Compare personal loans and choose the ideal
Personal loan for you
Compare Personal LoansSupacompare is credit broker, not a lender. You must be over 18 and a UK resident.
Supacompare is credit broker, not a lender. You must be over 18 and a UK resident.
Compare personal, unsecured loans from the UK's leading direct lenders
Personal, tailored loan offers
Compare personal loans for any purpose. We search a range of lenders, so you don't have to spend time filling in multiple forms
Decision within minutes
Check your eligibility and be presented with personal loan solutions within minutes. Once approved, you may be able to get the funds the same day
No impact to your credit score
Searching for a personal loan won't impact your credit score. We use the information in your enquiry to check your eligibility against our panel of lenders
Compare personal, unsecured loans from the UK's leading direct lenders
Personal loan options, tailored to you
With Supacompare, you can compare a wide range of personal loans offers with flexible borrowing options tailored to your requirements. Whether you need a loan for home improvements, debt consolidation, car repairs or any other purpose, our quick and secure eligibility checker means that you could be presented with personal loan options within minutes. With many lenders offering quick approvals and convenient repayment terms, you can choose the ideal loan for you
Debt consolidation loans
Personal loans can be used to consolidate multiple high-interest debts into a single loan. By combining debts such as credit card balances or other loans, you can simplify their repayments and potentially save on interest charges. Check your eligibility for a debt consolidation loan >>>
If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay
Car loans
Personal loans can be used to buy a new or used car upfront. This allows you to own the car outright without the worry of an upfront payment or restrictions on milage. Check your eligibility for a car loan >>>
Car repair loans
Personal loans can be used for unexpected car repair costs such as fixing a mechanical issue or replacing parts. They can provide a convenient solution to getting your car back on the road. Check your eligibility for a car repair loan >>>
Holiday loans
Personal loans can be used to help spread the cost of travel related expenses such as flights or accommodation. Check your eligibility for a holiday loan >>>
Home improvement loans
Personal loans can be used to fund home improvement projects, such as renovations, repairs, or remodelling. Whether it's upgrading your kitchen, adding a new bathroom, or enhancing your outdoor space, a personal loan may be able to provide the funds. Check your eligibility for a home improvement loan >>>
Major purchases
Personal loans can be used to finance significant purchases, such as buying appliances, furniture, or electronics. They can offer an alternative to using high-interest credit cards, allowing you make large purchases while spreading the cost over time. Check your eligibility for a loan >>>
Wedding loans
Personal loans can be used to help spread wedding-related costs, including venue bookings, catering, decorations, attire, and other wedding expenses. Check your eligibility for a wedding loan >>>
Unexpected expenses
Personal loans can provide quick access to funds during emergencies, such as unexpected car repairs, home repairs, or replacing essential appliances. They could offer a solution to handle unforeseen expenses that arise. Check your eligibility for a loan >>>
What is a personal loan?
A personal loan is a type of loan that allows individuals to borrow a specific amount of money from a lender to repay over a set period of time.
Personal loans are an unsecured loan, meaning that meaning that collateral, such as a property, is not required to secure the loan. Personal loans can be used for various purposes, from unexpected expenses to life events, personal loans can provide borrowers with quick access to funds for various purposes.
With a personal or unsecured loan, the amount that you can borrow typically ranges from a few hundred pounds to thousands of pounds, with repayment terms from a few months to around 7 years. The loan amount and loan term you are offered will depend on your individual circumstances, and factors such as your credit history, income, your current financial situation may be taken into account, alongside the criteria of the lender.
With Supacompare, you can check your eligibility, compare personal loans and choose the ideal unsecured loan option for you.
It's important to note that personal loans should be used responsibly, and you should consider your repayment capability before taking on any debt. Always assess the interest rates, loan terms, and fees associated with personal loans to make informed financial decisions.
Advantages of a personal loan
Flexible and unsecured
Whether you need to consolidate debt, cover unexpected expenses, finance home improvements, or pursue other financial goals, a personal loan can provide the necessary funds. Also, as they are typically unsecured, you don't have to put up collateral (such as property or assets) as security. So the risk of losing your valuable assets in case of default is removed
Quick access to funds
The application and approval process for personal loans is often quicker when compared to other loan types. Depending on the lender you may get an instant online decision, and once approved, you can usually access the funds quickly. Some lenders are able to issue the loan the same day, following approval, allowing you to address your financial needs promptly
Fixed repayment and lower interest
As personal loans generally come with fixed repayment terms, you have a predetermined repayment schedule, which may help with budgeting. Depending on your creditworthiness, they may also offer competitive interest rates, especially if you have a good credit history. By securing a lower interest rate you could save money over the loan term
Advantages of a personal loan
Disadvantages of a personal loan
Lower borrowing limits
Personal loans typically have borrowing limits, and the loan amount you can access may not cover substantial expenses or higher funding needs. As personal loans are generally used for smaller amounts of borrowing, if you require a large sum, a personal loan might not be the most suitable option
Impact on Credit Score
Taking out a personal loan creates a new credit obligation. If you don't manage your personal loan responsibly, it can contribute to debt accumulation. Failure to make timely repayments or defaulting on the loan can negatively impact your credit score and make it harder to obtain credit in the future.
Higher rates of interest
If you have a poor credit history or are seen to be in a higher risk profile, you may find that lenders offer you personal loan options with higher interest rates. This is because lenders compensate for the increased risk associated with lending to borrowers with lower creditworthiness
Disadvantages of a personal loan
Compare flexible, personal term loans from the UK's direct leading lenders and choose
The personal loan for you
Compare Personal Loans
At Supacompare.com you can compare loans with:
Loan amounts from £100 to £35,000
Terms from 1 month to 10 years
APRs from 15.4% to 1299%
The following is a representative example from one of the lenders on our panel:
Representative Example: Borrowing £11,000 over 66 months, representative 31.9% APR fixed. Monthly repayment £328.37 Annual interest rate 28.01% fixed. Interest payable £10,672.42. Total repayable £21,672.42.
NB: Credit is subject to status and eligibility. The interest rate which you are offered will depend on the lender, loan amount and loan term along with your individual circumstances.
Supacompare is an independent credit broker, not a lender. To apply you must be a UK resident and aged 18 or over. Our comparison service works with a wide range of lenders and other brokers from across the market. Other credit products may also be available to you. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.
How can I find the right personal loan for me?
Start by reviewing your financial situation, including your credit score, income, expenses and existing debt. This way you can determine the personal loan you can afford to borrow and repay comfortably.
With Supacompare you can search a range of lenders, without impacting your credit score. Enabling you to compare personal loans from the UK's leading direct lenders without spending time filling in multiple forms
Credit rating
A good credit score can increase your chance of getting better personal loan rates, so it's a good idea to check your credit report before making a personal loan application. By reviewing your credit report you will be able to spot and correct any inaccuracies that may prevent you from accessing more favourable personal loan options.
Check your credit report and score for FREE by signing up to Supascore
Compare
Supacompare is an independent credit broker and we will search our panel of personal lenders to present a range of options for you to compare. Explore the different personal loans on the market. Understand their advantages, features and risk. Compare available loan amounts, repayment terms, and interest rates associated with different personal loan lenders
Choose
After reviewing your personal loan offers, and deciding on the right option for you and your needs, it is your choice on who to proceed with
Guides and resources
Secured vs.unsecured loans
If you are searching for a loan, you will come likely come across two primary categories Read more...
The different types of loans
In today's financial landscape, loans have become an integral part of many people's lives Read more...
The importance of credit scores
If you're applying for a loan, credit card, mortgage, or even renting a property, your credit Read more...
Guides and resources
Got questions about personal loans? Your financial PA, SuPA has you covered!
A personal loan is a type of loan that allows individuals to borrow a specific amount of money from a lender. It is typically an unsecured loan, meaning it does not require collateral, and can be used for various personal purposes.
Personal loans offer flexibility in usage. You can use the funds for a range of purposes such as debt consolidation, a new car, home improvements, wedding expenses, education costs, private medical bills, or a large purchase
The loan amount you can borrow depends on factors such as your creditworthiness, income, and the lender's criteria. Loan amounts can vary, typically ranging from a few hundred pounds to tens of thousands of pounds.
The repayment period for a personal loan can vary based on the lender and loan terms. It typically ranges from 1 to 7 years. Shorter loan terms may result in higher monthly payments but can help you repay the loan faster and save on interest charges.
The interest rate on a personal loan is determined by several factors, including your credit score, income, loan amount, and the lender's assessment of your creditworthiness. Generally, borrowers with higher credit scores and lower risk profiles are offered more favourable interest rates.
The approval process for a personal loan can vary between lenders. Some lenders offer quick online approvals, so you may get the decision instantly, while others may require more time for to review and approve your application. In many cases, you can expect a decision within a few business days after submitting your application.
It may be more challenging to obtain a personal loan with bad credit, as lenders typically consider credit history during the approval process. However, some lenders specialise in providing loans to individuals with less-than-perfect credit. Keep in mind that loans for borrowers with poor credit may come with higher interest rates.
Many lenders allow early repayment of personal loans without any penalties. However, it's advisable to review the loan agreement to ensure there are no prepayment penalties or additional charges associated with early repayment.
You can start your application journey for a homeowner loan by clicking here. supacompare is an independent credit broker and we will search our panel of personal loan lenders to present a range of options for you compare. After reviewing the offers, and deciding on the right option for you and your needs, it is your choice on which lender to proceed with.
Searching for a personal loan with Supacompare won't impact your credit score. We use the information in your enquiry to check your eligibility against our panel of lenders
It's highly recommended to compare lenders before taking out a personal loan. Different lenders may offer varying interest rates, loan terms, and fees. By comparing multiple options, you can find the lender that best suits your needs and offers the most favourable loan terms for your circumstances.
