A week-long holiday in New York, USA. That new home gym setup. The fairytale wedding in Gloucestershire. When you first thought about it, you knew it was love right away. Seal the deal with a Post Office Personal Loan today!
On a limited budget? You can explore the Post Office personal loan calculator below and see what cost fits.
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.
Post Office Personal Loans Summary
Post Office Money offers personal loans that match your funding needs and payment preferences. If you’re curious, read on for the full list of features for these loans:
- Limit ranging between £1,000 to £25,000
- Term from 1 to 7 years
- APR for as low as 2.8% (it’s a steal!)
- No product fees
- Soft-search, no-commitment quote
- Repayments via direct-debit
- Instant credit decision in most cases (just like your instant noodles!)
- Access to funds within 2 working days
Other Key Information
For amounts between £1,000 to £2,999, the maximum term is 3 years. Meanwhile, it is 5 years for amounts between £3,000 to £4,999. Do make mental notes of these before applying!
If you have an existing Post Office loan, you can opt to top up instead. You may combine your existing loan and new loan into one payment for easier monitoring. Or, you may get a new loan separately and maintain two loans. Terms for top-up loans may differ to those mentioned above.
Note also that the Post Office does not provide loans themselves; Bank of Ireland UK does. The Post Office is only a credit broker and not a lender.
If you need any further details, you may refer to Post Office’s website here.
About Applying for the Loan
It is always a good idea to check first if you fit the loan requirements. In general, Post Office will process your loan application if you:
- Have lived in the UK in the last 3 years
- Earn at least annual income or pensions of £12,000
- Are at least 21 years old and will not turn 70 when the loan ends
- Have never been bankrupt
- Own a bank or building society account in the UK for direct debits
- Do not expect any major changes in your income that may affect your payments
You need to get a soft-search quote first through Post Office’s Fast Checker Tool. Be ready to answer with personal information like your present address and sources of income.
When you apply, Post Office will run a full credit check on you.
Post Office personal loan calculator
EST Monthly Repayment
12 months
to 84 months
EST Monthly Repayment
£15,000
to £25,000
Post Office Personal Loans are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender.
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.
