The recent reduction in the Bank of England Interest rates has fuelled a price war when it comes to loans, and in particular larger loans (£7.5 t0 £15k). It is now possible to get a £15k loan with an interest rate of only 3.2%.
Below I have included the current best rates available for loans.
£1,000 – £1,999
For this amount (especially if you can repay within 30 months or less), you can also get lower rates by using a low rate credit card.
Zopa 9.5% rep APR (1 year term)
Zopa 9.9% rep APR (2-5 years)
Ikano Bank 11.9% rep APR
Hitachi 12.3% rep APR (2-5 years)
Sainsbury’s Bank 12.4% rep APR (Nectar cardholders only, 1-3 years)
Sainsbury’s Bank 12.5% rep APR
£2,000 – £2,999
For this amount (especially if you can repay within 30 months or less), you can also get lower rates by using a low rate credit card.
Zopa 6.9% to 7.9% rep APR (depending on amount & term)
Hitachi 7.4% rep APR for £2,500 – £2,999 only (2-5 years)
Hitachi 12.3% rep APR for £2,000 – £2,499 only (2-5 years)
Ikano Bank 7.9% rep APR
Admiral 10.5% rep APR for £2,500 – £2,999 only
Admiral 11.5% rep APR for £2,000 – £2,499 only
Sainsbury’s Bank 12.4% rep APR (Nectar cardholders only, 1-3 years)
Sainsbury’s Bank 12.5% rep APR
£3,000 – £4,999
Zopa 4.6% to 6.9% rep APR (depending on amount & term)
Ikano Bank 5.8% rep APR
Admiral 6.8% rep APR (3-5 years)
Admiral 6.9% rep APR (1 year to 35 months)
Hitachi 6.9% rep APR (2-5 years)
Sainsbury’s 7.4% rep APR (Nectar cardholders only, 1-3 years)
Sainsbury’s 7.5% rep APR
£5,000 – £7,499
M&S Bank 3.8% rep APR (1-7 years)
Ikano Bank 3.8% rep APR
Admiral 3.8% rep APR (for loans between £7,000 and £7,499)
Admiral 3.9% rep APR (for loans between £5,000 and £6,999)
Zopa 3.9% rep APR
Hitachi 4.2% rep APR (2-5 years)
Sainsbury’s Bank 4.2% rep APR (Nectar cardholders only, 1-3 year term)
Sainsbury’s Bank 4.3% rep APR
£7,500 – £15,000
TSB 3.2% rep APR
Ikano Bank 3.2% rep APR
Sainsbury’s Bank 3.2% rep APR (Nectar cardholders only, 1-3 years)
Sainsbury’s Bank 3.3% rep APR
HSBC 3.3% rep APR (for loans between £7,000 and £15,000)
M&S Bank 3.3% rep APR (1-7 years)
Zopa 3.3% rep APR
£15,001 – £19,999
Sainsbury’s Bank 3.2% rep APR (Nectar cardholders only, 2-3 years)
Sainsbury’s Bank 3.3% rep APR (2-7 years)
Zopa 3.4% rep APR
Cahoot 3.4% rep APR
Tesco Bank 3.4% rep APR (Clubcard cardholders only, 1-7 years)
Tesco Bank 3.6% rep APR (1-7 years)
TSB 3.5% rep APR
£20,000 – £25,000
Sainsbury’s Bank 3.2% rep APR (Nectar cardholders only, 2-3 years)
Sainsbury’s Bank 3.3% rep APR (2-7 years)
Zopa 3.4% rep APR
Tesco Bank 3.4% rep APR (Clubcard cardholders only, 1-7 years)
Tesco Bank 3.6% rep APR (1-7 years)
TSB 3.9% rep APR
Hitachi 3.9% rep APR (2-5 years)
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