Hitachi loans calculator and 2020 review

Hitachi Personal Finance believes in keeping things simple, and offers competitive fixed-rate personal loans so that you don't have to put your dreams on hold.


Hitachi Personal Finance

With its simple application process and quick payment times, Hitachi Personal Finance is a regular winner of the Your Money UK’s Best Direct Loan provider award. Proudly stating “We are not a bank”, it aims to put the “personal” back into “personal finance”. We’ve put together a page to check out what all the fuss is about.

Calculate the cost of a Hitachi loan

Will you be approved?

Check your personalised rates and likelihood of acceptance.
Name Product Total Payable Monthly Repayment Representative APR Link
Hitachi Personal Finance Hitachi Personal Loan
Check eligibility
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Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.

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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 is Hitachi Personal Finance?

Hitachi Personal Finance started out over thirty years ago providing manufacturers with innovative finance solutions. It now lends to UK borrowers too, with the mantra of keeping things as simple for you as possible. Call it Japanese minimalism if you like! Whether you’re buying a car, making home improvements, or celebrating a special event, Hitachi have a competitive loan that could get you there sooner.

Our calculator lets you pick how much you want to borrow, over a timeframe that suits you, to estimate how much you would pay back each month and overall. We base our calculations on Hitachi Personal Finance’s representative APR, but it’s important to note that credit is subject to status, and the actual rate you are offered will depend on Hitachi’s assessment of your circumstances.

Key features of Hitachi personal loans at a glance

Hitachi personal loans come with a fixed rate – meaning your monthly repayment figure won’t change throughout the term of the loan, and you’ll know in advance how much the loan is going to cost you overall. Here’s a quick overview of the loan:

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms2 Years to 5 Years
Loan rate typeFixed
Product 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

What is APR?

The Annual Percentage Rate (APR) is designed to provide an annual summary of the cost of a loan, and takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan. All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement. Because Hitachi doesn’t charge an arrangement fee, the interest rate and the APR are the same.

The APR can be a handy benchmark for consumers, but there’s a catch: lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.

Hitachi offers a fairly competitive, low representative APR, with loans aimed at those with excellent credit. Its sister company, beSavvi, offers loans for people with lower credit scores.

Am I eligible for a Hitachi personal loan?

You should only apply for a Hitachi personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

  • You are aged 21 or over
  • You have a bank or building society account
  • You are a permanent UK resident (and have been living in the UK for at least 12 months)
  • You are in permanent paid employment, self-employed or retired with a pension
  • You have a good credit history

How can I apply?

One of the best things about Hitachi personal loans is the super-simple and quick application process. A decision on your application is usually made immediately. Before you start, have these personal details ready:

  • Annual income
  • Employment details
  • Bank account details
  • Last 5 years’ address history

Once your loan is accepted, Hitachi will have the money to you within 48 hours.

Alternatively, you can also apply by phone if you call 0343 351 9112, although this may take a little longer.

Frequently asked questions

Will you be approved?

Check your personalised rates and likelihood of acceptance.

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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