It’s hard to review so many loans in the market so every month or so I review who’s offering what and compile a list of the best loans. I’ve broken these down into categories as the best company for a £15,000 loan usually isn’t the best one for borrowing £1,000. Please just use this as a starting point to give you a head start in your search and do your own research once you’ve chosen a lender.

Good luck!, Best, John (The Money Nerd).

Best Loans £1,000 to £1,999

This category shows what I think are the best loans for an values of £1,000 to £1,999

Company Representative APR Further Details
Ratesetter Loan 9.5% representative APR for £1,500 loan An application charge apply
Zopa Loan 9.5% representative APR for £1500 over 12 months £30 application charge
Sainsbury’s Bank Loan 14.9% representative APR for £1500 over 12 months Deal for Nectar card consumers
Nationwide Building Society Loan 15.0% representative APR £1,500 over 12 months Lower APR for existing consumers
Post Office Money Loan 16.9% representative APR £1,500 over 12 months Available to new and existing consumers

Best Loans £2,000 to £2,999

This category shows what I think are the best loans for an values of £2,000 to £2,999

Company Representative APR Further Details
Ratesetter Loan 7.3% representative APR for £2.500 loan over 12 months Application charges apply – based on credit rating
Zopa Loan 7.4% representative APR for £2500 over 1 year Borrowing charges applicable
Ikano Bank Loan 7.8% representative APR Money available within 48 hours
Nationwide Building Society Loan 13.9% representative APR for £2500 This deal is for existing consumers
Sainsbury’s Bank Loan 14.9% representative APR Optional 2 month repayment holiday

Best Loans £3,000 to £4,999

This category shows what I think are the best loans for an values of £3,000 to £4,999

Company Representative APR Further Details
Lending Works Loan 5.1% representative APR for £3k x 36 months Includes £45 application charge.
Zopa Loan 5.3% representative APR for £3k loan Need good credit score and be aged over 20. £40 application charge payable
Hitachi Personal Finance Loan 7.3% representative APR (Up to 5 year term) Instant decision. No charges for over payments
Ikano Bank Loan 7.7% representative APR for £3k x 36 months Money available within 48 hours
Post Office Money Loan 8.9% representative APR for £3k loan Deal for new and existing consumers

Best Loans £5,000 to £7,499

This category shows what I think are the best loans for an values of £5,000 to £7,499

Company Representative APR Further Details
Hitachi Personal Finance Loan 3.4% representative APR If accepted, money available in 2 days
Clydesdale Bank Loan 3.5% representative APR Available to new and existing consumers
Tesco Bank Loan 3.5 % representative APR Online applications only
John Lewis Finance Loan 3.6% representative APR Available to new and existing consumers
M&S Bank Loan 3.6% representative APR Min income £10,000 required

Best Loans £7,500 to £14,999

This category shows what I think are the best loans for an values of £7,500 to £14,999

Company Representative APR Further Details
M&S Bank Loan 2.8% representative APR for £7,500 loan Available to existing consumers only
Sainsbury’s Bank Loan 2.9% representative APR for £7,500 loan x 36 months Optional 2 month repayment holiday
John Lewis Finance Loan 2.9% representative APR £7,500 over 36 months Available to new and existing consumers
TSB Loan 2.9 % representative APR for £7,500 loan x 36 months Money available within 1 day
Cahoot Loan 3.0% representative APR for £7,500 loan Online applications only

Best Loans Over £15,000

This category shows what I think are the best loans for values of up to £15,000

Company Representative APR Further Details
M&S Bank Loan 2.8% representative APR Minimum income £10k required
Sainsbury’s Bank Loan 2.9% representative APR Allows option of 2 month repayment holiday
John Lewis Finance Loan 2.9% representative APR Available to new and existing consumers
TSB Loan 2.9% representative APR Money available within 1 day
Clydesdale Bank Bank Loan 3.o% representative APR Available to new and existing consumers

The information written on moneynerd.co.uk is supposed to give you the data only and is not supposed to give you financial advice as to which loan is best for your current situation and what you require. I try and update this page regularly, however sometimes I may be on holiday and unable to update it so I can’t guarantee it’s accuracy. Please do your own research in addition.