Important: JN Bank is no longer accepting any new applications. This page has been preserved for historical purposes, and you can compare a range of personal loans here If you’re an existing JN Bank customer, you should receive communication from JN Bank UK directly.
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.
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
Loan amount not specified
Loan terms
From year to years
Age eligibility
Age eligibility not specified
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
JN Bank is a UK-based lender that offers personal loans and savings accounts, with a focus on supporting the local community and offering fair and honest customer service.
JN Bank personal loans are offered from £1,000 to £15,000, but the amount you can borrow will depend on your application and credit history.
This will depend on the rate you receive and the length of your loan term. For example, a £5,000 loan with a rate of 16.9% over 4 years will have a monthly payment of around £141.
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Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
Wollit is a credit building service that aims to help improve your credit score by reporting your monthly plan payments to the UK’s 3 major credit reference agencies.
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