Admiral began in 1993 as a specialist car insurance company, and by 2017 had branched out into the finance industry. Admiral now offers car, home, travel, pet, and van insurance, as well as personal loans and car finance options.
What loans can I get from Admiral?
With Admiral you’ll be able to apply for a personal loan as well as a number of car finance options. Admiral’s personal loans range from £1,000 to £25,000, and you could use them for home improvements, weddings, managing your existing debt, or even for funding further education.
Admiral also offers options for financing a car purchase. As well as taking out an unsecured personal loan for a car, you can opt for a personal contract purchase or a hire purchase loan.
To learn more about loans for buying a car, read our page on car finance.
What interest rate will I get with an Admiral loan?
Admiral personal loans have a fixed interest rate, which means the amount you pay each month will stay the same. This can help you budget for your repayments as you’ll always know how much you have to set aside.
The maximum APR offered by Admiral is 29.9%. However the APR advertised on any deal only has to be offered to 51% of successful applicants. This means the actual interest rate you’re offered if your application is successful may be different, depending on a number of factors.
This can include the amount you want to borrow, the length of time you want to borrow over, and your own financial record.
Representative example: If you borrow £5,000, you would make 36 monthly payments of £146.17. The total amount repayable is £5,262.12. Representative 3.4% APR, 3.35% (fixed) p.a..
How long do Admiral loans last?
Admiral loans come in terms of 12 to 60 months. You’ll be able to pay some or all of your loan off early if you want to, however, it’s likely to result in an early settlement fee.
How to contact Admiral?
You can contact Admiral by:
Phone, on 0333 234 6007
Online, through their website
How to apply for an Admiral loan?
You’ll be able to apply for an Admiral loan over the phone, online, or by post. You should make sure you have the following when you apply:
- Your personal details, such as your address history over the last three years
- Your financial details, like incomings and expenditures every month
- Your bank account details
How long until the loan is in my bank account?
If your application is successful, the money should be in your account just after lunch time on the third working day after you sign the loan agreement.
Do I qualify for an Admiral loan?
Admiral loans have the following eligibility criteria:
- You must be a permanent UK resident
- You must have lived in the UK for at least three years
- You must have a UK bank account
- You must be between 18 and 74, and you must be under 75 by the time the loan term ends
- You must be employed or retired with yearly income of at least £10,000. You must not be self-employed
- You must not have any county court judgments in the last three years, or any bankruptcies, debt relief orders, or individual voluntary arrangements in the last six years
Compare loans with MoneySuperMarket
It’s easier to find a better deal on a personal loan when you compare on MoneySuperMarket. All you need to do is tell us a little about your loan, including how much you need and over how long, and you’ll be given a list of quotes tailored to your needs.
Then you can compare the loan products by their interest rates and overall cost as well as the likelihood of you being accepted if you apply. Once you’ve found the right loan deal, just click through to the provider to finalise your application.