Compare the Market Loans
Check your eligibility for market-leading loan rates from 5.8%, with amounts from £1,000 up to £250,000 and no credit score impact for checking.
Introducing the Compare the Market Personal Loan
If you’re considering a personal loan, Compare the Market gives you access to a wide variety of loan offers with rates as low as 5.8% (representative 8.7% APR). Loan amounts available range from £1,000 up to £250,000, allowing both small and major expenses to be financed. The fixed interest rate can lead to predictable monthly repayments, and the eligibility checker ensures your credit score remains unaffected during your search.
Step-by-Step Application Process
1. Visit the Compare the Market loans page.
2. Use the eligibility checker by filling in a short form.
3. Review personalised loan offers from up to 40 regulated lenders.
4. Choose your preferred offer and proceed with the formal application.
5. Once approved, funds are transferred directly to your account.
Key Pros
Borrowers benefit from an extensive panel of lenders and can compare deals without impacting their credit score. Flexible loan amounts mean the product suits a broad range of financial needs, and the process remains straightforward and user-friendly.
Another advantage is the transparent presentation of rates and clear, comparable terms, which helps you make an informed financial decision with confidence.
Key Cons
Actual interest rate offered may be higher or lower than the advertised representative APR based on your individual circumstances. Certain loan types, such as guarantor and peer-to-peer loans, are not directly comparable on the platform.
Additionally, larger loan amounts or borrowing with poor credit could be subject to stricter approval criteria and higher interest rates, so careful consideration is needed.
Verdict
As an independent reviewer, I find Compare the Market’s personal loan search tool to be a strong choice for those seeking clarity and flexibility. With some of the UK’s most competitive loan rates and a straightforward application process, this service stands out for its transparency and breadth of choice.