John Lewis Finance Personal Loans

It might be better-known for its high-end homewares, but John Lewis has broken into the finance industry. In fact it's now offering some pretty luxury rates on personal loans.


John Lewis Financial Services

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Name Product Total Payable Monthly Repayment Representative APR Link
John Lewis Financial Services Personal Loan
John Lewis Financial Services Personal Loan
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Representative example: Borrow £10,000.00 over 3 years at a rate of 2.9% p.a. (fixed). Representative APR 2.9% and total payable £10,447.20 in monthly repayments of £290.20.

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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 are John Lewis loans?

Well over 150 years since opening as a drapery store, John Lewis is still going strong as one of Britain’s best loved brands. John Lewis Finance, a partnership with HSBC since 2014, brings the brand’s trusted, home-grown image to the financial sector with credit cards, insurance, and loans products.

Despite being a relatively new fixture in the financial industry, John Lewis Finance personal loans have been given a 5 star rating by Defaqto, are available to existing and new customers, and come from one of the most trusted names on the high street. Whatever it is that you could use some extra cash for, John Lewis Finance offer loans from £1,000-£25,000 at highly competitive rates.

Key features of a John Lewis personal loan at a glance

John Lewis offers “unsecured” personal loans, which means that loan approval is based on individual creditworthiness rather than being secured on an asset such as a property. They have a fixed rate, which means that the amount you have to pay each month won’t change. Here’s a quick rundown:

The interest rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms1 Year 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
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.4% p.a. (fixed). Representative APR 6.4% and total payable £10,987.56 in monthly repayments of £305.21.

What is APR?

If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It 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, so for consumers it can be a handy tool for comparison.

Bear in mind, however, that 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.

Am I eligible for a John Lewis Finance personal loan?

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

  • Aged 18 years or over
  • UK resident with a UK bank account
  • Gross annual income or pension of £10,000 or more

How can I apply?

Before applying for a John Lewis Finance personal loan you’ll need your:

  • UK bank account details
  • Home addresses for the last three years (including British Forces Post Office or overseas addresses)
  • Details of your gross annual income (minimum £10,000 per annum), and, if you’re employed, your employer’s address

If you have an existing John Lewis Partnership Card or Personal Loan, it’ll help speed up your application if you have your card or account number to hand.

If you’ve decided a John Lewis Finance personal loan is for you, and you have to hand all the above information, you can apply online or call 0345 266 1390 (Lines are open 7am-11pm).

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.

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