Vanquis Loan

Compare Vanquis loans

If you have been looking for a loan you may be wondering what Vanquis loans have to offer.  At the moment Vanquis are not accepting new applications for Vanquis loans, however you may be able to find a loan with an alternate lender. You could use the comparison table to below view different loans from various providers:

ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £25,000Good Credit Only3.1%

APR
Representative

(£15,001 - £25,000)

1 year to 7 yearsGet Quotes >
  • No arrangement fees or hidden charges
  • Instant online decision
  • Funds transferred within 2 working days
  • No penalty for overpayments
  • You must be aged between 21 and 70 
  • You must have been a permanent UK resident for 3 years 
  • You must have an annual income of at least £12,000 and have a UK bank or building society account
  • You need to make payments on time or you will be charged a late payment fee. Missing payments could have severe consequences on obtaining future credit
  • Post Office Personal Loans are provided by Bank of Ireland (UK). Post Office Limited is a credit broker and not a lender

Representative Example:  The Representative APR is 3.1%. Based on a loan amount of £17,500 over 60 months at an interest rate of 3.1% p.a. (fixed). Monthly repayment of £314.89. Total amount repayable £18,893.40.

£2,500 to £25,000Good Credit Only3.3%

APR
Representative

(£7,500-£25,000)

2 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 3.3%, so if you borrow £7,500 over 5 years at a rate of 3.3% p.a. (fixed), you will repay £135.61 for 36 months and £8,136.60 in total.

£1,000 to £20,000Good Credit Only3.44%

APR
Representative

(£7,500-£15,000)

1 to 5 yearsGet Quotes >
  • Fixed Interest Loan Rate
  • Instant Online Decision
  • Must be aged 21
  • No CCJs or IVA in the last 6 years
  • Permanently resident in England, Wales, Scotland or Northern Ireland

Representative Example: The Representative APR is 3.4%. Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.4% p.a. (fixed). Monthly repayment £181.41 & total repayable £10,884.60.

£1,000 to £50,000Excellent Credit3.40%

APR
Representative

(£7,500-£19,950)

1 to 5 YearsGet Quotes >
  • Get a quick quote - no impact on your credit rating
  • Available to existing NatWest current account holders only
  • Must be aged 18

Representative Example: Borrow £7,500 over 5 years at a Representative APR of 3.40% APR (fixed) paying £135.93 per month will result in a total sum of £8,155.80 over the loan term.

£1,000 to £50,000Excellent Credit3.40%

APR
Representative

(£7,500-£19,950)

1 to 5 YearsGet Quotes >
  • Get a quick quote - no impact on your credit rating
  • Available to existing Royal Bank of Scotland current account holders only
  • Must be aged 18

Representative Example: Borrow £7,500 over 5 years at a Representative APR of 3.40% APR (fixed) paying £135.93 per month will result in a total sum of £8,155.80 over the loan term.

£1,000 to £35,000All Credit Histories Considered12.9%

APR
Representative

1 year to 7 yearsGet Quotes >
  • No waiting, no surprises, and a guaranteed, personal rate
  • Soft credit search so there will be no impact on you credit score
  • Some banks advertise very attractive low rates, but when you apply you find you could end up paying much more. With a guaranteed rate, there’ll be no nasty surprises.
  • You must be aged between 21 and 75
  • You must have been a permanent UK resident for 3 years 
  • You must have an annual income of at least £15,000 and have a UK bank or building society account

Representative Example:  The Representative APR is 12.9%. Based on a loan amount of £10,000 over 60 months at an interest rate of 12.9% p.a. (fixed). Monthly repayment of £223.43. Total amount repayable £13,405.80.

£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 6 YearsGet Quotes >
  • Rebuild Your Credit
  • 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 early repayment fees
  • 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 £137.31, you will repay £157.89 per month & £4,943.25 in total.

Personal loan features

When you are looking for a personal loan you may see different features advertised, you may wish to consider what features are important to you, some features you may see advertised could include:

  • Fixed rates
  • Options to take repayment holidays
  • Options to repay the loan early or make overpayments
  • Same day payment
  • Instant decision

 

Loan calculator

As Vanquis are not currently accepting new application there is not a Vanquis loan calculator available. However many lenders that are accepting loans will offer a loan calculator so you can get an indication of what a loan with them may cost you. You normally just need to enter how much you wish to borrow and for how long you want the repayment period to be. The calculator can then give you and in idea of what a loan with them could cost based on the lender’s Representative Annual Percentage Rate for a loan of that size. However it is important to remember that a calculator can only give you an indication of what a loan may cost, this is because loans are usually subject to status. This means a lender may tailor the APR they are willing to offer a borrower following an assessment of their credit score and other financial circumstances, so the repayment total and instalments may be different from what a calculator stated.

 

Types of loan

  • Personal Loans – Also known as ‘unsecured’ loans are a type of loan that typically allows you to borrow up to £25,000 over a variable time period. Generally speaking the larger amount you wish to borrow the lower the rate of interest, however this does not mean you should take out a larger loan you cannot afford to service or repay. This type of loan does not require you to put up your home or other asset as security on it.

 

  • Homeowner loans – Are only available to property owners. Also known as ‘secured’ loans which mean lenders require the borrower to put up an asset such as their home as security against the loan. The amount a borrower can borrow with this type of loan is dependent on the value of the property used as security as well as their credit score and other financial circumstance. It’s important to carefully think about this type of loan first as failure to keep up with repayments on a homeowner loan could result in your home being repossessed.

 

Before you apply for a loan

There is a diverse range of loans available on the market from numerous different providers so it’s a good idea to shop around beforehand to try and find the best plan for your specific needs.

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.