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Compare loans for £15,000

Find the right loan for you

  • Doesn’t harm your credit score
  • See your chance of being accepted
  • A small step towards Money Calm

Compare loans

There may be a number of reasons you’re considering a loan for £15,000. You might be thinking about that dream home refurb, or you might have your eye on an upgraded set of wheels. You could even use the loan to help manage your existing debts.

However, finding a loan isn’t always an easy task, and it can sometimes feel like a guessing game knowing whether you’ll be accepted when you apply. MoneySuperMarket can help find the right loan for you – we’ll show you your chances of being accepted before you apply and the guaranteed rate you’ll get. This way you can make a more informed decision about which deal you want to go for.

MoneySuperMarket is a credit broker – this means we’ll show you products offered by lenders. You must be 18 or over and a UK resident.

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Is a £15,000 loan the best option for me?

A £15k loan might be the amount you need – personal loans are generally capped at £25k, so most providers will be able to offer a loan of this size. It is a relatively large personal loan, therefore it may be best suited to a sizeable home project or new car – in fact around 9 in 10 of these searches on MoneySuperMarket were either for:

However keep in mind that any kind of borrowing carries a risk of accumulating debts if you can’t repay what you owe – so be certain a loan is what you need before applying. It can help to know how much you’ll be able to repay each month, so you should understand exactly how much your loan will cost.

1MoneySuperMarket data based on loans for £15,000 searched for between January and June 2020, accurate as of September 2020.

How much will a £15,000 loan cost?

The overall cost of your loan depends on two key factors – the length of the loan and the interest rate you get.

You’ll be able to choose how long you want to borrow the loan over when you apply, however your lender will set your interest rate based on your personal circumstances. 

You will have lower monthly repayments for a loan over a longer term, but you’ll also end up paying more in interest, making the loan more expensive overall.

Loan amount Loan term Interest rate Monthly repayments Total repaid Loan cost
£15,000 Three year 3.10% £436.59 £15,717.38 £717.38
£15,000 Three year 5.80% £453.96 £16,342.66 £1,342.66
£15,000 Five year 3.10% £269.91 £16,194.55 £1,194.55
£15,000 Five year 5.80% £287.57 £17,253.97 £2,253.972


2These rates were chosen for illustration purposes and are not based on any products available with MoneySuperMarket.

Calculations were made using MoneySuperMarket’s loan calculator.

How long will it take to repay the loan?

When you choose how long you want your term to be for the £15,000 loan, consider what you’ll be able to afford to repay each month – you’ll likely face charges if you’re late with your repayments. 

More than 60% of people who looked for a £15,000 loan with MoneySuperMarket looked to borrow it over five years, while only 16% looked for a term lasting four years and 10% who wanted to borrow over three years.3

3MoneySuperMarket data based on loans for £15,000 searched for between January and June 2020, accurate as of September 2020.

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Can I get a £15,000 loan with bad credit?

Loans for £15k are usually available as two different types:

  • Personal loan

    A personal or unsecured loan is where you’ll borrow the loan over a set term, making monthly repayments including interest until you pay off what you owe. You won’t usually be able to borrow more than £25,000 as the lender has no collateral to recoup the costs if you can’t pay.

  • A secured loan

    On the other hand, a secured loan will be tied to collateral – so when you borrow the £15,000 it’ll be against something you own. This will often be your home, which is why these are also known as homeowner loans – but you should only ever borrow what you know you can afford to pay back as you may lose your asset if you can’t make your repayments

15k money bag illustration

Can I get a £15,000 loan with bad credit?

It may be harder to find a a loan for that amount if you have bad credit, and you’ll probably have to pay a higher interest rate. Our credit monitor can help you better understand your financial circumstances, so you can see how to improve your credit score and get a better loan deal in the future.

You can also protect your credit score by using our eligibility checker before you make an application. We’ll show you which £15,000 loans you’re pre-approved for, so you know that when you do apply, you’ll definitely be accepted and you’ll definitely get the deal you see – the loan amount, duration, and interest rate are all confirmed.

How to apply for a £15,000 loan with MoneySuperMarket

Find the right loan for you and see which rates you’ll be guaranteed to get:

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Tell us about yourself

We'll need a little information about
yourself and your finances – remember
to select £15,000 as your loan amount

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We’ll check for loans

We’ll browse the market for loans
from a wide range of lenders
across the market

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Choose your loan

You’ll be able to sort loans by the
overall cost and the likelihood you’ll
be accepted

With a pre-approved loan, the deal you see is the deal you get

When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.

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Apply with confidence

When you’re pre-approved, the
loan amount, duration and interest
rate are all confirmed

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Tailored to you

When you know what you’ll be able to
borrow and how much it will cost, you
can choose a loan that’s right for you

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You’re in safe hands

This helps protect your credit score as
you’re less likely to be rejected when
you apply

We compare offers from a wide range of lenders from across the market

We work with more than 30 loan providers including most of the big brands to help you borrow the money you need.

company logo for msbankcompany logo for Sainsbury's bankcompany logo for Zopacompany logo for Hitachicompany logo for Santandercompany logo for Tesco bankcompany logo for Admiral

APR stands for annual percentage rate, and it basically means the interest rate at which you’ll pay back the £10,000. 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.

If you apply for a £10k loan and you’re unsuccessful, it will probably have a negative impact on your credit score – which could make it harder to take out a loan or line of credit in the future. There are steps you can take to improve your credit rating, giving you a better chance of being accepted when you do next apply for a loan.

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.

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.

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. 

You will normally be able to pay all of part of your loan off early, but it may involve an early repayment charge.

If you think you might struggle to make your loan repayments you should contact your lender as soon as possible. 

They may be able to help you figure out an alternative payment plan if you do, but if you don’t you could be penalised for missing your repayments.

MoneySuperMarket gives you lots of clever ways to save a lot, by doing very little.

  • Take control of your credit score by checking and improving it for free with Credit Monitor
  • Never overpay again with Energy Monitor, our energy monitoring service
  • Over 50 ways to Get Money Calm

So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.

But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?

We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.

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Contact moneysupermarket.com at Moneysupermarket House, St David's Park, Ewloe, Flintshire, CH5 3UZ. © Moneysupermarket.com Ltd 2021

Following government advice, we have closed our offices in response to Covid-19. If you have submitted a subject access request (SAR) by post, then please be aware there may be a delay in processing your request. Online requests are still being processed, however, and our contact centre is fully operational.

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