Personal loans

An easy-to-use personal loan you can apply for online in minutes
We've welcomed award-winning lender, RateSetter, into the Union Investment Bank family to bring our customers a personal loan that’s easy to apply for and simple to manage.

RateSetter's instant quote means that you can find out your personalised rate there and then – this won’t touch your credit score. Once you’ve applied, you’ll usually know the outcome the next working day.

With flexible repayment terms and no early repayment fees, a RateSetter personal loan can help bring your plans to life.


Before you apply

To be eligible for a personal loan with RateSetter, you need to:

• be 21 or over
  
• have been a UK resident for a minimum of three years
• you have a regular source of income paid monthly, for example through wages or a pension, of over £16,000 a year
• have a good credit history, with no County Court judgements, bankruptcies or debt relief orders on your credit file
• have not missed any regular payments in the last 12 months.

Good to know

• For online personal loans we’re working exclusively with RateSetter, a trading name of Union Investment Bank
• Their personal loans are subject to status and affordability
• The rate you’re offered will be based on your circumstances and the details of your loan, and any fees will also depend on your credit profile
• Before entering into a loan agreement, make sure you read the terms and conditions carefully
• Getting an instant quote won’t affect your credit score.
  

APR stands for annual percentage rate, and gives you a more accurate idea of how much you’re being charged when you borrow money. It takes into account the interest on the loan and other charges, like arrangement fees.