Admiral personal loans

As well as car insurance, Admiral has become a trusted provider of unsecured loans. Our Admiral loan calculator will help you work out how much an Admiral loan could cost you.

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Admiral

Admiral loan calculator

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR Link
Admiral Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 9.9% p.a. (fixed). Representative APR 9.9% and total payable £11,527.92 in monthly repayments of £320.22.
Zopa Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 5 years at a rate of 8.8% p.a. (fixed) with an application fee of £240.00. Representative APR 9.9% and total payable £12,602.87 in monthly repayments of £210.05.
Hitachi Personal Finance Hitachi Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.5% p.a. (fixed). Representative APR 3.5% and total payable £10,539.72 in monthly repayments of £292.77.
Lending Works Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.6% p.a. (fixed) with an application fee of £0.00. Representative APR 12.0% and total payable £11,851.92 in monthly repayments of £329.22.
Barclays Bank Existing Current Account Customer Barclayloan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.
Lloyds Bank Existing Customer Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.
My Community Bank Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 23.9% p.a. (fixed). Representative APR 23.9% and total payable £13,678.20 in monthly repayments of £379.95.
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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.

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.

Admiral loan rates at a glance

The Admiral Personal Loan charges 9.9% APR representative on loans between £1,000 and £25,000. Admiral offers the loan with repayment terms between 1 and 5 years and applicants can apply to borrow from £1,000 to £25,000.

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.

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 typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms1 Year to 5 Years
Loan rate typeFixed
Product fee0%
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 methodsDirect 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 a 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 will consider, however if you don't have a high credit score, you're very unlikely to get approved for a Admiral loan.

A "Good" or "Excellent" credit rating would require a score of 881 or higher, if you're referring to Experian's scale, 420 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?

Yes, Admiral offers instant decisions online in most cases (occasionally more info may be required). First, you can use the soft search eligibility checker to find out your chances of getting approved (this won't affect your credit score). Then, if you opt to go ahead and apply, you'll get an instant answer.

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.

Can I make overpayments on a Admiral loan?

Yes, you can make overpayments without incurring any penalty fee. However Admiral can continue to charge interest for up to two 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?

If you've decided that a personal loan from Admiral is right for you, you can head over to Admiral's website to apply. Completing the secure online application form takes usually about 15 minutes. In most cases Admiral will give an instant decision. Before you apply, you can provide Admiral with a few details about yourself in order to find out your likelihood of being approved. This will not affect your credit score.

There are six steps to the application process:

  1. Use the Admiral personal loan calculator to get an estimate of the monthly cost of your loan.
  2. Complete the online application form – this should take around five minutes and will include questions about your identity, employment status, income and spending commitments.
  3. Upload any additional documents requested by Admiral. This might include bank statements or other evidence of your income.
  4. 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.
  5. If your application is accepted you will then need to sign a credit agreement, which you can do online or by post.
  6. Once you return your signed agreement, the money should be in your account within 3-5 working days.

Will you be approved?

Check your personalised rates and likelihood of acceptance.

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.

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