John Lewis Money loan calculator

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Calculate the cost of a John Lewis Money loan

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Finder Score	Loan amounts	Loan terms	Fee	Repayments
Not yet rated John Lewis Money Personal Loan	Not yet rated	£1,000 - £50,000	1 year - 7 years	0%	£320.22 (£11,528.04 overall) Representative Example: Representative 9.9% APR fixed. Based on a loan of £10,000 for 36 months at 9.9% p.a. Total £11,528.04 repayable at £320.22 per month.	Representative Example: Representative 9.9% APR fixed. Based on a loan of £10,000 for 60 months at 9.9% p.a. Total £12,594.46 repayable at £209.91 per month.	Check eligibility View details Compare product selection Compare	loading

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• How our calculator works

  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.

John Lewis Money loan rates at a glance

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 1 year and 7 years, and applicants can apply to borrow from £1,000 to £50,000.

Key features of a John Lewis Money loan

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”.

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

• Can I increase my current borrowing?

  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.

• What can I use my online account for?

  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.

• What can’t I use a loan from John Lewis for?

  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

• When will I receive my loan?

  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.

• Can I repay my loan early?

  Yes. This can be done without racking up further costs, as John Lewis doesn’t charge any early settlement fees.

• What if I change my mind?

  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.

• Can I change my payment dates?

  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.

Written by

Chris Lilly

Head of publishing

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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. See full bio

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Chris has written 502 Finder guides across topics including:

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