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How we picked theseTo make it even easier to compare and evaluate unsecured loans we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyPlease note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
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How do MBNA loans compare against the competition?
See today's rates from across the personal loan market.
The MBNA Ltd Personal Loan charges 8.7% APR representative on loans between £7,500 and £25,000. MBNA Limited offers the unsecured personal loan with repayment terms between 1 year and 7 years, and applicants can apply to borrow from £1,000 to £25,000.
| Loan type | Unsecured Personal Loan |
|---|---|
| Loan amounts | £1,000 to £25,000 |
| 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 |
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 MBNA Limited 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 MBNA Limited gives to at least 51% of those who take out the loan. The other 49% could pay more. MBNA Limited must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
MBNA Limited advertises a representative APR of 8.7% on loans between £7,500 and £25,000 on the MBNA Ltd Personal Loan.
MBNA is a subsidiary of Lloyds Banking Group, and was originally founded in 1982 as the Maryland National Bank. It now offers financial products including credit cards and personal loans, but in the case of loans only acts as a broker, with Lloyds as the lender.
To be eligible for an MBNA personal loan, you’ll need to meet the following criteria:
MBNA typically offers loans to applicants with high credit scores. It's important to note that your credit record is just one factor that MBNA considers. However, if you don't have a high credit score, you're very unlikely to get approved for an MBNA 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.
Yes, MBNA offers instant decisions online in most cases. (Occasionally, more information may be required.) First, you can use the soft-search eligibility checker to find out your chances of getting approved. (This won't affect your credit score.) Then, if you opt to go ahead and apply, you'll get an instant answer. MBNA can also offer same-day funding of your loan.
Yes, MBNA allows you to have more than one loan running at the same time. Each application for credit will be considered on its own merit. Alternatively, MBNA also allows you to effectively "top up" your loan by closing your current loan and starting a new, larger loan. There's no penalty for repaying ahead of time, but bear in mind that any overpayments may be subject to up to 2 months of interest beyond the date on which you overpay. Because of this, it may work out cheaper to run a second loan alongside the first, rather than consolidating the 2.
Yes, you can make overpayments without incurring any penalty fee. However, MBNA 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.
If you've decided that a personal loan from MBNA Limited is right for you, you can head over to MBNA Limited's website to apply. Completing the secure online application form usually takes about 15 minutes. In most cases MBNA Limited will give an instant decision. Before you apply, you can provide MBNA Limited with a few details about yourself to find out your likelihood of being approved. This will not affect your credit score.
You’ll need to provide personal and financial details, including your:
If you’re approved for a loan, you’ll then receive the funds within five business days.
80% of customers we surveyed in 2026 would recommend MBNA to a friend.
It offers a hassle-free online application process with relatively fast access to funds. Customers appreciate the long repayment term options and the user-friendly app, which easily links with existing MBNA credit card accounts for simple administration.
While the customer service is generally praised, some users reported receiving automated missed-payment emails in error, and a few felt the interest rates were higher than average.
AI-generated summary from the text of customer reviews on Finder.
You can call customer support on 0330 678 1430. Lines are open 8am-8pm Monday to Friday and 9am-5pm Saturday and Sunday.
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