Asda Money Personal Loans
Borrow £1,000 – £25,000 at a representative 29.2% APR, with no impact on your credit score for eligibility checks. Quick online decision and flexible repayment terms.
Asda Money, in partnership with ClearScore, offers personal loans ranging from £1,000 to £25,000. The borrowing term can be selected from 1 up to 7 years, and the representative APR is 29.2%. Importantly, eligibility checks use a soft search, so there’s no impact on your credit score just to see available offers.
To apply, visit Asda Money Personal Loans and complete the eligibility checker. Provide the necessary personal and financial details. You’ll receive tailored loan offers in minutes. Choose the best option and proceed with your selected lender to finalise your application.
Key Advantages
Flexibility is a real strength, with loan sizes ranging from small to large, and repayment terms up to seven years. The soft search eligibility check lets you browse personalised offers without any negative effect on your credit history, making it stress-free to shop around.
Approval is quick with a straightforward online process, and you can receive your funds often within hours after lender approval. There’s also a chance to be entered into a prize draw for a £500 Asda gift card simply by checking your eligibility.
Things to Consider
The main drawback is the representative APR, which is on the higher side at 29.2%. If you have a less than perfect credit score, you may find that the rate for your offer is even more expensive. Longer repayment terms also mean you pay more interest overall.
Additionally, missed payments can damage your credit profile. Applicants with very poor credit might only see smaller loan offers or be charged higher rates, so it pays to carefully consider affordability before proceeding.
Our Verdict
Asda Money Personal Loans, powered by ClearScore, provide a user-friendly and accessible borrowing experience with flexibility on loan size and terms. The no-impact soft search and rapid approval process are definite plusses, especially for those who want comparison opportunities. However, do review the interest rates and repayment plan in detail to ensure they fit your budget before taking the next step.
