Post Office Personal Loans
Borrow £1,000-£25,000, flexible 1-5 year terms, instant online rates and same day funding. No impact on your credit score for rate checks.
Post Office Personal Loans, provided by Lendable, allow customers in the UK to borrow from £1,000 up to £25,000 and spread repayments over periods of 1 to 5 years. The interest rate you receive will depend on your personal circumstances, the amount you want to borrow, and your credit profile. What’s great is that you can check your rate with only a soft credit check—so your credit score remains unaffected during the quote stage. If approved, funds could be in your bank account on the same day, making this a convenient option for those seeking quick access to finance.
How to Apply: Step by Step
- Fill out the quick online form to get your personalised rate with a soft credit check
- Provide your chosen bank details and electronically sign your loan agreement
- If approved, receive funds to your bank, often within minutes
Key Pros
One major benefit is the fast, fully online process with no paperwork required. Many applicants can get a decision—and access to funds—in a matter of minutes.
Borrowers can also check their eligibility and specific rate without harming their credit score, making it easy to shop around transparently before committing.
Key Cons
These loans are not suitable for individuals looking for amounts under £1,000 or terms shorter than one year.
There is also a one-off loan fee, which is added to the total amount borrowed, and early settlement comes with up to 58 days’ interest charge.
Our Verdict
Post Office Personal Loans, powered by Lendable, offer an appealing solution for those seeking straightforward borrowing with quick payouts and fair eligibility criteria. The main downsides are the chargeable fee and the restriction to loan terms of one year and upwards. However, for most seeking reliable, mainstream borrowing options, this is a strong contender to consider.