Personal Loans

A Shawbrook personal loan is an unsecured loan.

With a Shawbrook loan, you could borrow between £1,000 - £50,000.  You can take the loan over one to seven years, depending on the amount you wish to borrow. 

The rate is fixed across the whole of the term.

Find out more about our personal loans and how to apply.

This is a loan that you can apply for online. Usually the whole transaction, including signing the agreement, takes place online.

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.

At Shawbrook, we provide loans for number of purposes including weddings, cars, home improvements or debt consolidation.

With a Shawbrook loan, you could borrow between £1,000 - £50,000.  You can take the loan over one to seven years, depending on the amount you wish to borrow. 

When you apply for a quote and you are eligible, we will offer you a guaranteed personalised rate. This is the rate you'll pay if we agree to provide you a loan.

A Shawbrook personal loan has a fixed rate of interest over the term of your loan.

At Shawbrook, we do not charge any fees for setting up a personal loan.

At Shawbrook, there are no hidden costs or arrangement fees included in any of our loans.

When you get a quote from us, it won't leave a mark on your credit score, and you'll see what your personal APR is before you apply.

Please note, an early redemption fee may be charged if you wish to repay your loan early.

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:

• Car Loans
• Wedding Loans
• Home Improvement Loans
• Debt Consolidation Loans
• Point of Sale Loans

For more information on what personal loans can be used for, visit our ultimate guide to personal loans.

You can apply for a wedding loan on our website.

No, we do not have a loan calculator at Shawbrook as we don't believe it is a fair representation of the rate you may receive. Most loan calculators are based on a loan provider’s representative APR and this may not reflect the rate you will receive once you apply for a loan.

We do offer a quotation, which means we can give you a guaranteed personalised rate before you apply, and it won't impact your credit score.

For more information, read our guide on why we don’t use loan calculators.

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.

Interest is calculated daily but applied monthly.

The 'representative APR' is the rate that most of our customers applying as a result of an advertisement are likely to receive. It's a way to compare the interest rates for different providers.

Actual rates may vary depending on personal circumstances and we'll let you know your personal loan rate during the application process.

A personal loan will not affect your current mortgage repayment but will be an additional monthly commitment to make.

Before taking a loan, you should ensure you are comfortable that you can afford the repayments for both your mortgage and the loan.

If you are planning to take a new mortgage, one of the factors a lender will consider is your existing level of debt and recency of credit taken when determining if you can afford the mortgage repayments. You may wish to seek advice from a qualified mortgage advisor.