Many or all of the products and brands we review are from our partners who compensate us. This may influence which products we write about and the product we choose in our ‘promotions’. However it doesn’t influence our reviews or ratings. Our opinions are our own. Read more on our methodology, ratings and what our use of the word ‘Best’ means.
A personal loan, also known as an unsecured loan, allows you to borrow a sum of money over an agreed period. You will then repay this amount, plus interest, usually in monthly instalments until the debt is paid off.
To help you compare deals, lenders are required to display the total cost of a loan as a percentage, known as the annual percentage rate (APR). This tells you how much a loan will cost you over one year, taking into account the interest rate and any standard fees. You should consider this, alongside other features of a loan, to decide if a loan is right for you.
We’ve scoured the personal loans market and carried out loan customer surveys to discover which lenders offer the features considered the best. We base our star ratings on 20 of the features customers told us are most important, from payment flexibility and the ease of the application process to the customer support available.
This loans eligibility service is powered by Monevo. The data you supply is directly submitted to Monevo and is used to retrieve loan quotes from Monevo’s panel of lenders. By using their loans eligibility service you are agreeing to Monevo’s terms and conditions and privacy policy which can be found at Monevo.co.uk. Neither Monevo or Nerdwallet Ltd carry out credit repair services. Late repayment can cause you serious money problems.
Editor’s picks
Personal Loans |
Editors Pick |
Available amounts |
Available Terms |
|
---|---|---|---|---|
Tesco Bank Personal Loan |
Overall
|
£1,000 to £35,000
|
1 to 10 years
|
|
Halifax Personal Loan |
Same-day payout
|
£1,000 to £50,000
|
1 to 7 years
|
|
Zopa Personal Loan |
Customer support availability
|
£1,000 to £35,000
|
1 to 7 years
|
|
TSB Personal Loan |
Flexible payment options
|
£300 to £50,000
|
1 to 7 years
|
Important information about Editor’s Picks
The Editor’s Picks listed above are based on NerdWallet’s editorial team’s analysis of only the personal loans reviewed on our site. The team has assessed over 25 personal loan providers to evaluate which brands offer standout features that may be important to you.
The Editor’s Picks exclude any assessment of a lender’s rates or fees, and any loans available only to a lender’s existing customers.
Editor’s Picks are our own opinion and don’t constitute advice, recommendation or suitability for your financial circumstances. They are editorially independent of any relationship NerdWallet has with partners who may compensate us.
Best Personal Loan Providers
We’ve assessed more than 25 of the biggest loan providers in the UK and this is our roundup of the best of those. There are other loans available on the market not included in our roundup, and it does not include loans that are only available to existing customers. Find out how we use the term ‘best’ and our guide to star ratings.
The Representative APR is provided as additional information and not factored in the star rating methodology.
Lender | NerdWallet Star Rating | Representative APR | Representative example |
---|---|---|---|
Tesco Bank | ![]() | 6.3% | Representative APR 6.3%. Based on a loan of £7,500 over 60 months at an interest rate of 6.13% p.a. (fixed). Monthly repayments of £145.43. Total amount payable £8,725.80. Maximum APR: 34.5%. |
Halifax | ![]() | 6.3% | Representative APR 6.3%. Based on a loan of £10,000 over 48 months at an interest of 6.13% p.a. (fixed). Monthly repayments of £235.42. Total amount payable £11,300.16. Maximum APR 29.9%. |
TSB | ![]() | 6.9% | Representative APR 6.9%. Based on a loan of £10,000 over 60 months at an interest rate of 6.69% p.a. (fixed). Monthly repayments of £196.56. Total amount payable £11,793.60. Maximum APR 39.9%. |
RateSetter | ![]() | 8.9% | Representative APR 8.9%. Based on a loan of £10,000 over 60 months at an interest rate of 8.3% p.a. (fixed). Monthly repayments of £205.62. Total amount payable £12,337.20 (includes £75 fee). Maximum APR 29.9%. |
Sainsbury’s Bank | ![]() | 6.2% | Representative APR 6.2%. Based on a loan of £10,000 over 60 months at an interest of 6.2% p.a. (fixed). Monthly repayments of £193.47. Total amount payable £11,608.20. Maximum APR: 29.9%. |
Zopa | ![]() | 22.9% | Representative APR 22.9%. Based on a loan of £10,000 over 60 months at an interest of 22.9% p.a. (fixed). Monthly repayments of £269.40. Total amount payable £16,164. |
HSBC | ![]() | 6.4% | Representative APR 6.4%. Based on a loan of £10,000 over 60 months at an interest rate of 6.4% p.a. (fixed). Monthly repayments of £194.35. Total amount payable £11,661.05. Maximum APR 24.9%. |
M&S Bank | ![]() | 6.6% | Representative APR 6.6%. Based on a loan of £10,000 over 60 months at an interest of 6.6% p.a. (fixed). Monthly repayments of £195.23. Total amount payable £11,713.80. |
Santander | ![]() | 5.8% | Representative APR 5.8%. Based on a loan of £10,000 over 60 months at an interest rate of 5.8% p.a. (fixed). Monthly repayments of £191.71. Total amount payable £11,502.60. Maximum APR 26.9% |
Oakbrook | ![]() | 19.9% | Representative APR 19.9%. Based on a loan of £2,000 over 24 months at an interest of 19.9% p.a. (fixed). Monthly repayments of £100.16. Total amount payable £2,403.84. Maximum APR: 34.9%. |
Important information: Neither the review nor the star ratings considered the lender’s lending rates or representative APR, and therefore does not reflect how much they charge to borrow with them. The rates on this page have been provided as additional information. Always check and compare a lender’s rates against others on the market when considering a loan. The rate you are offered will be dependent on your personal circumstances, loan amount and term and may differ from the representative APR.
Promotion
Tesco Bank Personal Loan
-
Representative APR6.3%Non-Clubcard rate shown – Clubcard members receive preferential rate
-
Representative ExampleRepresentative APR 6.3%. Based on a loan of £7,500 over 60 months at an interest rate of 6.13% p.a. (fixed). Monthly repayments of £145.43. Total amount payable £8,725.80. Maximum APR: 34.5%.
-
Available amounts£1,000 to £35,000
-
Available Terms1 to 10 years
-
Joint LoansYes
- Must be a UK resident
- Must be aged 18 or over
Pros:
- You can defer your repayment start date and choose the date that your monthly payments are taken.
- Joint loans are available.
- You could get an instant decision when applying online.
- There are multiple ways to contact Tesco Bank for help and support.
- Tesco Clubcard holders could get preferential rates.
Cons:
- There are interest charges if you pay your loan off early.
Promotion
Halifax Personal Loan
-
Representative APR6.3%
-
Representative ExampleRepresentative APR 6.3%. Based on a loan of £10,000 over 48 months at an interest of 6.13% p.a. (fixed). Monthly repayments of £235.42. Total amount payable £11,300.16. Maximum APR 29.9%.
-
Available amounts£1,000 to £50,000
-
Available Terms1 to 7 years
-
Joint LoansYes
- Must be aged 18 or over.
- Must live in the UK (excluding the Channel Islands and the Isle of Man).
- Must be in paid employment or have a regular income.
- Must not have a history of bad credit, such as bankruptcy or CCJs.
- Must have a Halifax current account to apply for up to £50,000, if not, the maximum amount is £25,000.
Pros:
- You could get the money in your account within two hours.
- Halifax current account holders are eligible to borrow more.
Cons:
- Halifax applies interest charges to settle your loan early.
- Only Halifax customers can apply for a joint loan.
Promotion
TSB Personal Loan
-
Representative APR6.9%
-
Representative ExampleRepresentative APR 6.9%. Based on a loan of £10,000 over 60 months at an interest rate of 6.69% p.a. (fixed). Monthly repayments of £196.56. Total amount payable £11,793.60. Maximum APR 39.9%.
-
Available amounts£300 to £50,000
-
Available Terms1 to 7 years
-
Joint LoansYes
- Must be aged 18 or over.
- Must be a UK resident.
- Must have a TSB current account (for more than 3 months) to apply for loans of £300 to £50,000, if not, the amounts available are £1,000 to £25,000.
Pros:
- You can ask to change your payment date.
- TSB current account holders can apply for smaller and larger loans.
- You can get a joint loan.
Cons:
- If you’re not already a TSB customer, you may not get the money in your account until the next working day.
- TSB charges interest if you want to pay off your loan more than 90 days before its end date.
Promotion
RateSetter Personal Loan
-
Representative APR8.9%
-
Representative ExampleRepresentative APR 8.9%. Based on a loan of £10,000 over 60 months at an interest rate of 8.3% p.a. (fixed). Monthly repayments of £205.62. Total amount payable £12,337.20 (includes £75 fee). Maximum APR 29.9%.
-
Available amounts£1,000 to £35,000
-
Available Terms1 to 5 years
-
Joint LoansNo
- Must be aged 21 or over.
- Must hold a UK bank or building society account.
- Must have been a UK resident for a minimum of 3 years.
- Must have a regular source of income paid monthly, for example through wages or a pension, of over £16,000 a year.
- Must have a good credit history, with no County Court judgements, bankruptcies or debt relief orders on your credit file.
Pros:
- You can pay off your loan early without paying any fees or interest charges.
- You can choose your repayment date and change this during your loan term.
Cons:
- RateSetter charges a non-refundable loan fee (included in the APR).
- You may not receive your loan until the next working day.
- You can’t apply for a joint loan.
Promotion
Sainsbury’s Bank Personal Loan
-
Representative APR6.2%Non-Nectar members rate shown – Nectar members receive preferential rate
-
Representative ExampleRepresentative APR 6.2%. Based on a loan of £10,000 over 60 months at an interest of 6.2% p.a. (fixed). Monthly repayments of £193.47. Total amount payable £11,608.20. Maximum APR: 29.9%.
-
Available amounts£1,000 to £40,000
-
Available Terms1 to 7 years
-
Joint LoansYes
- You can borrow between £1,000 – £40,000 if you’re a Nectar member, non-Nectar members can borrow up to £25,000
- Must be at least 18 years old and less than 80 when you apply. You should also be under 83 when the loan is due to be repaid
- Must have a UK-based bank or building society account that can accept Direct Debits. If you’re applying for a joint loan, the first named applicant must be named on this bank account
- Must have a permanent UK address
- Must be in permanent paid employment or retired with a pension
- Must have a gross annual income of over £7,500
- Must not have a history of County Court Judgments or bankruptcy
Pros:
- You could get instant approval and fast turnaround on funds if you sign the loan agreement online.
- You can apply for a joint loan.
- Nectar members can borrow more and could get preferential rates.
Cons:
- You can’t choose your payment start date.
- Smaller loan amounts for non-Nectar members.
Promotion
Zopa Personal Loan
-
Representative APR22.9%
-
Representative ExampleRepresentative APR 22.9%. Based on a loan of £10,000 over 60 months at an interest of 22.9% p.a. (fixed). Monthly repayments of £269.40. Total amount payable £16,164.
-
Available amounts£1,000 to £35,000
-
Available Terms1 to 7 years
-
Joint LoansNo
- Must be aged 20 or over
- Must be a current UK resident with 1 year of address history in the UK
- Must be employed, self-employed or retired with a pension
- Must have an income of at least £12,000 per year (before tax)
Pros:
- You can access your loan quickly once your application is approved.
- Multiple channels of customer support are available, including a mobile app.
Cons:
- Early repayment charges may apply on new loans.
- Zopa doesn’t offer joint loans.
- As Zopa is an online-only bank, there is no face-to-face customer support.
Promotion
HSBC Personal Loan
-
Representative APR6.4%
-
Representative ExampleRepresentative APR 6.4%. Based on a loan of £10,000 over 60 months at an interest rate of 6.4% p.a. (fixed). Monthly repayments of £194.35. Total amount payable £11,661.05. Maximum APR 24.9%.
-
Available amounts£1,000 to £25,000
-
Available Terms1 to 8 years
-
Joint LoansYes
- Must be over 18 and a resident of the UK.
- Must have an annual income/pension before tax of £10,000 or more.
- Must have a bank or building society account with a Direct Debit facility.
Pros:
- You can apply for a joint loan.
- HSBC current account holders could get their money quicker (and Premier account holders could borrow more).
- You can change your repayment date after you’ve made your first monthly repayment.
Cons:
- HSBC applies interest charges of up to two months to pay off your loan in full.
- It could take several days to get a decision on your application and receive your loan if you’re not a HSBC customer.
Promotion
M&S Bank Personal Loans
-
Representative APR6.6%
-
Representative ExampleRepresentative APR 6.6%. Based on a loan of £10,000 over 60 months at an interest of 6.6% p.a. (fixed). Monthly repayments of £195.23. Total amount payable £11,713.80.
-
Available amounts£1,000 to £25,000
-
Available Terms1 to 7 years
-
Joint LoansNo
- Must be over 18
- Must be a UK resident
- Must have an annual income of at least £10,000
Pros:
- You can defer the repayment start date by up to three months.
- You can change the monthly repayment date (but only twice per year).
- There are multiple ways you can contact M&S Bank – by phone, email, live chat and online banking.
Cons:
- You may need to pay interest charges to pay off your loan early.
- It can take between three and five working days to get the loan in your account.
- Joint loans are not available.
Promotion
Santander Personal Loan
-
Representative APR5.8%
-
Representative ExampleRepresentative APR 5.8%. Based on a loan of £10,000 over 60 months at an interest rate of 5.8% p.a. (fixed). Monthly repayments of £191.71. Total amount payable £11,502.60. Maximum APR 26.9%
-
Available amounts£1,000 to £25,000
-
Available Terms1 to 5 years
-
Joint LoansYes
- Must be 21 or over and live in the UK permanently.
- Must have a regular yearly income of £10,500+.
- Must be able to make your repayments by Direct Debit.
- Must not have been declared bankrupt, or had a CCJ or an IVA within the last 6 years.
- To apply for loans of £20,000 and above you must have a regular yearly income of £20,000+.
Pros:
- You can apply for a joint loan.
- You can change your repayment date.
- You could get a decision on your application within minutes.
Cons:
- You can’t check your eligibility for a Santander loan without affecting your credit history
- It could take up to two working days to get the funds in your account.
- Santander applies interest charges to pay off your loan early.
Promotion
Oakbrook Personal Loans
-
Representative APR19.9%
-
Representative ExampleRepresentative APR 19.9%. Based on a loan of £2,000 over 24 months at an interest of 19.9% p.a. (fixed). Monthly repayments of £100.16. Total amount payable £2,403.84. Maximum APR: 34.9%.
-
Available amounts£1,000 to £15,000
-
Available Terms1 to 5 years
-
Joint LoansNo
- Must be aged 18 to 73
- Must be a Permanent Resident of the UK (excludes NI, Channel Islands, Isle of Man)
- Must have a UK personal bank account
Pros:
- You can choose your payment date and change it during the loan term.
- You can get the loan in your account in a couple of hours.
- There are multiple ways that you can contact Oakbrook – by phone, email, live chat, or text.
Cons:
- You need to pay interest charges to pay off your loan early.
- You can’t take out a joint loan.
- As Oakbrook is an online-only lender, there is no face-to-face customer support.
The pros and cons featured here are chosen by us based on a combination of our expert opinions from our research of the personal loans market and an exclusive survey of UK consumers conducted on behalf of NerdWallet UK in February 2023 to identify the features of personal loans that people feel are most important. They are unlikely to be the only product features and restrictions that you should consider. Pros and cons are subjective and you should align them to your personal circumstances. Information was correct at the time of publication but may have changed since.
How personal loans work
When you take out a personal loan, you receive the money as a lump sum from your chosen lender. You then need to repay this amount, plus the interest charged by the lender, usually in monthly instalments over the agreed period.
Loans of between £1,000 and £25,000 over terms of one to seven years are fairly typical, but some lenders can offer larger loans and longer repayment terms.
You can use a loan for many purposes, including to pay for a holiday, a wedding, a new car, home improvements, or an emergency expense. You can also use it for debt consolidation, although it’s important to be aware of the costs this may involve.
The interest rate you receive depends on several factors, including the amount you want to borrow and your credit score. Smaller loans often come with a higher interest rate than larger loans.
Lenders typically charge a higher rate of interest if you have a lower credit score because you’re seen as a higher risk than someone with a better credit history.
The APR tells you the cost of your loan, including interest and standard fees. Bear in mind that the personal APR you receive may be different to the advertised representative APR.
The representative APR is designed to help you see the typical cost of a loan, but you’re not guaranteed to receive this rate. Only 51% of applicants who are approved for a loan will receive the advertised representative APR (or lower), so you could be charged more or less than this.
Pros and cons of personal loans
As with any time you take out credit, there are pros and cons to getting a personal loan.
Advantages
- You can pay for goods or services up front and spread the cost over a longer period.
- You can apply for a loan and often receive the money relatively quickly.
- You may be able to borrow money at a lower interest rate than some other options.
- Interest rates and monthly repayments are normally fixed, so the amount you pay each month won’t change.
Disadvantages
- A personal loan can have a higher rate of interest than some other finance options, especially if you have a less-than-perfect credit score.
- It may not be the best option if you want to borrow only a small sum of money. (The alternatives to a personal loan section below gives you a few options to consider).
- There is a limit to how much you can borrow.
- Missed and late repayments can harm your credit score.
How much can I borrow with a personal loan?
You can typically borrow between £1,000 and £25,000 with an unsecured personal loan, but some lenders may offer larger loans. For example, you may be able to borrow up to £50,000, although these larger loans may only be available to existing customers.
Your credit score and financial situation will also determine how much you can borrow. If you have an excellent credit score and a good income, you are likely to be able to borrow more than someone with a poorer credit history and a lower income.
Even if you are eligible for a larger loan, you should only borrow the amount you need and that you can afford to repay.You can use our personal loan calculator to get a rough estimate of how much you could afford to borrow.
How to choose the best personal loan
Before applying for a personal loan, it’s worth taking time to research different lenders and compare deals.
Comparing loans from a range of lenders can improve your chances of finding the best loan for your requirements. If you apply for the first loan you see, you could end up paying a higher interest rate than you need to or taking out a loan that doesn’t offer the flexibility or support you want.
Some important points to consider when you compare loans are:
- how much you can borrow
- how long you have to repay it
- the annual percentage rate (APR)
- how quickly you could get the loan in your account
- if there are any fees
- if there any charges for early repayment
- if there is the option of borrowing more
- what forms of customer support are available
You should also check the eligibility criteria of each lender to make sure you meet their basic income and credit history requirements, for example.
It’s sensible to only borrow what you need and pay it back as quickly as possible, based on what you can comfortably afford to repay each month.
Nerdy tip: If you have a less-than-perfect credit score, there are specialist loans for bad credit that may be an option to consider. But it may be worth seeing if you can improve your credit score before applying, as this could help you get accepted for a loan and access lower rates of interest.
How to get a personal loan
With many lenders, you can apply for a personal loan online. Before submitting a formal application, you can often check your eligibility for a loan first.
Checking your eligibility involves a soft credit check, which won’t affect your score. You will also need to provide information such as your name, address, income, and employment status.
Seeing if you qualify for a loan, before formally applying can minimise the chances of applying for an unsuitable loan and getting rejected which can have a negative effect on your credit profile.
When you apply for a loan, you will need to provide the lender with details including your:
- name
- address
- date of birth
- employment status
- income
- regular expenses
You will also need to say how much you want to borrow and what you plan to use the loan for.
Lenders will use this information, as well as the results of a hard credit check, to decide on your application.
A hard credit check leaves a mark on your credit history and could affect your score. One loan application and hard credit check is unlikely to have a significant impact on your score, as long as you repay the loan on time.
However, multiple loan applications and hard credit checks within a short space of time could affect your score. This is why it’s important to only apply for a loan if you are confident you will be approved.
You can also use a loans eligibility service to do a soft search across multiple lenders to find how likely it is you’ll be offered several different loans, without affecting your credit score.
» MORE: How to get a personal loan
Alternatives to a personal loan
A personal loan isn’t the only option if you need to borrow money. Depending on your situation and your individual requirements, there are alternatives you could consider.
- Credit card: If you only need to borrow a small sum over a short period, a credit card could be worth considering. Using a 0% interest credit card means you could borrow money without paying any interest, as long as you pay off the card in full by the end of the 0% period and stick to the terms of your credit agreement.
- Secured loan: If you’re struggling to get an unsecured loan or you want to borrow a larger amount, you could consider a secured loan. These loans use your property as security, which the lender can repossess if you don’t repay the loan. This reduces the risk for the lender, but you risk losing your property if you can’t make repayments.
- Guarantor loan: This is a type of personal loan where a friend or family member agrees to act as guarantor and repay the loan if you don’t manage to. The guarantor can make it easier for someone to get accepted for a loan as the risk to the lender is reduced.
- Overdraft: If you have a current account with an arranged overdraft and only need to borrow a small amount for a short time, this could be an alternative to taking out a loan. However, make sure you don’t go over your agreed overdraft limit or you could face high interest charges.
- Car finance: If you plan to take out a loan to buy a car, you could consider taking out car finance. This is when the loan is secured against the vehicle and you make payments each month. There are several types of car finance available, including hire purchase (HP) and personal contract purchase (PCP).
- Friends and family: If someone close to you can afford to lend you money, it may be worth asking them. However, only ask someone you trust and put the terms of the loan in writing to minimise the chances of disagreement later on.
- Remortgaging: By remortgaging and borrowing more than you currently owe, you can raise the money for home improvements, for example. However, this means you would owe more on your mortgage and you should consider any early repayment charges or other fees you may need to pay.
Best personal loans methodology
NerdWallet has evaluated and reviewed more than 25 personal loan lenders.
We considered 20 data points for each loan, based on the criteria that matter most to customers, scoring them on loan features, flexibility, application process and availability of customer support, among other factors. This information was gathered from each lender’s website, company representatives and independent financial product analyst Defaqto. In addition, we regularly add new brands and our editorial team review them against the same criteria for consistency and accuracy.
Using the same data across all products and features we were able to create star ratings, presented on a scale of one to five stars, where a one-star score represents ‘poor’ and a five-star score represents ‘excellent’.
Important information: Neither the review or the star ratings considered the lender’s lending rates or representative APR, and therefore does not reflect how much they charge to borrow with them. The rates on this page have been provided as additional information. Always check and compare a lender’s rates against others on the market when considering a loan. The rate you are offered will be dependent on your personal circumstances, loan amount and term and may differ from the representative APR.
Frequently asked questions about personal loans in the UK
You can use a personal loan to pay for a variety of different purposes, including:
- a new car
- home improvements
- holidays
- weddings or other special occasions
- large purchases, such as a new household appliance
- paying off and consolidating existing debt
Before taking out a personal loan to consolidate your debts, make sure you consider the costs involved. Using a personal loan with a low interest rate to pay off debt with a higher interest rate could save you money, but make sure you consider any early repayment fees and how much you would end up paying overall. Also consider when consolidating debts borrowers often extend the term of the loan. This can mean the loan costs you more overall.
You typically can’t use a personal loan for any business purposes, share dealing, gambling, or buying property, for example.
In most cases, comparing and checking your eligibility for loans won’t affect your credit score. Providers will typically run a soft credit check during this process, which doesn’t leave a mark on your credit history. But, before submitting any application, make sure you know exactly what checks the provider will do, as a hard credit check will be recorded on your credit file.
If your credit score is good and you have a stable income, getting a personal loan can be fairly straightforward. But if your score is less than perfect and you’re struggling to get a standard loan, there are specialist bad credit lenders that may consider your application. However, they are likely to charge a higher interest rate.
Alternatively, you could consider a guarantor loan or a secured loan. They may be easier to get approved for as the lender has the extra reassurance of the guarantor or the property or asset used as security. However, if you don’t repay these loans, the guarantor would need to step in or, if you have a secured loan, the lender could repossess your property. You should evaluate the full range of products available to figure out which one best meets your requirements.
There isn’t a specific credit score that you need to get for a personal loan. Lenders will have their own requirements and will base their decision on your income and overall financial situation, not your score alone. Some lenders will require you to have a good credit score to qualify for a loan, but other lenders may accept applications from people with less-than-perfect credit scores.
The best advertised personal loan rates are usually available to those with the best credit ratings. Lenders advertise rates as a representative APR, so your actual rate could be higher than this.
The interest rate you are charged on a loan will depend on your credit score, as well as the amount you borrow. Larger loans often come with a lower rate of interest, but this shouldn’t be a reason to borrow more than you need as the total cost of borrowing could be more.
Review methodology
At NerdWallet Ltd UK we base our reviews & ‘Best Of’ pages’ on the results of surveys we undertook about what was important to people that use these products. This allows us to look at products impartially of any commercial arrangements we have, and fairly rate the products on the same set of criteria.
Best means ‘our best’, and is based only on what products we have aligned to our surveys and which forms the basis of our reviews and ratings. This means that there will be other products on the market that we have not included in our ‘best of’ pages. Best does not mean it’s best for you, nor does it mean the ‘cheapest’.
Our reviews may include provider rates. This additional information that has not been included in our star rating or evaluations but is still very important when choosing a product. Rates offered can depend on circumstances, amount and term. Always check details before proceeding with any financial product.
Product details reflect the information that was available at that time but may have changed since. We strive to give you a review on as many products as possible but it is likely there are others available that we have not reviewed. The review is our opinion, but it does not constitute advice, recommendation or suitability of your financial circumstances.
You can view our full review methodology here.
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![Thinking of a Loan? Beware of the Fee Scam that Could Cost You Hundreds of Pounds](https://www.nerdwallet.com/uk/wp-content/uploads/sites/4/2023/03/GettyImages-1200989897-435x290.jpg)
Thinking of a Loan? Beware of the Fee Scam that Could Cost You Hundreds of Pounds
With more people turning to borrowing during the cost of living crisis, it’s even more important to be vigilant against loan fee fraud and other types of scams. Find out how loan fee scams work and what you can do to beat these fraudsters.