How much can you borrow with a personal loan?

Unsecured loans typically max-out at £25,000 (although the big banks may lend up to £50,000 to existing customers). However, limits are tailored to the individual applicant.

Check your personalised rates and limits

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Lender Loan Maximum loan amount Minimum income Link
NatWest NatWest Existing Customer Personal Loan £50,000 No minimum income specified Check eligibility
Royal Bank of Scotland Royal Bank of Scotland Existing Customer Personal Loan £50,000 No minimum income specified Check eligibility
Hitachi Personal Finance Hitachi Personal Finance Hitachi Personal Loan £25,000 No minimum income specified Check eligibility
My Community Bank My Community Bank Personal Loan £25,000 £18,000 per year Check eligibility
Post Office Money Post Office Money® Personal Loan £25,000 £12,000 per year Check eligibility
AA AA Member Loan £25,000 £12,000 per year Check eligibility
Zopa Zopa Personal Loan £25,000 £12,000 per annum Check eligibility
JustUs JustUs Personal Loan £25,000 No minimum income specified
AA AA Non-Member Loan £25,000 £12,000 per year Check eligibility
Lending Works Lending Works Personal Loan £25,000 £850 per month Check eligibility
Lendable Lendable Personal Loan £20,000 £800 per month Check eligibility
Everyday Loans Everyday Loans Personal Loan £15,000 £10,000 per year Check eligibility
Oplo Oplo Homeowners Unsecured Loan £15,000 £15,000 per year Check eligibility
1plus1 Loans 1plus1 Loans Guarantor Loan £10,000 No minimum income specified Check eligibility
Guarantor My Loan Guarantor My Loan £10,000 No minimum income specified Check eligibility
Bamboo Bamboo Personal Loan £8,000 No minimum income specified Check eligibility
118 118 Money 118 118 Money Personal Loan £5,000 £700 per month Check eligibility
Likely Loans Likely Loans Personal Loan £5,000 £5,000 per year Check eligibility
Barclays Bank Barclays Bank Existing Current Account Customer Barclayloan £50,000 No minimum income specified Read our review
Ulster Bank Ulster Bank Existing Customer Personal Loan £50,000 No minimum income specified Read our review
HSBC HSBC Premier Customer Personal Loan £50,000 No minimum income specified Read our review
TSB TSB Existing Current Account Customer Personal Loan £50,000 No minimum income specified Read our review
Barclays Bank Barclays Bank Existing Premier Account Customer Barclayloan £50,000 No minimum income specified Read our review
First Direct first direct Existing Customer Personal Loan £50,000 £10,000 per year Read our review
Sainsbury's Bank Sainsbury's Bank Standard Nectar Cardholder Loan £40,000 £7500 per year Read our review
Bank of Scotland Bank of Scotland Existing Customer Personal Loan £35,000 No minimum income specified Read our review
Virgin Money Virgin Money Existing Customer Personal Loan £35,000 No minimum income specified Read our review
Halifax Halifax Existing Customer Personal Loan £35,000 No minimum income specified Read our review
Metro Bank Metro Bank Personal Loan £35,000 No minimum income specified Read our review
Lloyds Bank Lloyds Bank Existing Customer Personal Loan £35,000 No minimum income specified Read our review
M&S Bank M&S Bank Existing Customer Personal Loan £25,000 £10,000 per year Read our review
Creation Financial Services Creation Financial Services Creation Loans £25,000 £9,600 per year
AIB AIB Personal Loan £25,000 No minimum income specified Read our review
Halifax Halifax Personal Loan £25,000 No minimum income specified Read our review
Santander Santander Existing Customer Personal Loan £25,000 £7500 per year Read our review
HSBC HSBC Personal Loan £25,000 £10,000 per year Read our review
QuidCycle QuidCycle Personal Loan £25,000 No minimum income specified
Virgin Money Virgin Money Virgin Money Personal Loan £25,000 No minimum income specified Read our review
Nationwide BS Nationwide Member Personal Loan £25,000 £700 per month Read our review
Santander Santander 123 and Select Customers Personal Loan £25,000 £7500 per year Read our review
Sainsbury's Bank Sainsbury's Bank Standard Non-Nectar Cardholder Loan £25,000 £7500 per year Read our review
Tesco Bank Tesco Bank Online Personal Loan £25,000 No minimum income specified Read our review
Danske Bank Danske Bank Existing Choice, Prestige or Freedom C/Acc Customers £25,000 No minimum income specified Read our review
Bank of Ireland UK Bank of Ireland UK Online Personal Loan £25,000 £12,000 per year Read our review
HSBC HSBC Existing Customer Personal Loan £25,000 £10,000 per year Read our review
Danske Bank Danske Bank Home Owners Personal Loan £25,000 No minimum income specified Read our review
MBNA Limited MBNA Limited Personal Loan £25,000 No minimum income specified Read our review
TSB TSB Personal Loan £25,000 No minimum income specified Read our review
M&S Bank M&S Bank Personal Loan £25,000 £10,000 per year Read our review
Admiral Admiral Personal Loan £25,000 £10,000 per year Read our review
Danske Bank Danske Bank Personal Loan £25,000 No minimum income specified Read our review
cahoot cahoot Online Personal Loan £20,000 £7500 per year Read our review
Santander Santander Personal Loan £20,000 £7500 per year Read our review
Monzo Bank Monzo Bank Personal Loan £15,000 No minimum income specified Read our review
TrustTwo Trusttwo Trusttwo (Homeowner Guarantor) Personal Loan £15,000 No minimum income specified Read our review
JN Bank JN Bank Personal Loan £15,000 £1,000 per month Read our review
TrustTwo Trusttwo Trusttwo (Tenant Guarantor) Personal Loan £15,000 No minimum income specified Read our review
Fintern Fintern Fintern Personal Loan £7,500 No minimum income specified Read our review
Late repayments can cause you serious money problems. See our debt help guides.

How much can I borrow with a personal loan?

You can generally find personal loans starting from £1,000 up to £25,000. Some larger banks offer personal loans up to £50,000 to existing customers, but those are exceptional cases. For loans higher than this, you’ll generally need to offer some form of security.

However, the amount you’ll be able to borrow depends on several factors, including your financial history and credit rating. Many lenders favour applicants with good credit scores. What constitutes a good credit score depends on the credit rating agency (CRA) you use as the three main credit referencing agencies (CRAs) in the UK all score consumers differently.

While you can still find borrowing options even if you have bad credit, it’s likely that you won’t be eligible for the largest loan amounts available.

If you’re approved for a loan, the lender will give you the total amount you can borrow. However, it’s important to consider how much you actually need and what you can afford to borrow before taking out a loan.

What is the maximum personal loan amount?

This depends on the type of loan and lender, but as a rule of thumb, unsecured personal loans are generally offered for up to £25,000 or £30,000. While it may be possible to find a lender willing to offer you a personal loan for more than £30,000, you may need to use an asset as security against the loan.

Short-term loans, or payday loans, are usually available for up to £1,000, though some lenders may offer loans up to £5,000 or so.

Need to borrow more?

If you want to borrow more than the amounts detailed in the table above, and you’re a homeowner, then you’ll need to consider a secured loan. Secured loans are typically available for sums as high as £500,000, but the maximum you can borrow will be dictated by the value of your property and the amount of debt currently secured against it (i.e. in your “first charge” mortgage”.

Discover and compare secured “homeowner” loans

How can I qualify for the maximum amount offered?

Most personal loan providers have limits on how much they can offer. But in reality, these don’t apply to all borrowers. How much you can actually borrow depends on a wide range of factors like your financial situation and credit history.

There are no guarantees you’ll be approved for the loan amount you’re seeking, but these tips may help you get the amount you need:

  • Improve your credit. A higher credit score will generally translate to better loan terms. If you’re after a large amount of money, a good or excellent credit score may get you the loan you want.
  • Lower your debt-to-income ratio. Paying down your existing debts will lower your expenses and show that you can afford to take out a larger loan.
  • Wait until you have established employment. Having a secure source of income, especially if it’s with a distinguished employer, can help show lenders you’re able to pay for your loan.
  • Look into a secured loan. If you have the collateral available, you may be able to borrow a secured loan for a larger amount. This is because lenders are less likely to lose their money should you default on the loan.

However, it won’t always be in your best interests to borrow up to your maximum limit. You may find it hard to afford your repayments, or may end up paying unnecessary interest if you borrow more than you need.

How much can I afford to borrow?

While a lender will only offer you a loan amount it believes you can pay back, it’s important that you also understand your borrowing limits. In order to be sure you can afford the maximum amount a lender offers you, do some basic calculations first. You can calculate how much you can afford to borrow by taking into consideration both your current bills and your current monthly income.

Add up all your bills and regular expenses – including all your debt payments – and subtract this from your take-home pay. If you have a few hundred left over, you’ll likely be able to afford a new loan for a large amount. If you don’t, then work on paying down some of your other debts before borrowing.

Our personal loan borrowing calculator can help you quickly determine how much you may be able to spend on a new loan.

What do lenders consider when evaluating my application?

When you submit an application, lenders take into account a few different pieces of information in order to determine if you qualify for the maximum loan amount you’re requesting.

  • Purpose. Many lenders will ask what you plan to use the loan for. Be honest as this could impact your loan contract and the interest rate you’re offered in addition to your loan amount.
  • Credit score. While your credit score isn’t the only deciding factor, it does carry a lot of weight. The better your credit score, the more likely it is that a lender will be to approve you for the maximum loan amount.
  • Affordability. Most lenders will factor in the amount of debt you already have, the stability of your job, and income versus your outgoings to calculate whether you can afford the loan you are applying for. They will also look at the term – ie the length of time the loan is spread over – that you are applying for. For example, you’re more likely to get a loan of £10,000 with a term of three years as opposed to one year.
  • Security. For larger loans, you may opt to leverage the equity in your home to access larger sums and/or lower rates. In this case, the lender will look at the value of the property and the amount of debt secured against it.

Bottom line

The maximum amount available for a loan and the maximum amount you can borrow will vary by your lender and your financial circumstances. Find the right lender and see what types of rates you may be offered. If it matches with your budget, you may be on your way to financing that next big purchase in your life.

Frequently asked questions

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