How long does it normally take before the loan is paid out?

For Personal Loans, you will usually receive the funds within 4-5 days of applying.
 

Can I use the loan to pay off existing credit and debts?

Yes, you could pay off existing credit with a Personal Loan. If you're making payments on credit, store cards or other loans and you're looking for a fresh start, spreading your repayments over a longer period may allow you to reduce your regular outgoings.
 

How much can I borrow?

Personal Loans are available from £500 to £25,000.
 

How long do I get to pay it back?

You can repay your loan over one to ten years, depending on the amount you borrow.

However, all loans must be repaid before your 70th birthday.
 

Can I speak to someone face to face?

Yes, our lenders have many finance centres that cover the whole country. We will try to deal with your application over the telephone, but if you would prefer to speak to someone face to face just let us know. There may be some circumstances where we would ask you to go to your local branch to finalise your loan application; we will advise you if this is necessary.
 

What if I want to settle my loan early?

If you wish to settle your loan early, you should ask us for a settlement statement. This will set out how much you have to pay to settle the loan. The amount to be paid will depend on the original term of your loan and the point at which you actually settle. The method we use for calculating your settlement figure is prescribed by regulations made under the Consumer Credit Act 1974. Any rebate of interest to which you may be entitled will be deducted from the total amount you would have paid if your loan had run for its full course.