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Personal Loans

Key features:

  • What you see is what you'll get - a fixed rate personal loan of  7.8% APR representative* when you borrow £7,500 or more 
  • Unlike many other lenders, we won't charge arrangement or early repayment fees
  • Borrow from £1,000 to £25,000 and pay it back over 1 - 7 years**
  • We take your professional status into consideration when making a loan decision
  • Simple online repayment calculator
Apply Online now

Call us free on 0800 358 1122

Personal Loan Calculator

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    Your personalised loan illustration

    Total amount to be repaid
    Monthly repayment
    APR

    *This figure is for illustration purposes only and the actual monthly repayment may differ slightly due to the date when a monthly payment is made by you. You will receive full details of actual repayments in your regulated credit agreement once your application has been accepted by us.

    Summary

    Need to cover a big cost? 

    Whether you're looking to go on a luxury holiday, consolidate existing debts or make some home improvements, our simple personal loans are here to help.

    You'll get a fixed rate, and you decide how much you want to borrow and how many years you'll take to pay it back. We also won't charge you anything if you want to pay the loan back early. What's more, unlike other lenders, we'll take your professional status into account when considering your application, as we understand that the demands of your career may make your credit history look a little different from the norm. And, unlike some other lenders, as long as you're borrowing £7,500 or more from us, we won't charge you a higher interest rate than advertised.

    With all these great reasons, there's no better time to choose a personal loan from us.

    How much will it cost?

    The beauty of a Wesleyan Bank loan is that you'll know straightaway how much it's going to cost. We give you a fixed rate of 7.8% APR on loans between £7,500 and £25,000. For smaller loans of between £1,000 and £7,499, the fixed rate will be 13.9% APR.

    Here's an example:

    Representative Example: 7.8% APR Representative (fixed). Based on assumed loan amount of £15,000 over 5 years with an interest rate of 7.8% p.a. (fixed). Monthly repayment £300.82. Total amount payable £18,049.20.

    This figure is for illustration purposes only and the actual monthly loan repayment may differ slightly due to the date when a monthly payment is made by you.

    You can get an illustrative figure by using our handy loan calculator.

    * For loans £7,500 or over
    ** Loans up to £7,499 can be repaid over 1 to 5 years. Loans from £7,500 to £25,000 can be repaid over 1 to 7 years.
    Please be aware that this could mean that you may pay back more over the period of the loan.

    Interested in borrowing from us?

    Apply online now, or call us free on 0800 358 1122 to find out more. Alternatively, fill in our contact form and we'll call you back.
    Legal information

    Loan product legal information

    Once you've applied, you'll be sent an agreement to read, sign and return. When your signed loan agreement has been received we can transfer funds into your current account using a three day standard BACS transfer. For an additional £15 fee, funds can be deposited in your current account within 24 hours using a CHAPS payment.

    If you have any problems applying online, please contact our helpdesk by telephone and we'll help you fill out the form.

    We will make credit reference, identity and other enquiries following our normal practice when we consider your application.

    The details you provide, the information we already have and information from credit reference agencies are used to assess risk using credit scoring.

    We may use credit reference and fraud prevention agencies to help us make decisions. What we do and how both we, credit reference and fraud prevention agencies will use your information is detailed in the leaflet called: Guide to the use of your personal information by Wesleyan Bank and Credit Reference and Fraud Prevention Agencies (pdf).

    Missed or underpayments

    We need to make you aware of some of the consequences of not making your agreed payments. If you underpay or miss any payment due under the credit agreement you will be in default on the agreement and:

    • You may pay more overall
    • We may register your details with credit reference agencies
    • You may find it more difficult to obtain credit in the future
    • Legal proceedings could be taken against you which could result in any outstanding debt being secured against any property you own

    If you have difficulties making payments under your Agreement please contact us.

    Financial help

    Need financial help?

    Are you struggling financially? If you're finding that you're financially stretched and have difficulties meeting repayments, it can be daunting. But it's important not to bury your head in the sand and think that the problem will disappear. Unpaid bills can pile up and your debts can easily spiral out of control if you don't take action.

    Contact us

    If you don't think you'll be able to make your repayments to us, or have missed a payment already, please contact us as soon as possible. Our trained and friendly staff are here to help. They will complete an income and expenditure review and develop a plan with you, to help sort out your finances.

    Speak to one of our friendly members of staff:
    Call us on 0800 975 2088
    8.00am - 6.00pm Monday to Friday
    (excluding Bank holidays)

    Further assistance

    If you need more support, there are a number of non-profit debt-counselling organisations that can provide free and confidential help and advice, if you have problems with debt. They can give you practical advice and solutions, to help you get control of your debt. If a debt-counselling organisation is already helping you, we will work with them.

    Step Change Debt Charity logoStep Change Debt Charity
    The UK's leading debt advice service
    0800 138 1111

    They've designed a range of online tools to help people get free anonymous debt help 24 hours a day. These range from a 60-second debt test, to quickly assess the scale of the problem, to Debt Remedy, a full online debt advice and budgeting tool that provides a personal action plan to help people take their first steps out of debt.

    Money Advice Service
    0800 138 7777

    Advice UK
    0300 138 7777

    Citizen's Advice
    Please refer to the website for contact details for your area

    National Debtline
    0808 808 4000

    Debt Advice NI
    Debt advice for people living in Northern Ireland
    0800 917 4607

    Take action

    Please don't delay taking any action if you do have debt issues.Debt can affect your credit rating and you may have problems getting a loan or mortgage in the future.
    Call us free on 0800 358 1122 Monday to Friday 8.00am - 6.00pm, or contact Wesleyan Bank

    'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

    Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Syscap Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

    Click for more information about the Wesleyan group of companies.

    © 2016 Wesleyan Assurance Society