Use our John Lewis Money loan calculator to evaluate how much you'd pay back on a fixed-rate, unsecured John Lewis Money personal loan as a new or existing customer. Loan amounts between £1,000 and £50,000 with rates starting from 9.9%.
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Our calculator lets you pick how much you want to borrow over a time frame that suits you, so you can estimate how much you would pay back each month and pay back overall. We base our calculations on John Lewis Money’s representative APR, but it’s important to note that your circumstances can affect the rate you’re offered.
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.
How do John Lewis Money loans compare against the competition?
See today's rates from across the personal loan market.
The John Lewis Money Personal Loan charges 9.9%APR representative on loans between £1,000 and £50,000. John Lewis Money offers the unsecured personal loan with repayment terms between 1year and 7years, and applicants can apply to borrow from £1,000 to £50,000.
Key features of a John Lewis Money loan
Loan type
Unsecured Personal Loan
Loan amounts
£1,000 to £50,000
Loan terms
1 year to 7 years
Loan rate type
fixed
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,Standing order,Electronic transfer
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”.
APR and Representative APR explained
The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because John Lewis Money doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.
However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what John Lewis Money gives to at least 51% of those who take out the loan. The other 49% could pay more. John Lewis Money must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
John Lewis Money advertises a representative APR of 9.9% on loans between £1,000 and £50,000 on the John Lewis Money Personal Loan.
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 Money have released its new loan, a partnership with Zopa Bank.
Whatever it is that you could use some extra cash for, John Lewis Money offer loans from £1,000 to £50,000 at highly competitive rates.
Am I eligible for a John Lewis Money personal loan?
You should only apply for a John Lewis Money 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
Minimum income of £12,000
How can I apply?
Before applying for a John Lewis Money personal loan you’ll need your:
UK bank account details
Home addresses for the last 3 years (including British Forces Post Office or overseas addresses)
Details of your gross annual income (minimum £12,000 per annum), and, if you’re employed, your employer’s address
If you have an existing John Lewis Partnership Card, it’ll help speed up your application if you have your card or account number to hand.
If you’ve decided a John Lewis Money personal loan is for you, and you have to hand all the above information, you can apply online or call 0330 123 3396. Lines open:
Monday to Friday 8am – 7pm
Saturday 8:30am – 7pm
Sunday & bank holidays 10am – 2pm
John Lewis Money customer reviews
John Lewis Money has received positive reviews from customers, according to review platform Trustpilot. It currently has a rating of 3.9 out of 5, based on more than 12,000 reviews (updated October 2024). Customers praised its helpful customer service, but others cited long applications.
Frequently asked questions
Yes, John Lewis does offer further borrowing to its existing loan customers if it’s deemed affordable. This does come with a warning that interest on further loans may be higher than on the original loan.
John Lewis Money offers a great range of services through its online accounts system, on which you can manage your account and:
View your current balance
View recent transactions and any previous annual statements
Make payments to your loan
Request an early settlement quote
Amend your Direct Debit bank details
Please note: you won’t be able to use an online account if you live overseas.
John Lewis does not lend for:
Purchase or financing of timeshares
Purchase of a UK or foreign property
Business purposes
Stock market investment
Gambling
Illegal purposes
Deposits to support a mortgage application with a lender
Any mortgage payments, including repaying negative equity
Refinance of loans arranged through the Student Loan Company
Once your application has been approved and your identity checked, John Lewis will provide you with an agreement to sign either digitally or in the post. Once the signed agreement has reached John Lewis, the money will be transferred to your bank account in about three working days.
Yes. This can be done without racking up further costs, as John Lewis doesn’t charge any early settlement fees.
If you don’t want the loan anymore, you can withdraw from the loan agreement within 14 days of signing it. After this period, you’ll be bound by the terms of the loan, at which point you may consider repaying the loan early.
Yes. To change your direct debit dates. call John Lewis on 0330 123 3396, allowing 10 working days before the next repayment for the change to be made.
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. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.
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