Norwich Union Loan

Compare Norwich Union Loans

Norwich Union loans have now been rebranded as Aviva loans, personal loans from which are not currently available. There is however a range of providers offering loans; you can use the free comparison tables below to have a look at the features of some of them.

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.

£1,000 to £25,000Good Credit Only7.9%

APR
Fixed

1 year to 7 yearsGet Quotes >
  • 7.9% APR Fixed for personal loans between £1,000 and £25,000 
  • Sole or joint names
  • Choose loan length (1 to 5 year for loans £1,000 to £15,000, 1 to 7 year for loans £15,100 to £25,000)
  • Get a personalised quote online without affecting your credit score
  • Option to repay early, unlimited over payments and payment holidays
  • No fees to pay
  • Must be aged between 50 and 75 
  • Must own your home in England, Scotland or Wales
  • Must have a single or combined income of at least £12,000, which includes pensions and income from savings and investments.
  • Provided by Shawbrook Bank Limited
  • Acromas Financial Services Limited is a credit broker, not a credit lender

Representative Example: The Representative APR is 7.9%. Based on an assumed loan amount of £10,000 over 36 months at a interest rate of 7.9% pa (fixed), you will repay £311.65 per month. Total amount you repay £11,219.40.

£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 £20,000All Credit Histories Considered42.5%

APR
Representative

1 to 4 YearsGet Quotes >
  • Rebuild Your Credit
  • Interest rates start from 9.3% APR
  • Fast,online application - optimised for all desktop / mobile / tablet devices
  • Instant Online Decision using 'soft' credit searches (Won't affect your credit score)
  • Funds as soon as same day
  • No hidden fees or early repayment charges
  • Must be aged 18
  • Must be UK resident
  • Administration fee applies, not payable upfront but instead included in monthly repayments
  • Applicants must have a net monthly income of at least £1,000, be in full time or part time employment, and have no CCJ's

Representative Example: The Representative APR is 42.5% (fixed). If you borrow £3,000 over 3 years at a rate of 31.9% p.a (fixed) plus an arrangement fee of £157.90, you will repay £137.31 per month & £4,943.24 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.

When Norwich union loans or Aviva loans were available they featured

  • Loans from £7,000 to £25,000
  • Delivery of your Loan Agreement to your home or work at a time to suit you
  • Free next-day transfer of your loan to your bank account when you opt for the optional Courier Service

 

As such you may want to look for other loans with similar features. The above loan comparison tables will allow you see some of the features of various different loans at the same time.

 

Loan Calculators

 

There is not currently a Norwich Union loan calculator available, but may other providers do have loan calculators. If you are interest in taking out a loan with a specific lender, using a loan calculator can help you get an indication of how much it might end up costing you. You usually just need to enter how much you would like to borrow and how long you want the repayment term to be, the calculator will then generate an estimate of what your loan repayment amount could be using the lender’s Representative APR for a loan of that size. However you should remember that if you proceed and apply for a loan from that lender your specific APR and repayment amount may differ from their Representative one. This is because lenders can tailor the specific APR they would be willing to give someone following an assessment of their credit history and other financial circumstances such as yearly earnings and any already existing credit commitments.

 

Things to consider

 

Before you apply for a personal loan, along with doing your research and shopping around to try and get the best loan for your specific needs you may also want to look into alternatives to borrowing. For instance if you already have the required funds in your savings it may be better to use them instead, this is because the interest you earn from your savings may be less than any interest you would be charged on a loan of the same size.

 

There are other types of borrowing than personal and home owner loans such as authorised overdrafts and credit cards you might wish to use.

 

It is also important to consider if you are thinking of taking out any sort of loan to consolidate existing debt, that spreading your payments over a longer term might mean you ultimately end up paying more than you would with your existing arrangements, even if the interest rate on this new loan is less than the rates you currently have.

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.