Capital One personal loan alternatives

Big banks aren't your only option for getting the funds you need. Explore personal loans alternatives in the UK here.

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Capital One is known globally for serving the fair and poor credit markets with loans and credit cards. However, it doesn’t offer personal loans in the UK. To make sure you can still pay for that dream wedding venue, new car or any other large personal costs, we take you through some other options.

Why doesn’t Capital One offer personal loans?

Capital One does not offer personal loans and recently ended its mortgage program as well. This could be part of a larger trend of big banks moving away from lending in general since the 2008 financial crisis. It also could be that Capital One just wants to focus on what it’s best known for: credit cards. Or, it’s possible the bank shifted its focus to experiments like the Capital One Cafe, a combination of a coffee shop and local bank branch meant to appeal to millennials.

Compare non-mainstream lenders

Table: sorted by representative APR, promoted deals first
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Product Finder Score Loan amounts Loan terms Fee Repayments
118 118 Money logo
Finder score
Finder score
£1,000 - £5,000
1 year - 3 years
0%
£170.78 (£6,148.23 overall)
Representative Example: Representative 49.9% APR fixed. Based on a loan of £3,500 for 36 months at 49.9% p.a. Total £6,148.23 repayable at £170.78 per month.
Representative Example: Representative 49.9% APR fixed. Based on a loan of £2,000 for 24 months at 41.2% p.a. Total £2,967.43 repayable at £123.64 per month.
Check eligibility More info
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Loans by Mal logo
Finder score
Finder score
£1,000 - £5,000
1 year - 3 years
0%
£188.83 (£6,798.04 overall)
Representative Example: Representative 62.8% APR fixed. Based on a loan of £3,500 for 36 months at 62.8% p.a. Total £6,798.04 repayable at £188.83 per month.
Representative Example: Representative 62.8% APR fixed. Based on a loan of £2,400 for 24 months at 30.7% p.a. Total £3,873.6 repayable at £161.4 per month.
Check eligibility More info
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Bamboo logo
Finder score
Finder score
£2,000 - £15,000
1 year - 5 years
0%
£170.50 (£6,138.01 overall)
Representative Example: Representative 49.7% APR fixed. Based on a loan of £3,500 for 36 months at 49.7% p.a. Total £6,138.01 repayable at £170.5 per month.
Representative Example: Representative 49.7% APR fixed. Based on a loan of £2,500 for 24 months at 41% p.a. Total £3,703.74 repayable at £154.38 per month.
Check eligibility More info
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Salad logo
Finder score
Finder score
£300 - £2,000
6 months - 2 years
0%
N/A
Representative Example: Representative 79.5% APR fixed. Based on a loan of £1,000 for 18 months at 59.97% p.a. Total £1,548.18 repayable at £86.01 per month.
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JustUs logo
Finder score
Not yet rated
JustUs Personal Loan
Finder score
Not yet rated
£2,000 - £25,000
2 years - 5 years
product.FEES.FEE
N/A
Representative Example: Representative 13.01% APR fixed. Based on a loan of £10,000 and £250 arrangement fee for 60 months at 11.5% p.a. Total £13,723.39 repayable at £228.72 per month.
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Abound logo
Finder score
Finder score
£1,000 - £10,000
1 year - 5 years
From £130 – £130
£132.22 (£4,759.90 overall)
Representative Example: Representative 25.8% APR fixed. Based on a loan of £3,500 and £130 arrangement fee for 36 months at 20.2% p.a. Total £4,759.9 repayable at £132.22 per month.
Representative Example: Representative 25.8% APR fixed. Based on a loan of £2,000 and £130 arrangement fee for 36 months at 20.2% p.a. Total £2,793.6 repayable at £77.6 per month.
Check eligibility More info
Compare product selection
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

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.

What other options do I have?

If you feel let down by mainstream lenders, either because you don’t meet eligibility criteria or because your credit history is less than perfect, then the good news is that there are serveral lenders in the UK that are aiming to help. Lenders such as Lendable – a peer-to-peer lending service – provide fast, secure, personalised service that can provide an option when your credit is less than perfect. Requesting a quote takes just a few minutes and its soft credit search option means it will not affect your credit rating.

With an emphasis on building or rebuilding your credit history, specialist lenders often assess applicants more on how affordable a loan would be than their credit rating. However the downside is that because of the higher risk these loans represent to the lender, realistically, interest rates are likely to be significantly higher.

While these loans generally come with a higher interest rate, as they represent a greater risk to a lender, they are more readily available to people who might struggle to get finance through the regular lending streams.

What is Peer-to-Peer Lending

Peer-to-peer platforms cut out the institutional “middle man”, bringing together lenders seeking bank-beating interest rates and responsible borrowers. Because these companies don’t have the same overheads as big high street banks, they are sometimes able to offer better rates.

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 is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
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Salman Haqqi wrote for Finder about a range of subjects from holiday destinations to credit cards. See full bio

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