Managed by the Norfolk Capital Group, UK Credit focuses on providing personal loans. They take pride in being more inclusive and flexible, compared to other banks. They go beyond credit scores and extend loans to customers with poor credit histories.
A UK Credit guarantor loan may be what you need for any upcoming personal expenses. Feel free to explore the UK Credit loan calculator for your ideal monthly payment.
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.
About UK Credit loans
To start, you should get to know the features of a UK Credit personal loan:
- Limit from £3,000 up to £20,000
- Term of 3 to 10 years
- Fixed APR for the life of the loan
- No-commitment loan quote
- Direct-debit repayment
- Application process within minutes
- Instant credit decision (in most cases)
- Zero upfront fees
- Access to funds within the next working day
- Zero charges for early repayments
Regarding the loan term, loans between £3,000 to £14,500 can go up to 5 years. Meanwhile, loans between £15,000 to £19,500 can go up to 7 years. It is only £20,000 loans that go up to the maximum term: 10 years.
As for a full early loan repayment, you will need to settle two months’ interest.
For other details, you may visit UK Credit’s website here.
Applying for UK Credit loans
Only applicants who meet UK Credit’s requirements can proceed with a loan application. You can apply if you:
- Are aged 21 or older at the start of the loan
- Are aged younger than 71 by the end of the loan
- Have been a UK resident of England, Scotland, or Wales in the last 2 years
- Earn at least £15,600 yearly after taxes, in income or pensions
- Own a home (either outright or through a mortgage)
- Do not have a record of bankruptcy in the last 3 years
- Have not been in an Individual Voluntary Arrangement in the past year
- Have not been subjected to a Trust Deed in the past year
- Are not part of any Debt Management Plan
Once you qualify, you’ll need to apply directly on UK Credit’s website. You’ll also need to authorize UK Credit to review your profile via Open Banking.
During the application, UK Credit may ask for information about your income and expenses. They may also ask you to provide proof of identity, address, and income.
UK Credit personal loan calculator
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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.
