Co op Loan

Compare Co Op loans

If you are looking for a personal loan for whatever reason, you may be wondering if a Co Op loan is right for you. There are many different loan deals on the market; you can use the comparison tables below to look at what different lenders are offering:

ProviderLoan AmountCredit HistoryRates FromTerm 
£2,500 to £15,000Good Credit Only3.2%

APR
Representative

(£7,500-£15,000)

2 years to 5 yearsGet Quotes >
  • 10 minute online quote, instant decision
  • Money can be with you within 48 hours
  • No arrangement, over payment or early repayment fees
  • Must be aged 21 or over
  • UK Resident with a UK bank account

Representative Example:  The Representative APR is 3.2%, so if you borrow £7,500 over 3 years at a rate of 3.03% p.a. (fixed) plus an arrangement fee of £30, you will repay £218.94 for 36 months and £7,881.84 in total.

£100 to £35,000Good Credit Only9.9%

APR
Representative

1 to 7 YearsGet Quotes >
  • Quick online application - quote won’t affect your credit score
  • Funds in 3 days
  • Early repayment at any time
  • No hidden fees
  • Must be aged 21 or over
  • Minimum income of £15,000

Representative Example: Borrow £7,000 over 5 years at a Representative APR of 10.9% APR (fixed) paying £150.08 per month will result in a total sum of £9,004.90 over the loan term.

£1,000 to £25,000All Credit Histories Considered14.9%

APR
Representative

1 to 5 YearsGet Quotes >

Representative example: The Representative APR is 14.9% (variable).The Representative APR is If you borrow £90,000 over 4 years at a representative 14.9% APR and an annual interest rate of 14.9% (fixed) you would pay £245.80 per month. Total charge for credit will be £2,798.51. Total amount repayable is £11,789.51.

£1,000 to £5,000Fair & Poor Credit59.9%

APR
Representative

1 to 3 YearsGet Quotes >
  • Know if you'll be accepted before you apply
  • Applying won't affect your credit score
  • No fees charged
  • Borrow more later, if you're eligible
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 59.9% (fixed). If you borrow £2,000 over 2 years at a rate of 59.9 p.a (fixed), you will repay £131.05 per month & £3,145.20 in total.

£1,000 to £20,000All Credit Histories Considered99.90%

APR
Representative

1 to 2 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% (fixed) - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

The Co Op Loan might be a good option because not only does it offer a competitive rate, but also promises that the money you borrow is ethically sourced.

 

With a Co op Loan you can:

 

  • Borrow from £2,000 to £25,000
  • Repayment terms from 12 to 84 months
  • No arrangement fee
  • Early repayment option
  • UK based call centres open 24/7
  • Borrow money in £50 increments

 

In order to eligible for a co-operative loan you must:

 

 

  • Have held your Co-operative Bank or Britannia account for a minimum of 1 month
  • Be a UK resident and be 18 years old or older
  • Not have any county court judgements against you
  • Not have been 3 or more payments in arrears on any credit agreement in the last 6 months

 

Co op loan calculator

When looking for a personal loan, one of the most important things is finding out how much more it is ultimately going to cost you, you can use a calculator like the Co-Operative Bank loan calculator to get a rough indication of what your repayments might be with a Co-Operative personal loan. However the actual APR you might be offered if you were to apply for the loan may be different from the one used by the loan calculator. This is because lenders will consider more than just how much you want to borrow and how long for when they actually receive your application, they will take into consideration things like your credit history and current financial circumstances, which will influence the APR they will offer you.

 

Before you apply

Loan, like most financial products can vary greatly between lenders both by interest rates and other terms and conditions. This means that the best choice of loan for one person is not necessarily so for everyone else. Why not check out the comparison tables above to see what some of your choices may be.

 

As well as shopping around you may also want to look into potential alternatives to borrowing before you make a decision. If you already have the required funds in savings it might be beneficial to use these instead. This is because the money you earn as interest from your savings may be less than the interest you would be required to pay on a loan of the same amount.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.