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Personal Loans
Life's about making moments you'll remember
Make it happen with a Novuna loan
Low rate loans from
6.9 % APR
Representative on £7,500 to £25,000
Representative on £7,500 to £25,000
Low interest personal loans for life’s next step
A loan is a great way for you to get access to the money you need sooner. Make that exciting purchase, create memories, and enjoy once-in-a-lifetime moments without worrying about paying for it all upfront. Spread the cost over a series of monthly repayments instead.
You won’t find a better rate Novuna loan!
When you're looking at unsecured personal loans, it's likely one of the main things you're considering is the rate.
That's why our loans start from just 6.9% APR Representative (based on £7,500 to £25,000)... and we guarantee you won't find our rate lower than this anywhere else!
Applying directly with us also gives you access to our maximum loan amount of £35,000.
So, if you're looking for a simple and straightforward loan, combined with great award-winning service, then you've come to the right place.
Representative Example:
£{value}
{value}% APR
£{value}
£{value}
{value} months
A loan of £7,500 over 5 years: rate of interest 6.9% (fixed), 6.9% APR Representative, monthly repayment of £147.44, total repayment of £8846.40
Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Novuna Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £244.09 per month with our maximum 34.9% APR Representative when you borrow £7,500 over 5 years*.
The maximum APR you could be offered when you borrow other loan values is 36.4%*. All loans are subject to status.
*Only for applications carried out directly via the Novuna Personal Finance website
Please enter a loan amount using the plus or minus keys or by typing into the field.
To make things a little easier for you to find the right loan amount and term, please note:
- The loan amount should be between £1,000 and £35,000 only
- You can borrow between £1,000-£7499.99 over a period of 2 to 5 years only (24 months to 60 months)
- You can borrow between £7,500-£25,000.99 over a period of 2 to 7 years only (24 months to 84 months)
- You can borrow between £25,001-£35,000 over a period of 4 to 5 years only (48 months to 60 months)
You can enter a loan amount using the plus and minus keys or by typing into the field
How much are people borrowing from Novuna?
Over the last 6 months we've asked all our customers what they were borrowing money for and here's the results. So whatever it is you're dreaming of, big or small, our loans of £1,000 to £35,000 are helping thousands make their important thing happen.
![](/https/www.novunapersonalfinance.co.uk/media/jugj2kmn/homepage-average-loan-amounts.png)
What goals could you achieve with a Novuna personal loan?
Car Loans
Make it the car that’s made for your life journey. With our car loans, the money could be in your bank within two working days.
Home Improvement Loans
Low interest home renovation loans can help you to transform your property into a place to love, not just to live.
Small Loans
Our small loans are big on value. Borrow between £5,000 and £7,499 at one of the best rates on the market.
Holiday Loans
Treat yourself to the trip of a lifetime. With a holiday loan, your next getaway could be here sooner than you think.
Ready to get started?
You could borrow more and get access to our lowest rate when you apply direct. A Novuna loan is just a few clicks away…
- Use our online loan calculator to get a quote, providing you with an estimated monthly repayment figure
- Fill out our quick online application form – it’ll take less than ten minutes to fill out and you’ll get an instant decision
- If your application is accepted, read and e-sign your credit agreement
- Look out for the money arriving in your account within two working days
- Start managing your account online or via our app
As part of your personal loan application, we’ll ask you to tell us your employment details (including annual income), your bank account details and your address history from the last three years. Please have this information to hand to speed things up.
You can also open a new application by telephone if you’d prefer to speak to one of our loan experts. Just give our team a call on 0343 351 9112.
Check your eligibility
To apply for a Novuna Personal Finance loan, you must:
- Be a permanent UK resident (and have been living in the UK for at least 3 years)
- Be in permanent paid employment, self-employed or retired with a pension
- Be aged 21 or over
- Have a bank or building society account
- Have a good credit history
- Have an annual income of at least £10,000
- Not make additional applications within quick succession of each other. If you already have an existing personal loan application, but it no longer meets your requirements, you’ll need to contact our Loans team on 0343 351 9112 rather than making an additional application, as this could impact your likelihood of acceptance
Remember, we’re not a bank so you don’t have to be an existing customer or have any kind of membership to apply with us!
Get in touch with us
Your frequently asked questions
- What is a personal loan?
- How do personal loans work?
- What can a personal loan be used for?
- How do I apply for a personal loan?
- What is a good APR for a loan?
- What do I need to apply for a loan?
- Can I make loan overpayments?
- Can I increase my personal loan amount?
- What happens if you fail to repay a loan?
- What is an unsecured personal loan?
What is a personal loan?
A personal loan is a form of flexible unsecured lending. This means you don’t need to put up collateral, for example property assets, to get approved. Whether you need a loan for a car, renovating your home, planning your wedding or looking to consolidate high interest debts, a personal loan with low interest could help you achieve your goals.
How do personal loans work?
A personal loan allows you to borrow money (in our case, between £1,000 and £35,000) and pay it back in monthly instalments over a fixed term. You’ll be charged a fixed rate of interest, which will be added to your repayments. Paying back the exact same amount each month helps to manage your outgoings and ensures you’re borrowing within your budget.
Personal loans give you access to money quickly so you can achieve a variety of goals. Whether you want to buy a new car, convert your loft or go all out for the wedding of your dreams, a personal loan is a great way to spread the cost of a big purchase.
Our personal loans guide is the place to go if you want to find out more.
What can a personal loan be used for?
Because repayments are the same each month, a personal loan is a great way of funding a whole range of purchases. Some of the most common things our customers take loans for include home improvements, financing a new car, paying for a wedding, leisure activities like a holiday, or consolidating high interest debts into one more manageable payment.
How do I apply for a personal loan?
Making a personal loan application is simple and should take less than ten minutes to complete:
- Use our online loan calculator to get a quote, providing you with an estimated monthly repayment figure
- Fill out our quick and easy online application form
- If your application is accepted, read and sign your online credit agreement
- Expect the money in your account within two working days
Our online loan application is designed to be simple to use, and we’ll give you an instant lending decision. No paperwork, no hassle.
As part of your personal loan application, we’ll ask you to tell us your employment details (including annual income), your bank account details and your address history from the last three years. So please have the information to hand to speed things up.
You can also open a new application by telephone if you’d prefer to speak to one of our loan experts. Just give our team a call on 0343 351 9112.
Before hitting ‘apply now’, read over the questions you need to ask yourself before applying for a loan.
What is a good APR for a loan?
A good APR for a personal loan would be below the current average interest rate - the lower the better, however it will all depend on your credit report.
Scoring a ‘good’ rate will depend on several factors such as your credit history, current financial circumstances and the amount you want to borrow.
Here at Novuna Personal Finance, you’ll get access to our lowest rate when you apply directly with us. Giving you peace of mind that you’ve come to the right place if you’re looking for a great loan combined with outstanding service.
What do I need to apply for a loan?
Every lender has their own criteria when deciding whether to approve a loan, but most will ask you for the same sort of information. For a personal loan application, you’ll need your employment details, including annual income, your bank account details and your address history from the last three years.
At Novuna Personal Finance our criteria also require borrowers to be aged 21 or over. You must have a bank or a building society account, a good credit history, be a permanent UK resident, be in permanent paid employment, self-employed or retired with a pension and have an income greater than £10,000.
Can I make loan overpayments?
If you have a change in circumstance and decide you want to make extra payments on your loan, you can do so at any time, free of charge. Loan overpayments will be used to reduce the duration of your agreement, so you’ll continue to pay your monthly Direct Debit as normal but the payments will end sooner.
The quickest and easiest way to make loan overpayments is by managing your account online. Using our online tools, you can make a one-off payment or increase your monthly payment. Alternatively, speak to our Customer Service Team on 0344 375 5500.
Can I increase my personal loan amount?
Once you’ve completed the application, you cannot change the amount of the loan. However, for a period of 14 days you do have the right to withdraw from the agreement. You must then repay in full the amount borrowed within 30 days, and your agreement will be cancelled.
If we haven’t heard from you after the 14 day period, we’ll assume you’re happy with everything and you will be bound by the terms of your loan. Once you’ve requested a cancellation, you can apply again to increase loan amount. To do so, contact our Customer Service Team on 0344 375 5500.
What happens if you fail to repay a loan?
If you’re unable to repay your loan, we’re here to help. It’s important that you contact our Collections Team on 0344 375 5488. Once we understand your current circumstances, we’ll be able to advise the most suitable option or establish a payment arrangement that is affordable for you. We may ask for information about your financial situation to ensure we put the most suitable arrangement in place.
If you’re experiencing financial difficulties, we may signpost you to a free debt charity called Step Change, who will be able to offer you confidential support.
What is an unsecured personal loan?
Unsecured loans allow you to borrow money without putting up collateral, such as your house or car. Our lending decision is entirely based on your personal circumstances, credit history and loan amount.
An unsecured loan is therefore much less risky for you as the borrower, as important assets won’t be repossessed should you fail to make your repayments. However, failing to pay back your loan will of course damage your credit score and could make it difficult for you to borrow money in the future. Read our advice to help you understand your credit report and the impact of your credit score.
Novuna Personal Finance offers unsecured personal loans rather than secured loans. This allows us to provide a smooth and simple lending process. Just decide on the amount you need to borrow (between £1,000 and £35,000) and pay it back over the agreed loan term at a fixed monthly repayment cost.
If you want to know more, read our guide on the difference between secured and unsecured loans.
Read thousands of real customer reviews
Our team has achieved an average satisfaction score of 4.9/5 stars from customers just like you. Let’s find out why…
Award-winning customer support
Of course we think the service we provide is top notch. But don’t just take our word for it. Our personal loans are consistently recognised for excellence by our customers and industry peers too
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Feefo Platinum Trusted Service
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Feefo Platinum Trusted Service
We are proud to be an official Feefo Platinum Trusted Service for 2024 - Read all reviews
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Best Personal Loan Provider YourMoney.com
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Best Personal Loan Provider
Named The Best Personal Loan Provider by YourMoney.com for the last 10 years
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Best Personal Loans Lender Personal Finance Awards
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