Key information

Thinking about applying for a loan with us? We want to make it as easy as possible for you.

Make sure you understand how our loans work and what you need to consider before you apply.

Important features of personal loans explained

This table summarises key product features of the different types of loans we offer and is not intended to replace any terms and conditions:

APR ranges We treat all our customers and their applications on an individual basis. The APR we offer is determined by the details you supply and the loan you are applying for, along with an independent verification of your credit and repayment history and will range from 2.8% to 24.9% APR. 
Interest charging information The interest rate is fixed and guaranteed for the life of the loan. Interest at the annual interest rate is calculated each calendar day and is added to the loan monthly.
Repayment information Payment is made by monthly Direct Debit. We charge interest between the start of your loan and your first monthly repayment.
Application / Arrangement fee There is no application/arrangement fee
Default fees A late payment fee of £25 will be charged if you do not make your monthly payment in full by the payment due date.
Early settlement You have the right to repay all or part of the loan at any time. If the original length of your loan is more than 12 months an early settlement fee of 58 days interest on your remaining balance will be charged.

Lending criteria

To apply for a loan with us you must:

  • Be at least 18 years old
  • Have a phone number
  • Have a gross annual income of over £7,500
  • Be a UK resident (excluding the Channel Islands and the Isle of Man)

What we don't lend for

There are a number of things we won't give you a personal loan for, including:

  • Business purposes
  • Buying property (or a property deposit)
  • Investment or gambling
  • Illegal purposes

For a full list of what we can and can’t consider, check our lending criteria and exclusions.

What you’ll need to apply

Ready to get a quote? To make it easier for you, please have these to hand:

  • Your home address for the past three years
  • Your sort code, account number and the date when you opened your account
  • Details of your monthly incomings and outgoings
  • Your employer's name and address
  • Your Nectar card number (if you have one)

For more useful information, including how to get support with your application, add your borrowing needs into our loans calculator and select ‘Apply now’.

Helpful guides

Want more general information about loans? We have a whole library of handy guides worth a browse, including a helpful glossary covering more loans terminology.

Guide to personal loans

Covers everything from checking your credit score to calculating interest.

Loan application checklist

This guide offers a detailed list of things to consider before you take out a loan.

All guides

Everything you need to know from better budgeting to early repayments.


Got questions?

Please take a look at our FAQ section, or just get in touch and our team will be happy to help you.

Our personal loans

Thinking about giving your finances a boost with a personal loan? Nectar members can borrow from £1,000 - £30,000, Non-Nectar members can borrow £1,000 - £25,000.

Terms and conditions


Privacy policy


Key information


We treat all our customers and their applications on an individual basis. The APR we offer is determined by the details you supply and the loan you are applying for, along with an independent verification of your credit and repayment history and will range from 2.8% to 24.9% APR.