Apply with confidence
When you’re pre-approved, theloan amount, duration and interestrate are all confirmed
Compare great deals on £15000 loans
See loan deals from market leading UK providers
See loans you’re pre-approved for before you apply
Comparing doesn’t harm your credit score
We do the heavy lifting, so you don't have to. We work with a wide range of leading providers to help you borrow the money you need.
Looking to make home improvements, consolidate existing debts or need some cash towards your new car? Taking out a £15,000 loan could help your bigger purchase feel more affordable, by spreading the cost into monthly repayments.
With MoneySuperMarket you can compare deals from loan providers across the market in just a few easy steps. You’ll also see your chances of being accepted for each loan so you can go ahead and apply with confidence. We’ll run a soft search, so comparing loans won’t affect your credit score.
How much your £15,000 loan will cost you overall will depend on:
The loan term: The ‘term’ of your loan is how long you’ll be borrowing for. You can decide how long you want your loan term to be when you apply
The interest you’ll pay: This will be decided by your lender, based on your financial history and your credit rating
Usually, the longer your loan term, the lower your monthly repayments will be – but you’re likely to end up paying more interest overall, so it can end up being more expensive.
Want a better idea of how much your loan will cost you? Our loan calculator can help you work out the total cost of your loan by factoring in the interest rate or APR, the loan term and how much you’re looking to borrow.
Example of costs of a £15k loan |
|---|
| 2.8% APR over three years | 2.8% APR over five years | 5% APR over five years |
|---|---|---|---|
Monthly repayments | £434.66 | £267.96 | £282.31 |
Total cost of loan and credit | £15,648 | £16,078 | £16,938 |
These rates were chosen for illustration purposes and are not based on any products available with MoneySuperMarket. Calculations were made using MoneySuperMarket’s loan calculator.
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.
When you’re pre-approved, theloan amount, duration and interestrate are all confirmed
When you know what you’ll be able toborrow and how much it will cost, youcan choose a loan that’s right for you
This helps protect your credit score asyou’re less likely to be rejected whenyou apply
If you’ve struggled with borrowing in the past and have a low credit score, your choice of deals may be limited. But this doesn’t mean an instant ‘no’ to a loan,
If you have little to no credit history, or have struggled with bad credit in the past, you may qualify for a bad credit loan. But interest rates are high and you may not be able to borrow as much as £15,000.
A guarantor loan where someone else, usually a family member, agrees to be liable for the debt if you can’t pay, is another option, but again, you may not be able to borrow large sums.
The best way to boost your chance of a loan is to improve your credit score.
Representative 29.9% APR
There are different types of loans available and which you can get will depend on your financial situation and your credit score…
You won’t need to put down a valuable asset as security but you may need a good credit score
With a secured loan, you’ll need to put up a valuable asset – usually your home – as security to get the loan
We’re here to help find the right loan for you, so we’ll tell you which rates you’re guaranteed to get.
We’ll need to know a bit about you and your finances. For secured loans register yourself as a homeowner in the search
We’ll show you loans you’re eligible for from leading providers across the market
You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted
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.
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.
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.
You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.
Whip your credit score into shape with Credit Monitor
Super save over and over again with Energy Monitor
There are always more ways to save with MoneySuperMarket
So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.
You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.