MoneySuperMarket Loans
Compare UK loan rates from just 5.8% APR, quick eligibility checks without affecting your credit score, and even earn rewards for successful applications.
MoneySuperMarket offers an extensive loan comparison service, ideal for borrowers seeking flexibility and competitive rates. With loan rates starting from just 5.8% APR and the option to earn up to £20 in rewards via SuperSaveClub, there’s a real incentive to apply.
You can check your eligibility without affecting your credit score using a soft search. Loan terms vary from 1 up to 10 years, and you could borrow up to £50,000 unsecured; secured loans offer higher amounts with your property as collateral. To qualify, applicants must be 18 or over and UK residents.
How to Apply: Step-by-Step Guide
- Decide on your loan purpose and amount
- Use the online comparison to review offers
- Complete a soft search eligibility check
- Select your preferred loan and proceed with application
- Submit personal and financial information
Pros of MoneySuperMarket Loans
The soft search eligibility check allows you to explore your options without worrying about your credit score. This means you know your chances upfront and avoid unnecessary credit report marks.
Another highlight is the SuperSaveClub rewards. Successful applicants with participating lenders receive up to £20, or even get perks and cashback, which is a nice bonus compared to other providers.
Cons of MoneySuperMarket Loans
Not all lenders participate in the SuperSaveClub rewards, so you may miss out depending on your choice. Additionally, actual APR can vary based on your financial profile.
Those with poor credit will see higher representative APRs, so it’s essential to check personalised rates to avoid disappointment.
Our Verdict
MoneySuperMarket is a reliable, FCA-regulated broker for comparing loan deals in the UK. It’s easy to check eligibility and the rewards are a welcome touch. Just be mindful to compare APRs thoroughly and consider your repayment ability before committing.