Post Office Loan

Post Office Loan

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Personal Loan Deal

Great Personal Loan Rate From the Post Office

  • Rates from 3.1% APR*
  • Loans available for 1 to 7 years
  • Borrow up to £25,000
  • No arrangement fees or hidden charges
  • Fixed monthly repayments for the duration of the loan
  • Funds transferred within 2 working days
  • No penalty for over payments
  • Excellent credit history only

Post Office Personal Loan »

*Representative (fixed) for loans between £15,001 and £25,000

Selected Personal Loan Deals

Loan Type
Post Office Personal Loan
APR/APRC
3.1% APR
Representative (£15,001-£25,000)
Loan Term
1 to 7 Years
Borrow

£1,000 to £25,000
Excellent Credit Only!

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.

Loan Type
Fluent Personal Loan
APR/APRC
14.9% APR
Representative (£1,500-£25,000)
Loan Term
1 to 5 Years
Borrow

£1,000 to £35,000
All credit profiles!

Call FREE on 0800 084 8039

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.

Loan Type
UK Credit Guarantor Loan
APR/APRC
31.9% APR
Representative (£1,500-£12,500)
Loan Term
18 Months to 5 Years
Borrow
£1,500 to £12,500

Guarantor Loan

Representative Example:The Representative APR is 31.9%. Based on a loan amount of £5,000 over 48 months at an interest rate of 31.9% p.a. (fixed). Monthly repayment of £192.00. Total amount repayable £9,216.

Loan Type
Everyday Loans Personal Loan
APR/APRC
93.6% APR
Representative (£1,000-£20,000)
Loan Term
2 to 5 Years
Borrow

£1,000 to £15,000
Poor credit history

Instant Online Decision

Representative Example:The Representative APR is 93.6%. Based on a loan amount of £3,000 over 24 months at an interest rate of 67.9% p.a. (fixed). Monthly repayment of £231.78. Total amount repayable £5,562.75.

Are you an existing customer of one of the banks below?

If you are an existing customer a number of banks provide preferential deals for personal loans.

Selected Existing Customer Loan Deals

Loan Type
Nationwide Personal Loan
APR/APRC
2.9% APR
Representative (£7,500-£25,000)
Loan Term
1 to 5 Years
Borrow

£1,000 to £25,000
Excellent Credit Only!

Existing Nationwide Members Only

Only available to Nationwide members (main current account, mortgage or savings account holders)

Representative Example: The Representative APR is 3.0%. Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 2.9% p.a. (fixed). Monthly repayment £179.07. Total amount payable £10,744.20.

Loan Type
AA Personal Loan
APR/APRC
3.0% APR
Representative (£15,001-£25,000)
Loan Term
1 to 7 Years
Borrow
£1,000 to £25,000

Existing AA Members Only

Representative Example:  The Representative APR is 3.0%. Based on a loan amount of £17,500 over 60 months at an interest rate of 3.0% p.a. (fixed). Monthly repayment of £314.14. Total amount repayable £18,847.80.

Loan Type
NatWest Personal Loan
APR/APRC
3.4% APR
Representative (£7,500-£19,950)
Loan Term
1 to 8 Years
Borrow
£1,000 to £50,000

Specific Eligibility Criteria Applies

To apply, you must be 18+ and a UK resident with either a NatWest current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone.

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.

Loan Type
Royal Bank of Scotland Personal Loan
APR/APRC
3.4% APR
Representative (£7,500-£19,950)
Loan Term
1 to 5 Years
Borrow
£1,000 to £50,000

Specific Eligibility Criteria Applies

To apply, you must be 18+ and a UK resident with either a Royal Bank of Scotland current account (held for 3+ months), credit card or mortgage (held for 6+ months). Credit card and mortgage customers must apply online or by phone

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.

Post Office Personal Loan Features

  • Competitive rates from 3.1% APR
  • Check eligibility without affecting your credit rating!
  • A broad choice of amounts to borrow from £1k to £25k
  • Flexibility in arranging your repayments
  • Provided by Bank of Ireland Personal Finance limited

Loan Calculator

Post Office offer an online loan calculator which provides terms on loans up to £25,000 from 1 to 7 years.

The calculator will then generate an estimate of the total you would be required to repay and a breakdown of what that would work out as per monthly instalment. However you should remember that if you decide to apply for the loan and you are accepted the lender, once they have assessed your credit history and other financial information, may decide to other you a different APR than their representative APR.

This means that the amount you would be expected to repay would be different, as would the size of your installments be.

Before you apply for a loan

When looking for a loan consider what features are important to you,  you may also want to Consider alternatives to borrowing before you apply, for example if you have any savings it might be beneficial to use these instead;  as it may be that the interest you pay on a loan will be higher than any interest you earn in your savings.

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

Also if you are thinking of taking out a loan to consolidate debt understand that spreading your payments over a longer term could mean you  ultimately pay more overall than you would with your existing arrangements, even if the interest rate on the new loan is less than the rates you have at the moment.

With any loan application a lender will look at your personal credit score. You can find out what your credit score is by accessing your credit report. For more information on this read more about how you can improve your credit score

If you have a fair or poor credit score Post Office will not offer you a loan. Please try one of our other partners if you have less than perfect credit. Fluent Loans will shop around the market for you or alternatively if you are a homeowner try Shawbrook Bank

Who Can Apply For A Post Office Loan?

To be eligible to apply for a PO loan you must;

  • Have been a UK resident for at least 3 years
  • Be over 21 and  no older than 70 when the loan term ends
  • Be employed with a salary of £12,000 or more. If self-employed you must have been so for over 2 years
  • Not have a history of County Court Judgements or bankruptcy
  • Have a UK based bank or building society account that can pay direct debits

How Long Can You Take Out A Post Office Loan For?

Many providers provide a maximum loan term of 5 years but for the Post Office you can take out a personal loan for up to 7 years.

When will I hear I have been accepted for a loan?

The Post Office can provide an instant decision, but if they are not able to do that then you will hear in writing within 5 working days.

What happens if you are accepted for a loan with Post Office?

You will recieve a offer letter in the post.

You’ll need to check all the details and sign the agreement if you wish to proceed.

You’ll also be sent a copy of  their Terms and Conditions, Pre Contractual Information (SECCI) and Important Information about your loan.

It is important that you read and understand the information contained within these documents. Please contact PO if there is anything that you do not understand.

How quickly Will Post Office Pay You The Loan?

On receipt of the signed paperwork PO  will pay the money into your bank or building society within 2 working days.

Great Personal Loan Rates From 3.1% APR

  • Instant Online Decision!
  • Check eligibility without affecting your credit rating
  • Borrow up to £25,000
  • One fixed monthly repayment
  • Excellent credit history only

Post Office Personal Loan »

Looking to borrow more than £25,000?

Most personal loans are offered up to £25,000. This is the case for the Post Office. If you need to borrow more than this then if you are a homeowner this may be possible depending on your credit history. See the table above for selected homeowner loan deals or read more about homeowner loans.

Homeowner Loan Representative Example:

The Representative APRC is 5.9%Based on an assumed loan amount of £48,000 (including broker fee of £2,505 & product fee of £495) over 240 months at an interest rate of 5% (varaible). Monthly repayment £316.78 & total repayable £76,027.20.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE