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Admiral personal loans
Ahoy there, mateys! Admiral is a popular provider of car insurance and is often seen advertising its insurance products on our television screens. But you can also set sail with Admiral to find personal loans at competitive rates.
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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 type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £25,000.00 |
| Loan terms | 1 Year to 5 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 |
How do Admiral’s loans hold up against the competition?
Table: sorted by representative APR, promoted deals first
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.
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.
How do I apply?
If you’ve decided that an Admiral personal loan is the best option for you, 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.
Popular questions about Admiral loans
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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