MoneySuperMarket Personal Loan
Compare UK personal loans with rates from 5.7% APR. Eligibility soft checks won’t harm credit score. Earn up to £20 with SuperSaveClub rewards after purchase.
MoneySuperMarket offers an easy way to compare a variety of personal loans for residents across the UK. Customers can access competitive fixed rates starting from just 5.7% APR, tailored to suit different borrowing needs and loan amounts.
Loan terms typically range from one to five years, with available amounts varying from £3,000 up to £25,000 on an unsecured basis. Selected lenders even offer exclusive SuperSaveClub rewards, where borrowers can earn up to £20 gift cards after completing their loan purchase.
Applicants will undergo a soft credit check during the eligibility process, ensuring your credit score remains unaffected until you choose to proceed. In addition, only FCA-regulated providers are included for peace of mind in your borrowing journey.
How to Apply: Easy Step-by-Step
Begin by selecting your loan purpose, such as home improvements, car purchase, wedding costs, or consolidating existing debts. Complete a straightforward application that asks for your personal and financial details. Use the eligibility checker, which runs a soft credit search. Upon pre-approval, review the offered terms and, if satisfied, complete your application. Funds are transferred to your account promptly once approved.
Main Advantages
One of the major advantages is the transparent comparison across FCA-regulated lenders, ensuring you see the best rates currently available in the UK. Additionally, joining the SuperSaveClub reward programme gives you extra value, with rewards like gift cards and cashback, simply for taking out a qualifying loan.
The soft credit search means there’s no risk to your credit score at the initial stage, allowing you to check offers confidently before committing.
Disadvantages to Consider
Personal loans through MoneySuperMarket, like many unsecured offers, may have higher interest rates for those with lower credit scores. Approval for the very best rates is typically reserved for applicants with excellent credit and stable finances.
Borrowers seeking more than £25,000 must explore secured loan options, which carry additional risks such as offering property as collateral and possible loss of assets if repayments are missed.
Our Verdict
MoneySuperMarket’s personal loan platform is a strong choice for those seeking competitive rates, a user-friendly application process, and the bonus of SuperSaveClub rewards. The service offers peace of mind with soft checks and FCA-regulated lenders. It’s ideal for comparing multiple options and earning rewards along the way. Always ensure you can meet repayments comfortably before applying.