The table below provides the details you need to know about Koyo loans.
How much are Koyo loan rates? Use the Koyo personal loan calculator below to see the possible repayment amount for your loan. Simply input your desired amount and preferred terms or use the sliders to compare different possible outcomes.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Koyo personal loans review
Koyo Loans is a direct lender offering quick access to a lump sum. They provide a fully online process and use technology to assess eligibility.
Koyo loan features
Thinking of applying for a loan from the Koyo Loans? Here are the key features and benefits to expect:
Loan amount and terms. Borrow £1,500 to £12,000, with terms from 1 to 5 years.
Fast approval. Get a decision and receive your loan in as fast as 48 hours.
Flexible repayments. You can choose a preferred repayment date, make extra payments and repay your loan early for free.
No late payment fees. Koyo Loans do not charge extra fees for late-payments
How to apply for a Koyo personal loan?
Check that you’re eligible:
To qualify, you must:
- Be aged 21 or older
- Have been living in the UK for at least 6 months
- Have a regular source of income (and not self-employed)
- Not have a bad credit history
- Hold a UK current account on a bank supported by Koyo
What you’ll need:
Besides personal and contact information like a mobile or phone number and email address, you should also prepare the following when applying:
- Valid photo IDs (e.g. passport, EU National ID card, and/or driving licence)
- Your UK current account details in your name
Note that Koyo only processes applications for borrowers with an account on banks that they currently support. They will also require you to log into your bank account. This is to give them access to your transactional data via Open Banking. But they ensure customers that they will not save or store bank logins or passwords.
Koyo Loans personal loan calculator
EST Monthly Repayment
6 months
to 60 months
EST Monthly Repayment
£8,001
to £10,000
Personal loans that consider more than your credit score
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
