Personal Loan

Starting APR 3.9%

Bring your plans to life with a RateSetter personal loan, from buying a new car to taking control of your existing borrowing.

Representative example: 4.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 5 years at an interest rate of 2.3% p.a. (fixed). The monthly repayment is £187.94. The total amount payable is £11,276.40, which includes a fee of £638. The majority of RateSetter customers receive the advertised APR or lower. The maximum APR you could be offered is 29.9%.

The loan fee allows RateSetter to cover RateSetter costs. The loan fee is non-refundable if you settle your agreement early. The only time this is not chargeable is if you withdraw from your credit agreement within 14 days.

  • Annual Percentage Rate (APR) 3.9% - 29.9%
  • Borrowing Amount £1000 - £35000
  • Maximum Loan Term upto 7 years
  • Minimum Annual Income 16000
  • Processing Time 1 day
  • Loan Types Fixed Rate, Long Term, Low Interest, Unsecured


  • you are 21 or over.
  • you hold a UK bank or building society account.
  • you have been a UK resident for a minimum of 3 years.
  • you have a regular source of income paid monthly, for example through wages or a pension, of over £16,000 a year.
  • you have a good credit history, with no County Court judgments, bankruptcies, or debt relief orders on your credit file.

Flexible loans tailored to you

  • Borrow from £1,000 up to £35,000.
  • Loan terms are between 1 and 7 years.
  • Rates from 3.9% APR.

Borrow with confidence

Whether you are looking for a personal loan to tidy up your finances, buy a car, or carry out some home improvements, RateSetter believes that you deserve a price that is carefully personalized for you.

  • If approved, you’ll get the money the next working day.
  • Manage your loan online, 24 hours a day.
  • Change your payment date to one that suits you.
  • Take out a new loan with RateSetter and consolidate your existing RateSetter loan, or apply for an additional loan after just 6 months.
  • Make extra payments or settle your loan early with no early repayment fees.