Summary of the Best Loans Available

Summary of the Best Loans Available

The following are not student specific loans, so certain rules will apply to your application –

  1. You must be over 18
  2. You must have a regular income
  3. You can provide evidence of good financial management in the past – use of budgets etc.

Small Loans (up to £7000)

Sainsburys Personal Loan

Range: £5000 - £7000

Interest rate: 7.9%

Length: 1-7 years

Notes: Require a Nectar Card which is free

 

Tesco Loans

Range: £5000 - £7000

Interest rate: 8%*

Length: 1-10 years

* Can be as low as 7.3% (eg £7000 for 1 year). Use their repayment calculator to work out your specific rate

 

AA Small Loans

Range: £1000 - £6999

Interest rate: 8.9%

Length: 1-6 years

Notes: 3-month repayment holiday available, but interest will still be charged

 

Large Loans (over £7000)

Sainsburys Personal Loan

Range: £7000 - £15000

Interest rate: 7.9%

Length: 1-7 years

Notes: Require a Nectar Card which is free

 

Nationwide Personal Loan

Range: £7500 - £14999

Interest rate: 7.9%

Length: 1-7 years

 

AA Personal Loans

Range: £7000 - £25000

Interest rate: 8%

Length: 2-7 years

Notes: 3-month repayment holiday available, but interest will still be charged

 

Tesco Loans

Range: ££7000 - £14,999

Interest rate: 8%*

Length: 1-10 years

* Can be as low as 7.3% (eg £7000 for 1 year). Use their repayment calculator to work out your specific rate

 

 

 



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