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Personal Loans
Apply now and get a decision in just 10 minutes. Loans are available from £1,000 and you can select how long you need to pay it back.
Why choose Halifax?
- 6.6% APR Representative on loans between £7,500 and £25,000 over 1 to 5 years.
Other loan amounts and terms are available at different rates. - Take a repayment holiday
You can ask for up to two repayment holidays of one month in a 12 month rolling period, subject to approval. Interest will still be charged for the months that you don’t make any payments, so you'll pay more interest overall and your original term will be extended. - No charge for making extra payments
We won’t charge you for paying more than the agreed monthly amount, if you find you have some spare cash. - It's quick and easy to apply online, with no paper forms to sign.
- A bank you can trust
We’ve been taking care of our customers for over 160 years, so you know you’re in safe hands.
Start your quote
Before you apply, you can find out if you're pre-approved for a Halifax loan. Answer a couple of questions so we can find the right options for you.
Do you have a current account with Halifax?
Representative example
You could borrow £10,000 over 48 months with 48 monthly repayments of £236.73. Total amount repayable will be £11,363.04 Representative 6.6% APR, Annual interest rate (fixed) 6.41%.
This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. If you qualify for a loan we’ll tell you the rate that applies when you get your personalised quote. The maximum APR you could be offered is 29.9% APR.
Frequently asked questions
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A personal loan is an amount of money you borrow over a set period of time. You pay the loan back in fixed monthly payments, with a fixed interest rate. At Halifax you can take out a loan over between one and seven years. We work out the details of your loan, such as the interest, based on several factors. These include the amount you ask to borrow and your monthly income and outgoings.
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You can use a personal loan for all sorts of things. For example, you could use it to buy a car, make home improvements or consolidate other debts. It can be for just about anything, but there are some restrictions. We can’t lend you money for:
- Speculative purchases, e.g. gambling, investments and share purchases
- Any illegal purposes
- Business related purposes
- Purchase/Lease of land or property, either full or part purchase (including deposit)
- Timeshares/Holiday Clubs
These limits apply whether you want to borrow money for yourself or to support someone else. For example, you can't borrow to give a family member a house deposit.
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Yes, all of our personal loans are unsecured. This means we don’t ask for anything, such as your home, as security. Rates for unsecured personal loans are worked out on the amount of the loan, the length of the loan, and credit scores.
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APR stands for annual percentage rate. You'll see it as a percentage.
It’s not just about the interest you’ll pay. APR factors in both interest and any fees that are automatically charged to your account. This gives you a good idea of the overall cost and is useful if you’re comparing loans or credit cards.
Representative example
You could borrow £10,000 over 48 months with 48 monthly repayments of £236.73. Total amount repayable will be £11,363.04 Representative 6.6% APR, Annual interest rate (fixed) 6.41%.
This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. If you qualify for a loan we’ll tell you the rate that applies when you get your personalised quote. The maximum APR you could be offered is 29.9% APR.
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When you apply for a loan, we’ll tell you how much your repayments will be. This is a fixed amount that you will pay back each month until the loan is paid off. It also includes any interest charged. We’ll start taking the payments by Direct Debt the month after you apply – you can choose a date that suits you and change it if you need to.
You can make extra payments with no charge if you want to. However, if you pay the loan off early, we may charge you up to 58 days’ interest.
If you miss a repayment, you will be charged £25. If you continue to miss repayments, you may be charged further.
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If you have a Halifax bank account
If you’re approved, you could have the money in your Halifax account in minutes.
If you don’t have a Halifax bank account
If you’re approved for a loan you should have the money in your account within 2 hours. Sometimes it may take a bit longer - but no more than 3 working days.
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Taking out a personal loan is a commitment, so it’s important to make sure it’s right for you. Depending on what you want to borrow money for, other borrowing options might be more suitable, such as a credit card or overdraft. It’s important to work out the full cost of each option by looking at any interest and fees that will be charged.
What could a Halifax Personal loan be used for:
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