Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Late repayments can cause you serious money problems. See our debt help guides.
Admiral personal loans
Better-known for car insurance, Admiral has become a trusted provider of unsecured loans. Our Admiral loan calculator estimates the cost to borrow from £1,000 to £30,000. Rates from 16.9%.
Admiral loan calculator
Table: sorted by representative APR, promoted deals first
It’s important to note that the rate you are ultimately offered by Admiral can depend on factors like your credit rating, income and expenditure. It may differ from the advertised “Representative APR”, because each loan application is assessed on an individual basis.
Our verdict
Thinking about an Admiral loan? If you've got a good or excellent credit score, you can benefit from fixed monthly repayments, the freedom to overpay without penalties and the option to top up existing loans. Keep in mind, though, that these loans aren't for the self-employed, and the interest rates are relatively high compared to others on the market.
Pros
- Fixed monthly repayments
- Flexible loan amounts available
- Top-up your loan after 6 months of repayments
Cons
- Relatively high APR
- You can't overpay without a penalty
- You'll need a good or excellent score to be approved
4.0 ★★★★★
Finder score
Check eligibility
16.9% APR representative (Fixed)
Maximum loan
£30,000
Product fee
N/A
Early redemption fee
Yes
Admiral loan rates at a glance
The Admiral Personal Loan charges 16.9% APR representative on loans between £1,000 and £30,000. Admiral offers the loan with repayment terms between 1 and 8 years, and applicants can apply to borrow from £1,000 to £30,000.
What is Admiral?
Admiral is a UK-based insurance company, established in 1993 and specialising in car insurance. Having introduced innovative and popular products such as multi-car insurance to the UK market, Admiral also began offering personal loans in 2017.
Personal loans from Admiral are based on your individual circumstances, repayable over terms from one to five years and available in amounts up to £25,000. You can usually get an immediate decision when you apply online, and there are no “set up” or “arrangement” fees.
Quick overview of Admiral personal loans
| Loan amounts | From £1,000 to £30,000 |
|---|---|
| Loan terms | From 1 year to 8 years |
| Age eligibility | 18 years and over |
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
Key features of an Admiral personal loan at a glance
Admiral offers “unsecured” personal loans, which means that loan approval is based on individual creditworthiness rather than being secured on an asset such as a property. They have a fixed rate, which means that the amount you have to pay each month won’t change. Here’s a quick rundown:
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £30,000.00 |
| Loan terms | 1 Year to 8 Years |
| Loan rate type | Fixed |
| Product fee | 0% |
| Same-day funding available | |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Joint applications | |
| Overpay without penalty | |
| Concurrent loans allowed | |
| Topping-up pays off existing loan and initiates a new loan | |
| Repayment methods | Direct Debit |
Am I eligible for an Admiral personal loan?
You should only apply for an Admiral loan if you meet the following criteria:
- You must be a permanent resident of England, Wales or Scotland
- You must have lived in the UK for at least three years
- You must be aged between 18 and 74 and be under 75 at the end of the loan term
- You must have a UK-based personal bank account in your name
- You must be in employment or retired
- You must have a minimum income of £10,000
Unfortunately, you won’t be eligible for an Admiral personal loan if you:
- Are self-employed
- Have had any county court judgements (CCJs) in the last three years
- Have been made bankrupt, had any Debt Relief Orders or gone through Individual Voluntary Arrangements procedures in the last six years.
What credit score do I need to get an Admiral loan?
Admiral typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that Admiral considers. However, if you don't have a high credit score, you're very unlikely to get approved for an Admiral loan.
A "Good" or "Excellent" credit rating would require a score of 881 or higher if you're referring to Experian's scale, 531 or higher if you're referring to Equifax's scale and 604 or higher if you're referring to TransUnion's scale.
Do Admiral loans give an instant decision?
No. Currently, decisions aren't instant. However, you can use the soft-search eligibility checker to instantly find out your chances of getting approved. (This won't affect your credit score.)
Can I get a second Admiral loan?
Yes, Admiral allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, Admiral also allows you to effectively "top up" your loan by closing your current loan and starting a new, larger loan. There's no penalty for repaying ahead of time, but bear in mind that any overpayments may be subject to up to 2 months of interest beyond the date on which you overpay. Because of this, it may work out cheaper to run a second loan alongside the first, rather than consolidating the 2.
Can I make overpayments on an Admiral loan?
Yes, you can make overpayments without incurring any penalty fee. However, Admiral can continue to charge interest for up to 2 months on any sums overpaid. So, although making overpayments stands to save you money in interest, you may not save quite as much as you'd imagined.
How do I apply?
First, you can use this eligibility checker to find out if you'd be likely to get approved for the Admiral Personal Loan. This won't impact your credit score.
There are six steps to the application process:
- Use the Admiral personal loan calculator to get an estimate of the monthly cost of your loan.
- Complete the online application form – this should take around five minutes and will include questions about your identity, employment status, income and spending commitments.
- Upload any additional documents requested by Admiral. This might include bank statements or other evidence of your income.
- Upon receipt of your application, Admiral will carry out a credit and affordability assessment based on the information you have provided plus a search from a credit reference agency.
- If your application is accepted you will then need to sign a credit agreement, which you can do online or by post.
- Once you return your signed agreement, the money should be in your account within 3-5 working days.
Admiral customer reviews
In our independent 2024 customer satisfaction survey, a whopping 100% of Admiral’s users said they’d recommend the brand to a friend. Many customers praised the customer service, but others highlighted a slow loan application process. Here’s what some of those Admiral customers had to say:
“It was a straight forward set up. I find it easy to keep track of how much I’ve got left to pay off and they provide a friendly service”
“Admiral offered a good amount of money to pay back within a reasonable time frame and lower interest rates than the other brands I had looked at”
Admiral has received positive reviews from customers overall, according to review platform Trustpilot. It currently has a rating of 4.4 out of 5, based on more than 1,300 reviews (updated January 2024).
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.