Comparing loans with Money Expert
Free, no obligation search
Finding a quote costs nothing at all and you're not committed to any deal you see
No impact on your credit score**
We perform a soft eligibility search that won't affect your credit report
Choose from over 30 lenders***
We'll show you loans from a range of top lenders and banks, so you know you're in safe hands
Finding the best loan for you doesn’t need to be tricky. With so many different types of loan for you to choose from, getting your head around what suits you best can be difficult.
Whether you need a personal loan to help you with household maintenance, or a loan to help you with consolidate any debts, there is a wide range of products available for you. Knowing where to start can be the hardest hurdle to pass.
At Money Expert we want to make borrowing simple, helping you to find a personal loan tailored to your needs, leaving you free to enjoy the simple things in life.
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*92% of 11,375 reviews from TrustPilot gave an “Excellent” or “Great” rating, as of January 2021. Overall rating on TrustPilot was 4.6 / 5 as of January 2021. | **Although lending partners initial eligibility checks involve a soft pull of your credit information, and there is no impact on your credit file at this stage, lending partners may subsequently conduct a hard search, prior to finalising your loan offer. This hard search would stay on your report for 12 months. | ***Correct as of August 2020
Types of loan
Depending on your circumstances, there are a range of different types of loan that might suit your needs.
What is a guarantor loan?
Guarantor loans are suitable for those that haven’t borrowed money before or have a poor credit history.
To take one out, you will require a guarantor (usually a family member or friend) who will agree to keep up with your repayments should you fail to do so.
Key features
Suitable for people who haven’t borrowed before / a poor credit history
Requires a guarantor to guarantee any payments
What is a secured loan?
Similar to a mortgage, a secured loan involves borrowing money that is secured against an asset that you own, like your home. Although interest rates tend to lower than other loans, secured loans are often considered a risky option.
It is worth knowing how secured loans and their repayments work before getting one. However, if you already have a good credit rating and are certain you will be able to keep up with repayments, a secured loan is a viable option.
Key features
Often come with lower interest rates
Can borrow larger amounts
Requires collateral to secure the loan
What is a low-interest loan?
With any loan, you ideally want to pay the lowest amount of interest possible. Low-interest loans are exactly what they say on the tin!
A better credit rating will give you access to a broader range of low-interest loans. If you have a poor credit history you may be more limited in terms of options.
Key features
Lower interest rates will reduce the overall amount you need to pay back
To access low interest rates, you usually require a good credit rating
What is a bridging loan?
Bridging loans are designed as a short term, property secured loans. Bridging loans are often used to cover a temporary shortage of credit, when a down payment is needed on a new mortgage before an existing home is sold for example.
This type of loan often come with a higher interest rate attached, you will need an exit plan in mind before accepting a bridging loan.
Key features
Short term property secured loan
Mainly used to help with property transactions
Often subject to higher interest rates
Why use Money Expert to compare loans?
At Money Expert, we want to make borrowing simple.
That is why we offer loan comparison with no impact on your credit score, comparing offers from over 30 lenders.
Whatever you require a loan for, we will do our best to find the best loan suited for your circumstances.
Free and no obligation
Money Expert will always be free, and you are under no obligation to accept a quote.
Transparent Quotes
All loan terms are clearly shown with no hidden costs.
No impact on your credit score*
We use a “soft search” to match you to your credit file, leaving no impact on your credit rating.
Personalised offers
Tailored to your circumstances, Money Expert will provide you with a wide range of loans to choose from from within 2 minutes.
Safe and secure process
We understand how important it is for you to feel safe online; your experience with us will always be secure.
Over 30 lenders & banks**
We will match you with personalised offers from a panel of over 30 lenders
*Although lending partners initial eligibility checks involve a soft pull of your credit information, and there is no impact on your credit file at this stage, lending partners may subsequently conduct a hard search, prior to finalising your loan offer. This hard search would stay on your report for 12 months. | **Correct as of August 2020
How to compare loans
Comparing loans has never been easier. All you need to do is tell us a bit about yourself. Here’s our simple guide to applying for your loan:
Loan details
First off, tell us how much you’d like to borrow, what it’s for, and how long you need the loan for.
Personal details
We need to know about you, your address, and contact details.
Living situation
Tell us about your current living situation; i.e. do you rent, own your own home, etc.
Employment details
Your employment status, length of employment, pay frequency. so lenders understand how you generate an income.
Your finances
Including details of your monthly income, and your current outgoings
The final tick
Make sure you have checked the details you have offered us and then tick the box. Easy!
Who are Money Expert?
Money Expert is a full service, 100% independent price comparison website. We have helped over 1 million customers save on utilities, broadband, and loans since we launched in 2003.
We aren’t owned by an insurance or lending company, and will always seek to get you the best loan deal possible. Getting a quote is free, there are no obligations, and it won't affect your credit score!
Easy to change suppliers online. Took 10 min maximum
Cristiana
11/06/2020
Took less than 5 minutes to save £125
Bobby Collyer
23/06/2020
Was easy to find a good comparison and ended up saving over £400.
James Backhurst
26/04/2020
easy as making coffee
Gary
02/07/2020
So easy, brilliant
Veronkia Forest
20/05/2020
Money Expert CEO Jason Smith, on comparing Loans
If you decide to take out a loan, the many different options across the market can make it hard to know where to start. There are loans to suit all purposes, but research is key to ensure affordability in the long-term, and to ensure you don’t borrow more than you can comfortably afford. Our online guides are a good source of information to gain a better understanding of what the right loan for you may look like.
Loans guides
We endeavour to keep our users fully informed when it comes to taking out a loan. Please read through our handy guides to find the information you need.
Frequently asked questions
Will searching for a loan affect my credit score?
Searching for a loan with Money Expert will not affect your credit score. We will only ever use a “soft search” to check and match you to your credit report. This shows us how well you are likely to pay back your loan to us, without conducting a full examination of your credit history.
Unlike “hard searches,” only you will be able to see that a search has been done on your credit report. Other companies cannot see that a search has been done, so no impact is made on your credit score or any other future applications you may make.
Should you accept or apply for a loan, a “hard” search will be carried out. Here are a few of the differences between the credit checks:
“Soft” credit checks:
- When you search your own credit report
- An identity check is made from a company searching for your credit report
- You compare credit or a loan online via a reputable credit lender or broker
“Hard” credit checks:
- You apply to a utility company, i.e. water, electricity, gas
- You apply for a mobile phone contract
- You apply for a loan, mortgage or credit card
In short, just searching for a loan will not do any damage to your credit score.
How much can I borrow?
Each personal loan is tailored to your circumstances. The exact amount you can borrow will be determined by your credit rating and your financial situation at the time of application.
Personal loans can be awarded up to the value of £25,000. If you need a bigger loan, you may wish to consider a secured, homeowner loan. Whatever you choose, make the right choice for you. Any amount you want to borrow needs to be affordable with your circumstances, so that you can make your repayments.
Take a look at our comprehensive loans guide for more information.
Bear in mind that when searching for a loan, something that sounds too good to be true often is. Using our free personal loans comparison service will give you the best loans available for you. With no hidden fees or surprises, you can trust our results.
How do I apply for a loan?
Borrowing money has never been easier. Filling out our quick loan comparison calculator will take you seconds. All we need to know is the amount, purpose and duration you want to have your loan for. After you’ve done that hit the red button. That’s it!
About our loan comparison service
The loan comparison service via this website is provided by MoneyExpert in association with Monevo Limited (Monevo) which is an Appointed Representative of Quint Group Limited (Quint), and is entered on the Financial Services Register under reference number: 723672. Quint is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Monevo is registered in the UK with its registered office at Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS.
Monevo is a broker, not a lender and it matches a customer's loan application with lenders and brokers from our panel depending on the information provided.
Last reviewed: 1 January 2021
Next review: 1 February 2021