A personal loan in the UK is a fast and easy way to borrow money from a bank or online lender. You can use it for any purpose like home repair, travel, medical bills, or paying off other debts.
What Is a Personal Loan?
A personal loan is money you borrow and pay back in monthly instalments.
You do not need to give anything as security (no car or house required).
Who Can Apply?
You can apply if you:
- Are 18 or older
- Live in the UK
- Have a UK bank account
- Have a stable income
- Can show proof of identity
How Much Can You Borrow?
Most UK lenders offer:
- £1,000 to £25,000
- Some lenders offer up to £50,000 (for strong credit scores)
Interest Rates
