Unsecured personal loans
Ideal for spreading the cost of a bigger purchase – you borrow the money upfront and pay it back in fixed monthly amounts. You won’t need to put down a valuable asset as security but you may need a good credit score.
£15,000 loans
Find a great deal on a £15,000 loan
MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.
Compare loans from 52^ lenders, right across the market
We do the heavy lifting, so you don't have to. We work with a range of leading providers to help you borrow the money you need.
How do £15,000 loans work?
A £15,000 loan is typically an unsecured personal loan used for larger expenses:
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Compare and apply online
Use a soft search to check your eligibility without affecting your credit score. Then compare features such as interest rates and repayment terms to find the best loan deal for you.
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Use the loan as you need
The funds can be used for a wide range of purposes – from home upgrades to debt consolidation or major purchases.
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Repay in fixed monthly amounts
Make regular repayments over your chosen term. You might reduce overall interest by repaying early, but check if your lender charges early repayment fees.
Use our handy loans calculator
Loan calculator
Find out what monthly repayments would be, how much you'll pay overall and how much you could borrow.
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Based on the information you supplied, you would be borrowing XXX and repaying the loan in XXX monthly instalments of . The total sum to repay, subject to XXX% APR over the full loan term would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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Based on the information you supplied, you could borrow XXX at a monthly repayment rate of to be paid over XXX monthly instalments. Over the full loan term at XXX% APR, the total amount repayable would be XXX. This assumes there are no extra fees and that your payments are made on time and in full.
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The maximum personal loan is £50,000
If you need a larger amount, consider a secured loan, which will allow you to borrow more but uses your home as collateral. Be aware that lenders can sell your house if you fail to keep up with repayments.
What type of loan can I get?
There are different types of loans available and which you can get will depend on your financial situation and your credit score…
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Secured loans
With a secured loan, you’ll need to put up a valuable asset – usually your home – as security to get the loan
How much does a £15,000 loan cost?
MoneySuperMarket data from May 2025 indicates that the average APR for someone taking out a loan between £15,000 and £20,000 is 9.5%, with a typical loan term of 3 years. Here’s what that would cost:
Loan details | Amount |
|---|---|
Loan amount | £15,000 |
APR | 9.5% |
Monthly payment | £478 |
Total interest paid | £2,199 |
Total repayment amount | £17,199 |
What can I use a loan for?
A £15,000 loan can be used to cover key expenses or simplify your finances. Here are six common uses:
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Dream wedding
While a wedding may be the best day of your life, it can also be expensive. A wedding loan can help with cashflow and minimise money worries
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Consolidate existing debts
Finding one low interest rate loan for all your debts can bring the ease of having just one payment to deal instead of multiple commitments
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Buying a car
A loan can help you afford your dream car by spreading the cost into manageable repayments
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Home improvements
From a new kitchen to a new bathroom, a home improvement loan can help fund the cost of home improvements
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Bridging loan
A bridging loan can help you to buy a new property before you sell your current home, by ‘bridging’ the gap between sale and completion
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Luxury holiday
Whether your holiday is abroad or in the UK, a holiday loan can help towards the cost of your next adventure if you don’t have the savings
What are the pros and cons of taking out a £15,000 loan?
Before you take out a £15,000 loan, it's worth weighing up the advantages and disadvantages:
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Pros
Lets you fund larger expenses like home improvements, weddings or major debt consolidation without dipping into savings
Can offer more competitive interest rates compared to smaller loans, especially with a good credit score
Typically comes with a range of repayment terms so you can choose monthly payments that suit your budget
Repaying on time can improve your credit rating and boost future borrowing chances
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Cons
You’ll pay more interest over time with longer repayment terms
Missing payments could damage your credit score and lead to additional charges
Some lenders charge fees for paying off your loan early
Monthly repayments may be high if you opt for a shorter term
Am I eligible?
To be approved for a £15,000 loan, you’ll need to demonstrate good credit and reliable income because lenders want confidence in your ability to repay.
Eligibility generally requires:
Being 18+ and a UK resident
Holding a UK current account
A consistent income
A good credit history
A poor credit score may reduce your options or increase your interest rate. Always check your score before applying.
Can I get a £15,000 loan with bad credit?
If you’ve struggled with borrowing in the past and have a low credit score, your choice of £15,000 loans may be limited. But this doesn’t mean an instant ‘no’ to a loan.
You may still qualify for a bad credit loan, but interest rates are likely to be high and you may not be able to borrow as much as you require.
A secured loan, where you borrow against your property, or a guarantor loan, where someone else, usually a family member, agrees to be liable for the debt if you can’t pay, are other options, but should be treated cautiously.
Whichever option you choose, the best way to boost your chance of a better loan deal is to improve your credit score.
How do I choose the best £15,000 loan?
Loans at this level still vary a lot, so it pays to compare:
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Check your credit report
Fix any issues to improve your chances of approval and better rates
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Think about loan purpose
Some lenders offer better rates for home improvement or debt consolidation loans
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Choose the right term
Shorter terms mean less interest, but higher monthly payments
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Review all fees
Admin, late payment, or exit fees can add to your loan’s cost
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Ask about flexibility
Can you overpay or take a break from payments if needed?
Will a £15,000 loan affect my credit score?
A £15,000 loan shows lenders you can manage larger financial commitments when you repay responsibly, which can help improve your credit score.
However, any missed or late payments will harm your credit and may remain on your record for several years, affecting future loan and credit card applications.
Use our eligibility checker to see your chances of approval without affecting your credit score.
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Will base rate cuts make borrowing cheaper?
If you’re considering a £15,000 loan, the May base rate cut to 4.25% may help make your repayments cheaper. When the base rate falls, lenders often lower interest rates on personal loans.
However, they don’t always pass the savings on straight away. Some might hold their rates steady, especially in the short term. That’s why it pays to compare options and look for a competitive deal.
Why compare £1500 loans with MoneySuperMarket
It's simple to find the right loan with us - and it won't impact your credit score.
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It’s quick and easy
We’ll show you all the key information at a glance, so you can pick the right deal for you. Once you’ve made your choice, click through to the loan provider to apply
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Market-leading deals
Securing a lower interest rate with better terms could save you thousands. We’ll search from our panel of over 40 leading loan providers to find you the best deal possible
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Protect your credit score
Good news: when you compare loans with MoneySuperMarket, you don't have to worry about hurting your credit score as we'll only carry out a soft search.
Tips for a successful loan application
Before lenders offer loans, they consider your personal circumstances, like your outgoings, income, and previous borrowing history. For a successful loan application, consider the following:
Meet the lender's basic criteria, like being a UK resident
Lenders often require you to:
Be over 18
A UK resident
If you don't meet this criteria, lenders are very unlikely to enter a loan agreement with you.
Limit your credit applications
Every time you apply online for a form of lending, like credit cards, mortgages, or loans, the lender will perform a 'hard credit check' which shows up on your credit file.
If you have multiple hard checks over a short period of time, this is a red flag to lenders and may reject your application.
We recommend using a loan eligibility checker to perform a soft search and find lenders where you have a higher chance of being approved.
Review your credit report and address any issues
Lenders will check your credit file, so before you start making applications you should review your report and address any errors before applying, including:
Existing credit agreements
Your financial links with other people (including ex-partners)
Missed payments
Beyond errors, check you're registered on the electoral roll and take steps to improve your credit score - it could make a big difference to your monthly repayments and wider loan eligiblity.
Our expert says…
Can I get a £15,000 loan?
As you’d expect, you’ve got the best chance of being approved for larger loans, such as £15,000 or above, if your credit score is ‘excellent’, or if you’re putting up an asset as security. If you find you’re not eligible for larger loan amounts and you’d like to be, you’ll need to take steps to improve your credit score. The good news is that there are lots of simple, quick things you can do to boost your score. And the better news is that you’ll find them all in our handy tipsheet.
Kara Gammell Personal Finance & Insurance Expert
How to apply for £15,000 loans with MoneySuperMarket
We’re here to help find the right loan for you, so we’ll tell you which rates you’re guaranteed to get.
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Tell us about yourself
We’ll need to know a bit about you and your finances. For secured loans, register yourself as a homeowner in the search
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We’ll browse the market
We’ll show you loans you’re eligible for from leading providers across the market
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Weigh up your options
You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted
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What does APR mean?
APR stands for annual percentage rate, and it basically means the interest rate at which you’ll pay back the £15,000. It includes the main interest rate of the loan, but also takes any other fees and charges into account so you get a better picture of the loan’s total cost.
When you see a representative APR advertised on a loan, it means this rate must be offered to at least 51% of applicants – you won’t be guaranteed to get this rate yourself, as this will be based on your personal circumstances.
What is a soft search?
A soft search is how we find out where you stand in terms of getting a loan without affecting your credit report, so you can find a loan you’ll be eligible for without damaging your chances of being successful when you apply.
What happens if I miss repayments on a loan?
If you miss a repayment on your loan, you risk having to pay a late fee – but you may also lose any low- or zero-interest incentives you have. Your interest rate could even go up for future repayments.
What is a repayment holiday?
A repayment holiday is when you agree with your lender that you don’t need to make your repayments for a set period of time – which can be useful if you’ve had a change in circumstances. For example, you might benefit from a payment holiday during times of unemployment, maternity or other surprise expenditures.
What if I’m struggling to repay my £15,000 loan?
You will normally be able to pay all of part of your loan off early, but it may involve an early repayment charge.
How quickly can I get the money?
Once you’ve been approved for your loan, depending on your lender, you could receive the money into your bank account quickly – usually within two weeks. If you’ve applied for the loan via phone or post it may take longer for you to receive the funds.
What should I consider before getting a £15,000 loan?
Before you apply for a £15,000 loan, keep the following in mind:
Do I really need to borrow the funds? If you’re using the loan for home improvements or a big one-off cost, make sure you’ve explored other funding options too.
How can I make sure I am getting the best deal? Shop around for the best rates and check if a shorter loan term reduces the total cost.
Can I afford to meet repayments? Review your income and expenses to ensure the monthly payments won’t put pressure on your finances.
What happens if I miss a payment? Late payments may incur charges and damage your credit profile.
What happens if I want to pay the loan off early? You may be able to pay it off early, but check for early repayment fees in the small print.
Will I get the representative APR?
You may not qualify for the representative APR on a £15,000 loan. Lenders assess how risky it is to lend to you, based on your credit history and financial details. Even small marks on your record can affect the rate you're offered.
How long will repayments on a £15,000 loan take?
Expect repayment options of two to five years. A longer term helps reduce monthly costs, but increases the total amount repaid. Larger loans may offer more flexible term lengths. Early repayment is usually possible, but check for penalties.
Is a £15,000 loan right for me?
£15,000 is a significant amount to borrow, so make sure it’s essential and not something that could wait.
Your credit rating affects how much you’ll pay in interest – improving it first could save money.
Make sure the repayments fit your budget – even if your outgoings rise or income falls in future.
What are the alternatives to a £15,000 loan?
When borrowing larger sums, alternatives are fewer – but a few routes may still be worth considering:
Use savings: Paying with savings avoids interest costs. However, it’s important not to leave yourself short in case of emergencies.
Borrow from family: Family members may consider lending larger sums – especially for useful purchases. Always be clear on repayment expectations and timelines.
Home improvement finance: If you’re borrowing for renovations, some suppliers offer finance. Interest rates and flexibility vary, so compare with loan options.
Car finance options: If it’s for a vehicle, car finance might suit some buyers. Just check total repayment costs compared to a personal loan.
Can I get a joint loan for £15,000 with someone else?
Yes, some lenders offer joint personal loans, where both applicants are responsible for the debt. Applying with a partner or close relative could improve your chances of approval or access to better rates – especially if one person has a stronger credit profile. Just remember: both parties are equally liable for repayments, even if one can’t pay.
Will taking out a £15,000 loan limit how much I can borrow in future?
Potentially, yes. Lenders will take your existing loan into account when assessing affordability for any new credit. A higher monthly commitment can reduce the amount you're able to borrow in future – such as for a mortgage or car finance – until your current loan is partly or fully repaid.
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Lenders
Curious about who’s behind the loans? Take a look at each lender’s page below to learn more:
Reviewed on 10 Dec 2025 by
