Asda Money Personal Loans
Personal loans from £1,000 to £25,000 with no arrangement fees. Existing Asda Money customers may access preferential rates.
Asda Money offers personal loans with competitive rates, but the minimum credit score requirement may limit accessibility for some borrowers.
Asda Money Personal Loans
Updated 5 days agoAPR
6.9–19.9%
Amount
£1,000–£25,000
Term
12–60 mo
Requirements
Decision
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Our Verdict
Asda Money offers personal loans with competitive rates, but the minimum credit score requirement may limit accessibility for some borrowers.
✅ Best For
These loans are best for existing Asda Money customers looking for preferential rates and those with a good credit score seeking amounts between £1,000 and £25,000.
⚠️ Watch Out
Potential borrowers should be aware of varying APR rates and ensure they meet the required credit criteria.
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About this mortgage
Expert Analysis
Asda Money provides personal loans ranging from £1,000 to £25,000, appealing to those who require a flexible borrowing option without arrangement fees. With a representative APR of 6.9%, it positions itself competitively within the market, especially for existing customers who may benefit from lower rates. However, the requirement for a good credit score (700+) may exclude some potential borrowers, making it less accessible than other options available.
In a landscape where many lenders offer loans with varying terms and conditions, Asda Money's straightforward approach is commendable. Nevertheless, customers should carefully consider the maximum APR of 19.9%, which could lead to higher repayments if they do not qualify for the lower rates. Additionally, terms range from 1 to 5 years; thus, borrowers should assess their financial situation and repayment capacity before committing. Overall, Asda Money's personal loans can be a viable choice for those who qualify, but it is advisable to compare with other lenders to ensure the best deal.
Similar options
APR
6.1–21.9%
Term
12–60mo
Monthly
£1k–£50k
Amount
£1k–£50k
APR
5.1–29.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
APR
9.9–69.9%
Term
12–60mo
Monthly
£1k–£8k
Amount
£1k–£8k
APR
6.5–25.9%
Term
6–60mo
Monthly
£500–£25k
Amount
£500–£25k
APR
5.1–30.5%
Term
3–60mo
Monthly
£500–£25k
Amount
£500–£25k
HSBC Personal Loan
PersonalUK resident
18+
HSBC current account preferred
APR
3.9–21.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
Similar options
APR
6.1–21.9%
Term
12–60mo
Monthly
£1k–£50k
Amount
£1k–£50k
APR
5.1–29.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
APR
9.9–69.9%
Term
12–60mo
Monthly
£1k–£8k
Amount
£1k–£8k
APR
6.5–25.9%
Term
6–60mo
Monthly
£500–£25k
Amount
£500–£25k
APR
5.1–30.5%
Term
3–60mo
Monthly
£500–£25k
Amount
£500–£25k
HSBC Personal Loan
PersonalUK resident
18+
HSBC current account preferred
APR
3.9–21.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
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