Our verdict
If you’re looking to get funds quickly the Post Office provides instant decisions and next day funding. Not to mention, with its low interest rates and flexibility over early repayments, the Post Office offers competitive loans. However, you’ll need good credit to be offered these low rates and there isn’t a repayment holiday option available. If you can’t make your repayments, you run the risk of damaging your credit score.Best for: Good credit
- Competitive interest rates
- Instant decisions
- Next day funding facility
- Flexibility over early repayment
- You’ll need good credit
- No repayment holiday option
- Tracking your loan could be easier

9.9% APR representative (Fixed)
Maximum loan
£40,000
Product fee
N/A
Early redemption fee
Yes