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Personal loans

Compare personal loans

  • Comparing loans won’t affect your credit score

  • Compare quotes from a wide range of trusted lenders

  • Apply today and borrow between £1,000 and £50,000

We've partnered with Monevo to offer their best deals on loans. Monevo is a credit broker not a lender.

What is a personal loan?

A personal loan, or unsecured loan, lets you borrow a one-off lump sum that you'll pay back over a set number of years.

It can help you pay for larger expenses you might not be able to afford otherwise. “Unsecured” means you won't be borrowing the cash against something valuable, like your car or home.

It's less risky as you won't have to worry about the lender taking your assets if you miss payments. But it'll probably have higher interest rates than other loans.

If your credit score isn't quite where you'd like it, our loans for bad credit or debt consolidation pages might be able to help you.

Compare personal loans

What can I use a personal loan for?

A personal loan can be used to pay for large expenses that you can't afford up front. This could mean paying for your wedding or your dream holiday.

Personal loans are also handy if you're looking to consolidate multiple debts into one manageable, monthly payment.

You may even just want to borrow some cash for making home improvements, buying a car or something else altogether.

To apply for a personal loan, we’ll need a few personal details and how much you want to borrow. We’ll also consider your credit score and history, plus a few other details.

What are the pros and cons of personal loans?

The pros of personal loans include:

  • Your credit score could improve, which is handy if your credit score isn't as high as you'd like. Keeping up with monthly repayments can help you rebuild your score. This will improve your chances of being accepted for credit in future.
  • Set the terms of your repayment, including how long you'll be paying back your loan for. When you take out a loan with us and our partner, Monevo you can pay it back in between 1 and 5 years. Successful applicants could have the money in their account within a few days.
The cons of personal loans include:

  • Missing payments can harm your credit score. you'll need to make sure you can make the repayments first.
  • A bad credit score can negatively affect your chances of being accepted by a lender. If you've previously defaulted (missed or stopped making a payment) or have a history of not making repayments on time, you may find it difficult to find a suitable personal loan.

What should I do before applying for a personal loan?

Work out your budget first and don't take out more than you can afford to pay back. You'll avoid the risk of defaulting on payments. Try our personal loans calculator to get an idea of how much you might be able to afford.

Compare personal loans rather than applying directly as the lender might put a hard credit check on your profile and your application may not be approved. Through Confused.com, you can compare prices from top lenders. Plus, check your likelihood of being pre-approved and see who can give you the best deal.

Check your credit score is where it needs to be. Lenders use your score and credit history to decide if they should lend to you. Getting a high score should be a priority. See our tips on how to improve your credit score.

Why use Confused.com and Monevo for personal loans?

We've teamed up with loan experts Monevo to offer the best possible deals on secured and unsecured loans. With Monevo's loan service, you get:

  • A free service with no obligation to apply once you've got your rate
  • Eligibility checks, which won't affect your credit score
If you want to apply for a secured loan, think carefully before securing debts against your home. If you can't pay the repayments on a mortgage or other debts secured against your home, it may be repossessed.

If you're looking to consolidate any existing borrowing, be aware that you might be extending the terms of that debt and increasing the overall amount you repay.

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Need more help

How much can I borrow?

How much you can borrow will depend on your borrowing or credit history and your personal circumstances. But, as a starting point, our partner Monevo offers personal loans anywhere between £1,000 to £50,000.

How long can I take a personal loan out for?

A secured loan will typically offer between £1,000 to £250,000. But it depends on the lender and your own personal and financial situation.

What is a secure loan?

A secured loan is where the loan is tied to an asset you own, like your house or car. Your asset acts as security to the lender if you’re unable to make payments.

This type of loan usually means you’re able to borrow more, but it comes with the risk of losing your asset if you miss payments. If you think this isn’t worth the risk then a personal loan could be exactly what you’re after.

If you're a homeowner, our loans partner, Monevo, might show you options for secured loans available through a secured loans broker.

What is APR?

APR stands for Annual Percentage Rate. This is the interest rate at which you’ll pay back the money you’ve borrowed from the lender. Take this into account when working out how much your personal loan will cost. This will give you a better idea of how much you’re expected to pay back.

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Confused.com’s loan solution is offered by Monevo Limited. Monevo Limited (Monevo) acts as a credit broker not a lender. Monevo Limited (Monevo) is an Appointed Representative of Quint Group Limited (Quint), and is entered on the Financial Services Register under reference number: 723672. Quint is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Monevo is registered in England and Wales (Company number 06511345). Registered office: Glasshouse, Alderley Park, Nether Alderley, Cheshire, SK10 4ZE. Licensed by the Information Commissioners Office, (Registration number Z1498441).