Compare great deals on £25,000 loans
If you’re looking to borrow a larger sum of money a £25,000 loan can be a good way to spread out the cost.
Whether it’s for home improvements, a new car, or to consolidate other debts it makes sense to find the best possible deal for you.
When you search for a loan online with MoneySuperMarket we compare deals from leading UK providers. It’s quick and easy and we’ll also show you your chances of being accepted for each £25k loan so you can apply in confidence. Searching won’t affect your credit score.
We do the heavy lifting, so you don't have to. We work with leading providers to help you borrow the money you need.
The cost of your £25000 loan will depend on a range of factors including the interest rate and the term (duration) on your loan.
The interest rate will be set by the lender and will depend on your financial circumstances and credit score.
Our loan calculator can help you work out what you might pay.
Example of costs of a £25k loan |
|---|
| 2.8% APR over five years | 2.8% APR over 10 years | 3.5% APR over ten years | |
|---|---|---|---|
| Monthly repayments | £446.61 | £238.70 | £246.57 |
| Total cost of loan and credit | £26,796 | £28,644 | £29,589 |
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, the
loan amount, duration and interest
rate are all confirmed
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
This helps protect your credit score as
you’re less likely to be rejected when
you apply
If you've struggled with debts in the past and have a low credit score it could be difficult to get a £25,000 loan.
Specialist lenders can offer loans for bad credit but they will have higher interest rates than standard loans so they will be more expensive. It may also be difficult to get an unsecured loan for £25k so you may need to consider other options such as secured loans.
Looking at your credit file and working on improving your credit score over time should lead to better interest rates and borrowing options in the future.
Representative 29.9% APR
There are different loans available so think about what might suit your needs best. The type of loan you can get will usually depend on your financial situation and your credit score.
You don’t need to put any assets down as security, but you may need a good credit score to be eligible. Youi’ll need a strong credit score to borrow £25,000 as an unsecured personal loan
You’ll be required to put down a valuable asset – typically your home – as security to get the loan. This may be a more viable option for larger sized loans, particularly if you don’t have a strong credit score
We’re here to help find the best large loan for you – and you’ll see your chances of being accepted
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, or your Annual Percentage Rate, is the interest rate at which you pay back money you’ve borrowed. It takes into account the actual interest rate you pay, plus any other fees or charges involved in the deal, to give you a more complete picture of what you loan will cost.
When you see a rate advertised as the representative APR, this means the lender is required to offer this rate to at least 51% of applicants – however it doesn’t mean you’re guaranteed to receive this interest rate yourself.
A soft-search or soft-application is a way of finding out where you stand in terms of getting a loan without leaving a mark on your credit report. It’s a useful way of finding a loan you’ll be eligible for without harming your chances of being accepted.
Once you’ve been approved for a loan, depending on your lender, you could receive the funds into your bank account very quickly – this could be the next day, for example, or within the next week or two. If you’ve applied by phone or post it may take slightly longer. Things can also take a bit longer if your application or your financial circumstances are more complicated and require more checks.
Usually you’ll be able to pay off all or part of your loan early, though some lenders may have an early repayment charge.
Missing repayments can lead to penalty charges and extra interest, and it could also have a negative impact on your credit file and rating. If you have concerns about your loan and meeting your repayments speak to your lender as early as possible to see if you can work out a joint solution, such as a repayment holiday or restructure of the loan.
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