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Read the full methodologyPlease 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.
How do Halifax's loans compare against the competition?
See today's rates from across the personal loan market.
The Halifax Personal Loan charges 6.4% APR representative on loans between £7,500 and £25,000. Halifax offers the unsecured personal loan with repayment terms between 1 year and 7 years, and applicants can apply to borrow from £1,000 to £25,000.
The Halifax Existing Customer Personal Loan charges 6.4% APR representative on loans between £7,500 and £25,000. Halifax offers the unsecured personal loan with repayment terms between 1 year and 7 years, and applicants can apply to borrow from £1,000 to £50,000.
| Loan amounts | From £1,000 to £50,000 |
|---|---|
| Loan terms | From 1 year to 7 years |
| Age eligibility | 18 years and over |
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £50,000.00 |
| 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 |
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £50,000.00 |
| Loan terms | 1 year to 7 years |
| Loan rate type | Fixed |
| Product fee | 0% |
| Same-day funding available | |
| Same-day funding note | Subject to internet banking log on |
| 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 |
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 Halifax 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 Halifax gives to at least 51% of those who take out the loan. The other 49% could pay more. Halifax must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Halifax advertises a representative APR of 6.4% on loans between £7,500 and £25,000 on the Halifax Personal Loan and 6.4% on loans between £7,500 and £25,000 on the Halifax Existing Customer Personal Loan.
Named after the West Yorkshire town where it was founded as a building society in 1853, Halifax is now part of the Lloyds Banking Group, and a major player in the UK banking market. It’s also known for briefly making a cult star of Howard Brown, the former face of its TV advertising campaigns.
Whether you’re looking to buy a new car, consolidate debt, refurbish the kitchen, or take that desperately needed holiday, Halifax offers competitive and flexible fixed-rate loans.
They have been fantastic and clear in their help. They have been more than happy to assist me in all I have needed.”
You should only apply for a Halifax personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:
Halifax typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that Halifax considers. However, if you don't have a high credit score, you're very unlikely to get approved for a Halifax loan.
A "Good" or "Excellent" credit rating would require a score of 881 or higher if you're referring to Experian's scale, 531 or higher if you're referring to Equifax's scale and 604 or higher if you're referring to TransUnion's scale.
Yes, Halifax allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, Halifax also allows you to effectively "top up" your loan by closing your current loan and starting a new, larger loan. There's no penalty for repaying ahead of time, but bear in mind that any overpayments may be subject to up to 2 months of interest beyond the date on which you overpay. Because of this, it may work out cheaper to run a second loan alongside the first, rather than consolidating the 2.
Yes, you can make overpayments without incurring any penalty fee. However, Halifax can continue to charge interest for up to 2 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.
Make sure you have the following information handy for your application:
And to confirm your identity online (if you’re not an existing customer) you’ll need:
Yes, while it doesn’t offer dedicated debt consolidation loans, both new and existing customers can take out a Halifax personal loan to consolidate debt. As with a regular Halifax loan, new customers can borrow up to £25,000 for debt consolidation, while existing Halifax current account customers can borrow up to £35,000.
No. Halifax doesn’t offer second charge mortgages, which are also known as “homeowner loans” or “secured loans”. If you’re a homeowner with a mortgage, then a secured loan can let you leverage the equity you’ve built up in your home to access larger loan amounts and/or lower interest rates. These tend not to be offered by high street banks, but by long-standing specialist companies (Pepper Money (formerly Optimum Credit) is one of the best known). You can learn about secured loans and compare your options in our comprehensive guide.
In our independent 2025 customer satisfaction survey, 90% of Halifax’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s easy application process and competitive rates. Here’s what some of those Halifax customers had to say:
“Clear, quick, no extra fees, can overpay, great rate, integrates seemlessly into the app.”
“Easy to apply for and then manage through the app.”
“Good quality service with fair fees.”
You can contact customer support on 0345 604 7292. Lines are open from 8am-10pm, 7 days a week.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
Via customer survey commissioned by Finder
great service and apr rate
Via customer survey commissioned by Finder
Very good interest rate and easy to apply for
Via customer survey commissioned by Finder
I got the loan to assist with a deposit to move house
Via customer survey commissioned by Finder
It's been ok. Not negative, not positive.
Via customer survey commissioned by Finder
Easy to apply online
Via customer survey commissioned by Finder
Clear, quick, no extra fees, can overpay, great rate, integrates seemlessly into the app.
Via customer survey commissioned by Finder
Good quality service with fair fees
Via customer survey commissioned by Finder
Easy to apply for and then manage through app
Via customer survey commissioned by Finder
They have fairly good interest rates
Via customer survey commissioned by Finder
Simple and clear
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