Halifax loan calculator

Use our Halifax loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured Halifax personal loan as a new or existing customer. Loan amounts between £1,000 and £50,000 with rates starting from 6.4%.

3.8 ★★★★★ (393 reviews) Write a review
Halifax

Leave a review

Your review

Thanks for your review.
Close

Read Terms and Conditions here

Table: sorted by representative APR, promoted deals first
2 of 2
Product Finder Score Loan amounts Loan terms Fee Repayments
Halifax logo
Finder score
Finder score
£1,000 - £25,000
1 year - 7 years
0%
N/A
Representative Example: Representative 6.4% APR fixed. Based on a loan of £10,000 for 48 months at 6.22% p.a. Total £11,321.28 repayable at £235.86 per month.
More info
Compare product selection
Halifax logo
Finder score
Finder score
£1,000 - £50,000
1 year - 7 years
0%
N/A
Representative Example: Representative 6.4% APR fixed. Based on a loan of £10,000 for 48 months at 6.22% p.a. Total £11,321.28 repayable at £235.86 per month.
More info
Compare product selection
loading
Showing 2 of 2 results

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.

How do Halifax's loans compare against the competition?

See today's rates from across the personal loan market.

Halifax loan rates at a glance

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.

Quick overview of Halifax personal loans

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

Breakdown by loan

Loan typeUnsecured Personal Loan
Loan amounts£1,000 to £25,000
Loan terms1 year to 7 years
Loan rate typefixed
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
Loan typeUnsecured Personal Loan
Loan amounts£1,000 to £50,000
Loan terms1 year to 7 years
Loan rate typefixed
Fee0%
Same-day funding available
Same-day funding noteSubject 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 methodsDirect debit

APR and Representative APR explained

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.

What is Halifax?

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.”

Halifax customer in Finder's 2021 survey

Am I eligible for a Halifax personal loan?

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:

  • You must be aged 18 or over.
  • You must be a UK resident (excluding the Channel Islands and the Isle of Man).
  • You must be in paid employment, or have a regular income.
  • You must not be in full time education.
  • You must not have been declined for credit in the last month.
  • You must not have a history of bad credit.

What credit score do I need to get a Halifax loan?

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.

Do Halifax loans give an instant decision?

Yes, Halifax offers instant decisions online in most cases. (Occasionally, more information 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. Halifax can also offer same-day funding of your loan.

Can I get a second Halifax loan?

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.

Can I make overpayments on a Halifax loan?

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.

How do I apply?

Make sure you have the following information handy for your application:

  • Your address details for the past three years.
  • Your current employment details, if in employment.
  • Your monthly income and monthly outgoings.
  • Your UK bank or building society account details.

And to confirm your identity online (if you’re not an existing customer) you’ll need:

  • Valid UK passport or UK driving licence (including provisional driving licence) with photo.
  • Smartphone or tablet with camera.
  • A pen and paper.

Does Halifax offer debt consolidation loans?

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.

Can I get a Halifax homeowner loan?

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.

Halifax customer reviews

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.”

Halifax customer support

You can contact customer support on 0345 604 7292. Lines are open from 8am-10pm, 7 days a week.

Frequently asked questions

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.

Your reviews

3.8
★★★★★(0)
5
4
3
2
1

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.

10 of 393 reviews

★★★★★ Dania (Norwich) 6 months ago

Via customer survey commissioned by Finder

great service and apr rate


★★★★★ Noah (London) 6 months ago

Via customer survey commissioned by Finder

Very good interest rate and easy to apply for


★★★★★ Phill (Birmingham) 6 months ago

Via customer survey commissioned by Finder

I got the loan to assist with a deposit to move house


★★★★★ Henry (Nottingham) 6 months ago

Via customer survey commissioned by Finder

It's been ok. Not negative, not positive.


★★★★★ Samantha (London) 6 months ago

Via customer survey commissioned by Finder

Easy to apply online


★★★★★ Carrie (Birmingham) 6 months ago

Via customer survey commissioned by Finder

Clear, quick, no extra fees, can overpay, great rate, integrates seemlessly into the app.


★★★★★ Jane (Liverpool) 6 months ago

Via customer survey commissioned by Finder

Good quality service with fair fees


★★★★★ Morris (Leeds) 6 months ago

Via customer survey commissioned by Finder

Easy to apply for and then manage through app


★★★★★ Olivia (London) 6 months ago

Via customer survey commissioned by Finder

They have fairly good interest rates


★★★★★ James (London) 6 months ago

Via customer survey commissioned by Finder

Simple and clear


Chris Lilly's headshot
Written by

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 540 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
  • Share trading

More guides on Finder

  • Virgin Money loan calculator

    You can borrow from £1,000 to £35,000 with a Virgin Money personal loan over up to 7 years.

  • Capital One personal loan alternatives

    Capital One may not offer personal loans in the UK, but here are alternative options for those with less than perfect credit.

  • Personal loans with no fees

    Everything you need to know about personal loans that charge no fees.

  • Caravan finance and loans

    Hoping to buy a caravan, but worried about what it’ll do to your wallet? We’ve got the guide to ease those worries, so you can look forward to making lasting memories.

  • Compare laptop loans

    In need of a new computer but not sure how you can afford it? Whether your computer is broken beyond repair or you need one with more storage, we’ve put together a guide to help you find the best laptop loan for you.

  • Norwich Trust loan calculator

    Find out if a Norwich Trust homeowner loan is right for you. We walk you through the key features, eligibility and how to apply in this handy guide.

  • Loans for boilers

    Need a new boiler but can’t afford it? We’ve got the guide to help, with everything you need to know about loans, boiler finance schemes and other ways that you can afford a new boiler.

  • Shawbrook Bank personal loans

    Shawbrook Bank is an alternative to traditional high-street lenders, and offers fixed-rate, unsecured personal loans between £1,000 to £50,000 at competitive rates.

  • TSB loan calculator

    Fast, simple comparison of TSB fixed-rate personal loans with services from a range of UK lenders. Secure a competitive rate and apply online.

  • Compare low-interest personal loans

    See which online lenders offer personal loans with low interest rates and learn how to get a loan with minimum interest.

Go to site