Shawbrook Bank
Borrow £1,000–£50,000 at a representative 14.1% APR with fixed monthly repayments. Get a personalised quote in minutes with no impact on your credit score.
Shawbrook Bank offers personal loans ranging from £1,000 to £50,000, with terms stretching between one and seven years and a representative APR of 14.1%. The interest is fixed, making it easier for applicants to plan their monthly repayments. What makes Shawbrook stand out is its clear application process, which aims to provide a decision in just a few minutes and does not impact your credit score when you request a quote.
How to Apply: Step by Step
1. Check if you meet basic criteria such as age, residency, and income.
2. Enter your personal and financial details online to get an instant quote.
3. Review your personalised rate and offer details.
4. If happy, provide your bank details and sign the agreement electronically.
5. Receive the loan funds, typically within three working days after approval.
What We Like
First, Shawbrook offers a smooth and transparent application process, with all rates fixed upfront. Additionally, you can find out your eligibility and actual rate without harming your credit report. These features are great for anyone looking to compare offers in confidence.
Another highlight is the wide range of borrowing amounts and flexible repayment terms, covering various needs from home improvements to debt consolidation or significant life events.
Possíveis desvantagens
While Shawbrook’s lowest representative APR is competitive, the actual rate you are offered depends on your individual circumstances. Some borrowers could face higher rates up to 34.9% APR if their profile is less favourable.
Also, there is no online loan calculator on their website, which may be a minor inconvenience if you want to experiment with repayment scenarios before starting the quote process.
Nosso veredicto
Shawbrook Bank’s personal loans are a strong contender for those seeking flexible terms and a transparent process. Their quick decision-making and no-impact quote offer peace of mind, especially for borrowers who are keen to compare offers without commitment. Be aware of the potential for higher rates if your credit profile is not perfect, but overall, Shawbrook is well-suited to those valuing speed, clarity, and personal service.
