8,372.33
RateSetter - Personal Loan
6.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£179.25

Monthly
Payment

£8,603.96

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 6.9% APR,
£49 borrowing fee and an annual interest rate of 6.9% fixed you would pay 48 monthly instalments of £179.25 . Total charge for credit will be £1,103.96. The total amount repayable is £8,603.96
Saga - Personal Loan
7.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£182.75

Monthly
Payment

£8,771.76

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 7.9% APR,
£0 borrowing fee and an annual interest rate of 7.9% fixed you would pay 48 monthly instalments of £182.75 . Total charge for credit will be £1,271.76. The total amount repayable is £8,771.76
Argos - Personal Loan
9.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£189.86

Monthly
Payment

£9,113.25

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 9.9% APR,
£0 borrowing fee and an annual interest rate of 9.9% fixed you would pay 48 monthly instalments of £189.86 . Total charge for credit will be £1,613.25. The total amount repayable is £9,113.25
Creation Financial Services - Creation Loan
9.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£189.86

Monthly
Payment

£9,113.25

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 9.9% APR,
£0 borrowing fee and an annual interest rate of 9.9% fixed you would pay 48 monthly instalments of £189.86 . Total charge for credit will be £1,613.25. The total amount repayable is £9,113.25
RateSetter - Personal Loan Semi-Exclusive
11.7% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£196.40

Monthly
Payment

£9,427.24

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 11.7% APR,
£30 borrowing fee and an annual interest rate of 11.7% fixed you would pay 48 monthly instalments of £196.40 . Total charge for credit will be £1,927.24. The total amount repayable is £9,427.24
besavvi - Personal Loan
16.9% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£216.02

Monthly
Payment

£10,369.20

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 16.9% APR,
£0 borrowing fee and an annual interest rate of 16.9% fixed you would pay 48 monthly instalments of £216.02 . Total charge for credit will be £2,869.20. The total amount repayable is £10,369.20
Rates from 19.9% APR representative for loans of £7,500 to £10,000. Loans for any purpose. Decision within minutes. Borrow from £2,000 to £10,000. Rates based on your personal circumstances.
1st Stop Personal Loans - Personal Loan
24.8% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£247.84

Monthly
Payment

£11,896.44

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 24.8% APR,
£0 borrowing fee and an annual interest rate of 24.8% fixed you would pay 48 monthly instalments of £247.84 . Total charge for credit will be £4,396.44. The total amount repayable is £11,896.44
1 Plus 1 Loans - Guarantor Loan
47.8% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£352.87

Monthly
Payment

£16,937.74

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 47.8% APR,
£0 borrowing fee and an annual interest rate of 47.8% fixed you would pay 48 monthly instalments of £352.87 . Total charge for credit will be £9,437.74. The total amount repayable is £16,937.74
Low loan rate: 4.6% APR Representative for loans of £7,500 to £14,999 for up to 5 years. 
Everydayloans - Selfy Loan (Self Employed Only)
77.7% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£510.76

Monthly
Payment

£24,516.63

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 77.7% APR,
£0 borrowing fee and an annual interest rate of 77.7% fixed you would pay 48 monthly instalments of £510.76 . Total charge for credit will be £17,016.63. The total amount repayable is £24,516.63
Everydayloans - Personal Loan
93.6% APR

Representative
Variable

£7500

Loan
Amount

48 Months

Repayment
Period

£601.35

Monthly
Payment

£28,864.63

Total
Repayments

Representative example: If you borrow £7,500.00 over 4 years at a Representative rate of 93.6% APR,
£0 borrowing fee and an annual interest rate of 93.6% fixed you would pay 48 monthly instalments of £601.35 . Total charge for credit will be £21,364.63. The total amount repayable is £28,864.63
Everyday Loans is a lender, not a broker. We offer any purpose unsecured loans up to £10,000 which can be paid back over terms from 13 to 60 months. Tenants and living with parents are accepted, you do not have to be a homeowner to get a loan and no guarantor is required. Our credit search will not affect your credit rating. Apply online and you will receive a decision in principle within minutes of making your application 

Compare Bank Loans

Secure Bank Loans

Getting a secured loan (otherwise known as a homeowner’s loan) might be a good option for you if you’re in need of urgent capital that won’t leave you burdened with high interest payments that are typical from other loans. The rule is, you must secure a physical asset which is valued at or above the amount of capital being borrowed from the bank, such as the equity in your home. One could argue that this type of bank loan is quite daunting as you’re putting your high valued possessions on the line. However, it gives the bank a tangible piece of security (like an insurance policy) to secure your debt, which usually allows you to borrow significantly more cash than through an unsecured loan due to added lender’s confidence. The people reading this article would be asking by now, "when should I get a secured loan"? To answer this question, it is important to understand the circumstances in which this type of bank loan is a good option Are you thinking about filing for bankruptcy? A debt consolidation loan could potentially reduce your monthly outgoings by 50% by paying off all other debts and leaving you with only one repayment. This secured bank loan could help you regain your credit score rating, instead of losing everything and starting from scratch. Another common secured bank loan is a second mortgage. The amount of capital you can borrow depends on the existing equity you own in the property so you can secure that against the debt.

Unsecured Bank Loans

Unsecured bank loans typically charge higher interest rates than secured loans. An example of an unsecured bank loan is a ‘short-term’ line of credit. If you need to borrow cash in an emergency due to an unforeseen problem such as a broken down car, then you only need to obtain a small amount of cash. As the duration of the repayment schedule lasts no longer than a few weeks/months, banks charge an average of 45-46% interest on top of the principal amount owed. A short-term bank loan could also be repaid as a ‘pay day’ loan, which means the borrower can pay the final instalment on the day of his/her monthly salary cheque.

How Much Would a Bank Loan Cost Me?

The amount of interest charged on top of the principal owed to the bank is dependent on a few variables. For a secured bank loan: (a) the loan amount, (b) duration of repayment, (c) your credit score rating, (d) and the equity (value) you own in your home all determine the monthly debt repayments. Generally speaking, the longer the repayment period the more interest charged, however this still reduces the amount you pay per month as the total amount borrowed is more spread out. On the other hand, short-term bank loan interest rates will always be much more expensive irrespective of the duration of repayment.

Making a decision

Whichever situation is relevant to you, it should be taken into account that banks are more prejudiced in their lending criteria for new and existing customers after the recession. This is especially the case if you want to borrow an unsecured bank loan of £25,000 or more because you are not giving the bank any incentive through collateral, which would otherwise be used in a secured loan option. If you have a low credit score, then it is best to go for the best option with minimal debt by borrowing as less as possible.

ME Expert Ltd is not authorised to provide advice and are introducing you to a regulated firm with whom we are not under a contractual obligation to conduct mortgage or general insurance mediation business with exclusively. You should ensure you provide any potential insurer with your full details and ensure that you are eligible to make a claim(s) in relation to the cover offered. ME Expert Ltd will receive a small payment for certain general insurance introductions which will not normally exceed £35. ME Expert Ltd does not give advice on or recommend any particular insurance product or service or whether it is suitable for your personal circumstances. The information provided is to help you to make your own choice about how to proceed.