Loan general FAQs

If you have any questions about loan payments have a look at the frequently asked questions below, just click the question and the answer will appear underneath.

Personal loans can be used for almost any purpose, such as a car purchase, wedding or consolidation of other credit commitments.

They cannot be used for:

  • Business or investment purposes
  • Bridging loans
  • Mortgage deposits
  • Speculative reasons

Eligibility criteria:

  • All applicants must be aged 18 to 79
  • Have a net monthly income of £700+ (sole, or joint combined if applying for a joint loan)
  • Have the right to live and work in the UK for the term of the loan. (Applications from the Channel Islands and Isle of Man are not accepted)
  • No applicant has missed 3 or more credit commitments within the last 12 months
  • No applicant is currently declared bankrupt, has a CCJ (Country Court Judgement) against their name or be subject to an IVA (Individual Voluntary Arrangement) 
  • If self-employed, applicants must be homeowners and be able to prove a minimum of 1 year's income through an accountant or SA302 form
  • For all joint applications both applicants must reside in the same address

Yes. However, both applicants must reside at the same address.

Loans are available from £1,000 to £25,000 in £50 multiples.

Loans are available between 1 and 7 years.

The representative Annual Percentage Rate (APR) is an APR at or below which an advertiser expects, at the date on which an advertisement is published, that credit would be provided to at least 51% of borrowers.

The APR you're quoted may vary from the advertised rate as the personalised quote is based on your current individual circumstances and the loan amount you borrow.

Loan application FAQs

Loan payments FAQs