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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.

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.

Want to quickly see which lenders can offer you a loan?

  • Good and bad credit histories accepted
  • 1 fast, simple form to compare multiple lenders
  • Quick loan funding with no hidden costs

warning icon Warning: late repayments can cause you serious money problems. See our debt help guides.

Key features of John Lewis Finance personal loans

  • Borrow £1,000-£25,000.
  • Borrow over 12-60 months.
  • Personalised quick quote with no impact on your credit rating. Find out how much you could borrow without affecting your credit score.
  • Fixed monthly repayments. All John Lewis loans are provided on a fixed-rate basis, so the amount you repay per month won’t change and you’ll know in advance how much the loan is going to cost overall.
  • Optional repayment holidays. Although it means paying more interest overall, John Lewis offers the opportunity to take a payment holiday once a year.
  • Quick decision. It could take as little as 15 minutes for a decision to be made about your loan.
  • Quick access to funds. Once you’ve been accepted for a John Lewis Loan, funds will be in your account within 3 days.
  • No early settlement fees. John Lewis don’t charge any fees for people who find they can repay early, and they sometimes let you off some of the interest too.

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”.

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 give them a call at 0345 266 1390 (Lines are open 7am-11pm).

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.

Frequently asked questions

*Disclaimer: The offers compared on this page are chosen from a range of products whose details Finder has access to track; they don't represent all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The terms "best", "top", "cheap" (and variations) are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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