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We’ll show you all the key information upfront so you can pick the right deal for you.
Compare great deals on £30,000 loans
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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.
Thinking about some home improvements and need a loan to spread the cost? You can search for £30,000 loans with MoneySuperMarket, but for this size of loan it’s likely to be a secured loan. That’s where you’ll need to use your home as security against the debt.
When you search with us we’ll find loan deals that are most suitable for your needs – and show you your chances of being accepted. And it won’t impact on your credit score.
Just tick to say you’re a homeowner if you want to compare secured loans.
It’s simple to compare loans with us, and we’ll show you your chance of being approved for each loan deal.
We’ll show you all the key information upfront so you can pick the right deal for you.
Don’t worry. We’ll show you your chances of being accepted for each deal.
Once you’ve made your choice, click through to the loan provider to apply.
The cost of your £30,000 loan will depend on a range of factors including
How long you want to borrow the loan (known as the term)
The interest rate or APR you can get. This will usually depend on your credit score – the higher your credit rating the lower your interest rate
To keep costs down look to boost your credit score to achieve the lowest possible loan rate. You could also opt for a longer loan term. Our loan calculator can help you work out what your loan will cost.
Example of costs of a £30k loan |
|---|
| 2.8% APR over five years | 3.5% APR over five years |
|---|---|---|
Monthly repayments | £536 | £545 |
Total cost of loan and credit | £32,156 | £32,701 |
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
See personalised deals and find the right loan for you
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’ credit 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.
You can take out a £30,000 loan for a number of reasons, such as home improvements or funding education to big purchases like buying a car, a caravan or a boat, for example. However, it’s unlikely you’ll be approved for a loan to cover your day-to-day living costs. For secured loans it is likely you'll only be able to borrow for either home improvements or debt consolidation.
To borrow a large sum of money such as £30,000 at a competitive interest rate you will usually need a good to excellent credit rating. If your credit score is poor you may have to accept borrowing less and paying a higher interest rate. It could be worth taking some time to build up your credit score. By growing your score over time you’ll unlock lower borrowing rates for loans, credit cards and mortgages.
You will usually be able to pay off some or all of your loan early if you want to – but the lender could impose an early redemption penalty charge.
How quickly you’ll receive your loan will depend on the lender. But once you’ve been accepted and approved for your £30,000 loan, the money could be with you very quickly – and usually within a couple of days.
If you’re struggling with your finances and you think you might not be able to make your repayments, you should call your lender as soon as possible – they may be able to help you work out an easier repayment plan by restructuring the loan, or a repayment holiday.
If you don’t let your loan provider know and your miss a repayment you could be hit with steep penalty fees and interest – and it is likely to negatively affect your credit score.
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.