Personal Loan

Starting APR 24.9%

If Koyo approves your application, money deposited into your account straight away. You can repay the loan with easy monthly installment plans and up to 5 years of terms. Even earlier with prepayment, until it’s all cleared.

Representative example: Amount of credit: £4,000.00 for 36 months. Interest rate: 22.44% pa (fixed). 35 scheduled monthly payments of £155.00 and a final payment of £154.74. Total amount payable is £5,579.74. 24.9% APR representative.

  • Annual Percentage Rate (APR) 24.9%
  • Borrowing Amount £1500 - £12000
  • Maximum Loan Term upto 5 years
  • Processing Time 2 days
  • Loan Types Fixed Rate, Long Term, Unsecured


  • Be over 21 years old
  • Be a UK resident for at least six months
  • Not be bankrupt
  • Have no CCJs or history of bad credit
  • Have a mobile phone
  • Receive a regular income
  • Not be self-employed


  • Competitive rate loans
  • No fees (no late payment fee, no early repayment fee)
  • Decisions and money in your account within 1 working day

Koyo doesn’t offer guarantor loans. With Koyo, you don’t need a guarantor to get approved for a loan. We use Open Banking to make decisions on the creditworthiness of a borrower. This enables us to give competitively priced loans to people who otherwise wouldn’t have access to affordable credit.

Fast Personal Loan Application

  • It takes just 3 minutes to apply and doesn’t affect your credit score.

Fast loan approval

  • Decision and payment within 48 hours.

Flexible loan repayment

  • Choose your repayment date, no hidden fees, and settle early without penalty.

One-Day Loan Approval

  • It’s fast. We normally give a decision after 1 full working day.