All loans are subject to status. Terms and conditions apply
At Shawbrook, we believe in being transparent and fair with everyone.
As well as offering guaranteed rates, we give you the flexibility you need. We offer loans from £1,000 to £30,000 with loan terms from one to seven years.
When you apply for an instant quote with us, we'll let you know the rate you'll actually get.
And because we use a soft credit search, getting a quote won't impact your credit score. With a clear picture of your guaranteed, personalised rate, you can decide what is right for you before applying for a loan.
At Shawbrook, we look at every customer individually. That's another reason why our personal loans are different to other lenders. But we do have some basic criteria which you'll have to meet before we can consider your application. You must.
If you meet our eligibility criteria, you'll need the following information ready to apply for a quote:
If your application is successful, we’ll also ask for your bank account details.
The rate you are offered will depend on your individual circumstances.
All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount. That's why you won't find a loan calculator on our website. To find out more about this and our commitment to transparency, visit our guide on: Why Shawbrook Bank doesn't use loan calculators.
Representative Example: for comparison purposes, 14.9% APR Representative based on a loan of £10,000 repayable over 60 months with an interest rate of 14.9% p.a. (fixed). Monthly payment of £232.53 total amount repayable £13,951.80.
We offer loans from £1,000 to £30,000 with loan terms from one to seven years. The maximum APR rate you could be offered is 29.9%.
Our approach is based on good sense, honesty and clarity.
Shawbrook is proud to be a different kind of bank. Since 2011, we’ve quietly built our business by providing a select range of products for people who don’t always get the best deal from the big high-street banks.
We’re standing by to help with your application.
Call us on 0345 600 6260
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A personal loan is an amount of money borrowed from a bank or other lender that is repaid in fixed monthly instalments over an agreed period of time.
Most personal loans are ‘unsecured’ which means they are not secured against any asset such as your home. The lender you borrow from will also charge you a certain amount for lending the money to you; this is shown as an Annual Percentage Rate (APR). The APR reflects the total cost of borrowing and includes the interest rate (the amount you are charged for borrowing the money, a percentage of the total amount) and other additional fees and charges involved in taking out a loan.
More information can be found in: Shawbrook's ultimate guide to personal loans.
Personal loans can be used for many different things, for example; helping to finance a car, a wedding, or a home improvement.
You can also consolidate your existing debts into one potentially more manageable monthly payment with a personal loan.
We offer personal loans which can be used for a variety of different purposes. To find out more about our loan purposes, click the links below:
For more information on what personal loans can be used for, visit our: Ultimate guide to personal loans
Personal loans are unsecured loans, which means that they are not secured against any of your personal assets or property.
When you apply for a quote with us, we could offer you a guaranteed, personalised rate right from the start.
Find out more about personal loans by reading our ultimate guide.
Unsecured loans are loans which are not secured against any of your personal assets such as your home or car.
Unsecured loans are typically for smaller amounts. Because they are riskier for lenders, they can be more expensive than secured loans. However, at Shawbrook, we will give you a clear picture of your guaranteed rate when you apply for a quote so you can decide whether this is the right option for you before you take out a loan.
Payments on your loan are calculated by considering how much you want to borrow, how long you want to borrow it for, and how much it will cost you to borrow this money including any fees. A lender will use the annual percentage rate (APR) on this sum to give you a fixed monthly payment over the duration of your loan.
Some lenders offer an online loan calculator to help you see what your repayments could look like if you chose to borrow with that specific lender.
At Shawbrook, we believe that loan calculators don’t accurately reflect what interest rate you’ll get when you apply for a loan. When you use a loan calculator, this may not be the actual rate you receive so it doesn’t give a clear picture of the rate you’ll get and the associated repayments until you have applied.
Instead of using loan calculators, we offer you a guaranteed rate through our quote tool which provides you with a breakdown of your repayment costs based on the actual APR that you’re eligible for. And don’t worry, applying for a quote will not affect your credit score.
For more information, read our guide on: Why we don’t use loan calculators