Abound is looking to make personal lending more accessible, offering loans based on what you can afford to repay, not your credit score.
Abound rebranded in 2022 and was previously known as Fintern. If you’re an existing Fintern customer, don’t panic, you don’t need to do anything differently and can still repay your loan through the Fintern app, however if you’re eagle-eyed, you might have noticed that your statements have automatically transferred over to Abound.
We currently don't have that product, but here are others to consider:
How we picked theseTo make it even easier to compare and evaluate unsecured loans 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 methodologyPlease note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
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How do Abound loans compare against the competition?
See today's rates from across the personal loan market.
The Abound Personal Loan charges 21.8% APR representative on loans between £5,000 and £12,000. Abound offers the unsecured personal loan with repayment terms between 1 year and 5 years, and applicants can apply to borrow from £2,000 to £12,000.
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £2,000 to £12,000 |
| Loan terms | 1 year to 5 years |
| Loan rate type | fixed |
| Fee | From £100 – £100 |
| 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 | Continuous payment authorisation |
The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Abound doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.
However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Abound gives to at least 51% of those who take out the loan. The other 49% could pay more. Abound must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Abound advertises a representative APR of 21.8% on loans between £5,000 and £12,000 on the Abound Personal Loan.
Abound is a personal lender based in the UK that offers low cost loans for customers who have struggled to get approved for personal loans from traditional lenders. Instead of approving you based on your credit score, Abound aims to offer personalised loans based on how much you can afford to borrow.
Abound offers unsecured loans from £2,000 to £12,000, with loan terms of up to and a representative 25.8% APR (variable). Unlike most lenders, Abound does not base its lending decisions on your credit score. Instead it uses AI and Open Banking to determine how much you can afford to borrow. As a result, Abound loans are available to those with both good and bad credit history.
Abound doesn’t give you a set monthly repayment plan when offering a loan. Instead, the Abound app will calculate the cost and length of your loan and suggest how much you repay a month, and how long it would take to repay if you made higher repayments each month.
Abound is a lender, not a broker. Therefore it offers loans directly to customers.
Abound Ltd is authorised and regulated by the Financial Conduct Authority (FCA). It uses consents.online’s Open Banking tool, which is subject to UK and EU data protection laws and regulated by the FCA.
When you allow Abound to access your financial information via Open Banking, it will only have secure read-only access to your historical banking data.
You can use a Abound loan for any worthwhile purpose. This could include covering the cost of large purchases or expenses such as a car, holiday, wedding, home renovations or general costs. As with most lenders, you won’t be able to use a Abound personal loan for gambling, investing or any illegal activities.
To be eligible for a Abound loan, you’ll need to meet the following criteria:
When you apply for a loan, Abound will assess your eligibility using Open Banking and determine how much you can afford to borrow. It uses your banking and financial history to calculate what you can afford to pay each month, then gives you a minimum and maximum monthly payment amount.
Abound will also perform a “soft” credit check when you apply for a loan, but this has no impact on your credit score.
Abound states that it can take a day to get a decision on your Abound loan application. Once your application has been approved, you should receive your funds within 48 hours, but it may take up to 7 days.
Unlike regular personal loans that offer a fixed monthly repayment, Abound loans allow you to adjust how much you pay each month, within a specific range. Your repayments are collected via a continuous payment authority (CPA), which is a form of direct debit that is taken from your bank account.
Yes, you can repay your loan early or make additional repayments without being charged any fees.
Yes, you can also request a payment holiday for up to two months at any time by using the Abound app. This will need to be approved by Abound and you’ll be charged £15 for a one-month payment holiday, and £30 for a two-month payment holiday.
Interest will also continue to accrue during the repayment holiday. Once the holiday period has finished, you can choose to either extend the length of your loan term or increase the size of your monthly repayments.
Its worth highlighting that you’ll need to download the Abound app to apply for and pay back a loan. You can also request repayment changes, payment holidays, making additional repayments and reviewing your loan. The app is free to use and availabe on both the App store and Google Play Store.
In our 2025 customer satisfaction survey, 87% of Abound customers said they’d recommend the brand to a friend.
Several customers in our survey commented positively on Abound’s overall service. One commented: “Easy to set up, easy to access documents online and make over payments with clear information on how this will alter payments or interest to be paid.”
Abound promises to offer competitive, personalised loans that are calculated on your ability to repay and not your credit score, which could make it a worthwhile option for borrowers with poor or limited credit history.
With its innovative approach to loan repayments, Abound could also help customers looking for more flexibility in how and when they repay their loan.
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