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A loan could be a good option if you want to: 

• Buy a car
• Pay off your existing credit cards, store cards, overdrafts and other personal loans
• Add value to your home for example: upgrading your kitchen or building a house extension
• Fund your wedding or a holiday you’ve been planning for ages
• Need additional  funds for any other acceptable reason

 

A loan could help you spread the cost of your purchase and give you a fixed payment plan to manage your repayments.

 

Please remember there are a few things a loan can't be used for:

• Buying or putting down a deposit on a property or land
• Household bills, rent or mortgage payments
• Car tax
• Business purposes
• Payments in arrears
• Tax avoidance arrangements 
• Court or solicitors' fees
• Gambling
• Buying shares or other investment funds

There are a few things to keep in mind when choosing a loan:
 

• The total costs of your purchase

It's a good idea to think about your expenses in advance. This will help you borrow exactly what you need.

 

For example, if you’re thinking about a home improvements project, take into account all your expenses such as materials, the cost of hiring contractors, any new furniture you might need. Costs can quickly add up and you don’t want to be in a position of taking too many loans in a short period of time. This could negatively impact your credit rating.

 

 

• The loan price changes based on the loan size

The APR will change based on how much you borrow. Use our loan calculator to compare the Representative APR for different loan amounts. 

 

• The term you can choose to repay your loan over will vary depending on how much you borrow. 
• Our loan terms vary from 2 to 8 years. If you want a home improvements loan, you can repay it over an extended period of up to 10 years. Use our loan calculator to compare different term times to see how it affects the total cost of the loan.
• If you choose to spread your loan over a longer period, your monthly repayments will be lower. But you could be paying more interest as it takes you longer to repay the loan.

• APR (annual percentage rate) is a way of presenting the interest you pay on what you're borrowing, added up with other charges.
• Fixed interest rate means the amount you pay each month will stay the same. This can help you budget for your repayments as you’ll always know how much you have to set aside.
• We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size.