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.
JN Bank personal loans review
JN Bank offers personal loans with a focus on flexible repayment options, but what rate can you expect?
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JN Bank loan rates at a glance
The JN Bank Homeowner Personal Loan charges 13.9% APR representative on loans between £1,000 and £15,000. JN Bank offers the loan with repayment terms between 1 and 5 years, and applicants can apply to borrow from £1,000 to £15,000.
Key features of JN Bank homeowner personal loan
Once you’ve been approved, your loan will generally be funded within two working days, and you can manage your loan online.
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000.00 to £15,000.00 |
| 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 |
Am I eligible for a JN Bank personal loan?
To be eligible for a JN Bank personal loan, you’ll need to meet the following criteria:
- Be a homeowner with or without a mortgage
- Be at least 21 years old
- Have been a UK resident for at least two years
- Have a monthly income of at least £1,000 (after tax)
- Have an email address and UK phone number
- Have a UK bank account
How can I get a loan from JN Bank?
You can apply for a JN Bank personal loan online via the JN Bank website. You’ll need to provide certain personal information when you apply, including the following:
- Your name and contact details
- Your bank account details
- Information on your employment and income
- Your monthly spending
Pros and cons
Pros
- Early repayment option
- Quick approval
Cons
- Relatively strict eligibility criteria
- Limited loan amounts
Already a JN Bank customer?
If you’re an existing JN Bank customer, you could be eligible to apply for additional loans up to £15,000. These loans are subject to 9 month’s repayments, no defaults and you will need to meet the usual eligibility criteria mentioned above.
If you meet the criteria, JN Bank now offers “auto accepts”, meaning that you could be immediately approved and funds could be in your account within 30 minutes (subject to eligibility criteria).
Customer service
You can contact JN Bank’s customer service by calling on 0808 196 1945 between 2am and 8pm, Monday to Friday (except Bank Holidays), or by emailing complaints@jnbank.co.uk. JN Bank also have a online chat service.
JN Bank customer reviews
JN Bank has received positive reviews from customers, according to review platform Trustpilot. It currently has an “excellent” rating of 4.8 out of 5, based on more than 1,400 reviews (updated July 2023). Some customers praised the quick and easy loan application process, while others highlighted its excellent and helpful service.
Quick overview of JN Bank personal loans
| Representative APR | 13.9% |
|---|---|
| Loan terms | From 1 year to 5 years |
| Loan amounts | From £1,000 to £15,000 |
| Age eligibility | 21 years and over |
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
What credit score do I need to get a JN Bank loan?
JN Bank typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that JN Bank considers. However, if you don't have a high credit score, you're very unlikely to get approved for a JN Bank 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 JN Bank loans give an instant decision?
No. Currently, decisions aren't instant. However, you can use the soft-search eligibility checker to instantly find out your chances of getting approved. (This won't affect your credit score.)
Can I get a second JN Bank loan?
JN Bank doesn't allow you to run multiple loans at the same time.
Can I make overpayments on a JN Bank loan?
Yes, you can make overpayments without incurring any penalty fee. However, JN Bank 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.
More frequently asked questions
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