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your ultimate one-stop-shop for personal loans in UK

Personal loans to back all your needs. Borrow from £1,000 to £35,000

LoanTube is a credit broker not a lender. You must be 18 or over and a UK resident.

Emergencies such as medical bills or home repairs can come up unexpectedly, leaving many without enough savings to cover them. Some of us need a little help, and that’s where personal loans comparison come in. Loans for personal use could help bridge the gap between salary pay date and the emergencies, allowing you to manage the situation well.. Our goal is to help you know everything you need to know before applying for a personal loan in uk, as well as how you can get the best offers from our partners lenders.

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Tell us how much you need, for how long, and for what purpose.


We find you the loan offers you qualify for from multiple lenders.


Select the loan that best matches your circumstances, and Get Funded.

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What is a Personal Loan?

A personal loan is a type of unsecured loan offered by banks and online lenders to individuals for meeting their personal financial needs, such as paying for medical expenses, debt consolidation, home improvement, investing in education, or any other personal expenses. UK Personal loans usually come with a fixed interest rate and a fixed repayment period, and the monthly repayments are usually determined based on the credit score and income affordability of the borrower.

Why use a Personal loans?

In the UK, online personal loans can be used for a variety of purposes, such as:

Debt consolidation: To pay off high-interest credit card debts or loans.
Home improvements: To finance your home repairs or home renovation.
Medical expenses: To pay for unexpected medical bills or treatments.
Large purchases: To finance the purchase of a car, your new furniture, or for the new boiler purchase.
Holiday: To cover the expenses of yours’ and your family’s holiday trip.
Wedding: To help you purchase your wedding ring, your wedding dress to pay for that big party you want to hold for your family & friends.

The best Personal loans usually have lower interest rates than credit cards and overdrafts. They come with a fixed repayment period and flexibility to repay it earlier, making it easier to budget and repay the loan. It can also be a good option for individuals who do not have access to other forms of credit or have not so good credit history.

What are the Pros and Cons of Personal Loan?

Pros of Personal Loan:

Collateral free:

 They do not require collateral, making them accessible to a wider range of borrowers.

Fixed interest rate:

They typically come with a fixed interest rate, which makes it easier to budget and predict monthly payments.

Flexible use:

They can be used for many purposes.

Quick and easy access to funds:

They can often be obtained quickly and easily, making them a good option for emergencies or unexpected expenses.

Quick and easy access to funds:

They can often be obtained quickly and easily, making them a good option for emergencies or unexpected expenses.

Loan tenure:

You can select the period you would repay the loan amount. It usually ranges between 1 and 7 years. The longer the loan term is , the lower your monthly instalment amount would be. However, you will end up paying more due to the longer period interest.

Borrow more:

The total amount of money you can borrow through a personal loan is higher than what you can borrow on your credit card. This is especially helpful when you have a higher financial requirement.

Consolidate all your debts and save more:

With personal loans, you can consolidate your existing debts by choosing one big manageable repayment option. You can also save money if you get a loan at a lower interest rate.

Cons of Personal Loan

High interest rates:

They can come with high-interest rates, particularly for borrowers with lower credit scores. You might have to pay a higher interest rate if you take a lower amount ranging between ,£1,000 to £3,000. Competitive rates are available for debts above £5,000.

Fixed monthly payments:

They require fixed monthly payments, which may be difficult for some borrowers to manage, especially if their income is uncertain.

Long repayment period:

They typically have a longer repayment period compared to other forms of credit, which can increase the overall cost of the loan.

Fees and charges:

The loan can come with various fees and charges, including origination fees, late payment fees, and early repayment fees.

Free interest rate:

While many credit card providers offer 0% interest rates, there is no such provision with a personal loan.

Before you apply for personal loan, you should carefully weighed against their pros and cons, and a loan broker such as LoanTube can help you compare the offers from different lenders. It is also recommended to consult with a financial advisor to determine if this loan is the best option for your financial needs.

How to choose the right Personal Loan for you?

When looking for a cheap personal loan, it is important to consider the following factors to find the right loan for you:

Interest rate: Compare the interest rates of different personal loans offers and choose the one with the lowest rate.
Loan term: Consider the length of the loan term and the monthly payment amount, and choose a term that fits your budget.
Repayment options: Consider the flexibility of repayment options, such as the ability to make extra payments or repay the loan early without penalty.
Fees and charges: Look for a loan with no or low fees, such as origination fees, prepayment penalties, or late payment fees.
Loan amount: Choose a loan amount that covers your needs, but avoid borrowing more than you can afford to repay.
Lender reputation: Research the lender and look for reviews and ratings from other borrowers to ensure that the lender is reputable and trustworthy.

It is also recommended to review your credit report and credit score before applying for a loan, as this can impact the interest rate and loan terms that you are offered. Additionally, using a loan comparison platform to compare offers from multiple lenders and find the best loan for your needs is a good idea.

Educated guesses aren't good enough

You choose the terms, we do the math.
Check your affordibility with our Personal Loan calculator and make an informed financial decision.

Personal Loan calculator

What is the purpose of your loan ?
How much do you wish to borrow?
What repayment term would you like to choose ?

Representative Example

Loan Amount


Loan Term

3 Years

Total repayment


Monthly repayment





41% p.a (fixed)

*The rate you get will depend on your individual, financial circumstances. Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

What types of Personal Loans can you get?

There are two main types of personal loans: secured and unsecured:

Secured personal loans

Secured personal loans require collateral, such as a car or a home, to secure the loan. This type of loan may offer lower interest rates and more favourable loan terms, but if you default, the lender can repossess the collateral.

Unsecured personal loans

Unsecured personal loans do not require collateral and are based on the borrower’s credit history and income affordability. This type of loan may have higher interest rates and stricter loan terms. If you default, it can harm your credit profile.

In addition to these two main types, personal loans in UK can also be categorised based on their purposes, such as debt consolidation loans, Personal Car loans, home improvement loans, and personal loans for holiday or wedding purposes. Personal loans can also vary in terms of the loan amount, interest rate, repayment period, and charges, so it is important to carefully compare options to find the best loan for your needs.

What are the alternatives to Personal Loans?

There are several alternatives to personal loans, including:

Credit cards:

Credit cards can provide a source of short-term financing, especially for small purchases or unexpected expenses.

Home equity loans:

For homeowners, a home equity loan allows you to borrow against the equity in your home, typically at a lower interest rate than a personal loan.

Payday loans:

Payday loans are short-term loans designed to provide quick access to funds but typically have very high-interest rates and fees.

Borrowing from friends or family:

Borrowing from friends or family can be an option for those who need a small loan and have a good relationship with those individuals.

Government schemes:

There may be government schemes available to help with specific expenses, such as necessity purchases or tuition fees.


Building up a savings fund over time can help you avoid the need for a personal loan in the future, as you will have the funds available for emergencies or unexpected expenses.

Retirement funds:

Depending on your circumstances, it may be possible to access retirement funds, such as pension pots, to cover expenses without taking out a loan. However, withdrawing from the pension pots without expert advice can be a risky thing. You should seek advice from Pension Advisors or Financial Advisors.

Each of these alternatives has its pros and cons, and the best option will depend on your financial situation and the purpose of the loan. It is important to carefully consider all of your options and weigh the costs and benefits of each before making a decision.

How do you Apply?

Applying for a personal loan through LoanTube involves the following steps:

Fill out our online application form: You will typically need to provide information about your required loan amount, income, expenses, residential and employment status. Depending on your typing speed, the process might take less than a minute or two.
Submit the application: After you have completed the online application., LoanTube then processes it with all matching lending partners, and finds all loan offers you qualify for.
Choose a loan: Choose the loan offer that best fits your needs, and you will be redirected to the lender’s platform, where the lenders will directly run its final checks with the information you provided on loan application.
Sign the documents and get the loan: After you have signed the loan agreement which is fully online, the funds will be transferred to your bank account, usually within a few hours after that.

It is important to read and understand the loan agreement carefully and to ask any questions you may have before signing. Make sure you understand the terms and conditions of the loan, including the interest rate, repayment period, and any fees associated with the loan.

Remember that our service comes at no charge to you and that you don’t have to accept any of the quotes we provide you with if you don’t like them.

Apply for Personal loans to cover your every need

Fill up a quick application to find best loan deals for your:

Wedding Loans

Debt Consolidation Loan

Car loan


Home Improvement Loan

Why apply personal loans with LoanTube?

Customisable loan terms.
Experience hassle-free borrowing and unmatched transparency with LoanTube

Loans from £1,000 to £35,000

Same Day Funding

Single Application Form

Offers from Multiple Lenders

Convenient & Transparent

Collateral free loans

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We do not sell your data, unsolicited, with any third party firms. Find your loan with LoanTube without risking your data.

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What is a personal loan in the uk?

A personal loan in UK is a loan that a lender issues to an individual, typically for personal use.  Personal loans can be used for various purposes, including debt consolidation, home improvements, and unexpected expenses.

Who can apply for a personal loan in the UK?

To apply for a personal loan in the UK, you must be at least 18 years of age and a resident of the UK.  Additionally, you must  be in some sort of employment and have a regular source of  income.

How do I know if I am eligible for a personal loan?

If you are over 18, and have some source of regular income, you can fill up a no obligation loan application form. Using the information you have provided on the loan application form, we should be able to find the loans you qualify for, almost immediately.

How much can I borrow with a personal loan in uk?

The amount you can borrow with a personal loan will vary depending on the lender and your individual financial situation. In general, personal loans can range from £1000 to  £35000.

How do I apply for a personal loan in the UK?

To apply for a personal loan in the UK, you will need to fill up our loan application form. The application form will require you to put information about yourself and  about your income, expenses, residential  and employment status.

What is the interest rate on a personal loan in UK?

The interest rate on a personal loan will vary depending on the lender and your individual financial situation. In general, low interest rates are determined based on your credit score, income, and other financial factors. Our lenders offer APRs from 22% onwards. Our Representative APR is 49.7%.

How long does it take to get a personal loan in the UK?

The application process is very quick and usually takes less than 2 minutes. However, some of our lenders transfer the money immediately, some transfer it within a few hours, and some transfer it the very next working day. It really depends on the lender you select. We display the loan payout time of all lenders alongside their offers. 

What are the repayment terms for a personal loan in the UK?

Depending on the sort of loan you take out and the lender you select, the term of your loan may range from a year to ten years. Longer loan terms may result in lower monthly payments, but you can pay more overall due to interest charges.  

What happens if I miss a payment on my personal loan in UK?

If you don’t make your payments on time on your personal loan, you may have to pay  late fees, and your credit score may get  negatively impacted which can make it difficult for you to obtain any loan or other financial products in the future.

Can I repay my personal loan early?

Answer is Yes, you can repay your personal loan early. However, some of our lenders charge some early repayment fee, so it is important to carefully read the terms and conditions of the loan agreement before you sign it.

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I am so pleased, within a few hours my loan was approved, and I received the loan in my account that great.
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Simple application online. Good value for money.

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LoanTube helps UK firms access business finance through multiple direct lenders. We are an introducer and do not provide loans ourselves.

Think carefully before securing debts against your home or your assets. Your home and assets may be repossessed if you fail to keep up with repayments on debts secured against it.

All loan approvals & quotes are subject to credit checks and affordability requirements by lenders. If your business meet the lender’s criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.

LoanTube is a credit broker and not a lender.

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK

Representative APR Example

The rate you are offered will depend on your individual circumstances.

Representative APR Example: Amount of credit: £50,000 for 24 months at £2,339.38 per month. Total amount repayable of £57,348.69 Interest: £7,348.69 Interest rate: 14.4% pa (fixed).

14.4% APR Representative. Loan term lengths between 3 and 60 months.

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