Use our Salad loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured Salad personal loan as a new or existing customer. Loan amounts between £300 and £2,000 with rates starting from 59.9%.
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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 Salad’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 Salad loans compare against the competition?
See today's rates from across the personal loan market.
The Salad personal loan charges 59.9%APR representative on loans between £2,000 and £2,000. Salad offers the unsecured personal loan with repayment terms between 6months and 2years, and applicants can apply to borrow from £300 to £2,000.
Overview of features
Loan type
Unsecured Personal Loan
Loan amounts
£300 to £2,000
Loan terms
6 months to 2 years
Loan rate type
fixed
Product fee
0%
Same-day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Repayment methods
Direct debit
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 Salad 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 Salad gives to at least 51% of those who take out the loan. The other 49% could pay more. Salad must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Salad advertises a representative APR of 59.9% on loans between £2,000 and £2,000 on the Salad personal loan.
What is Salad?
Salad is a short-term lender focused on offering “fair, affordable” loans to those in full time employment with impaired credit up to £2,000.
How does Salad work?
Salad offers unsecured loans up to £2,000, with loan terms of either 6 months to 2 years. When assessing your loan application, Salad uses Open Banking to access your financial data and history and assess your suitability for a loan.
If your application is successful, you’ll receive your funds by the same day, and you’ll then need to pay off your loan via monthly or weekly repayments (aligned with application payment frequency).
What is Open Banking?
Open Banking is the name given to changes to the financial services industry that makes it easier for you to share your banking and financial data with UK banks and providers. This includes your everyday spending and saving. Open Banking aims to improve competition and innovation in the banking sector and to help you get a better deal on financial products.
Pros and cons of Salad loans
Pros
Affordability. Salad focus on offering “fair, affordable” loans to those in full time employment with impaired credit.
Low credit scores considered. Salad recognises that full time workers should be defined by more than their credit scores
Same day funds availableIf your application is successful, you’ll receive your funds on the same day.
Cons
Higher interest rates. Bad credit loans tend to come with higher interest rates compared to standard loans.
Am I eligible?
Available to
New or existing customers
Age
18 or over
Min. income
18000
Additional requirements
You must have 6 months consecutive employment You must be paid in weekly or monthly payements Able to login online to your bank account your salary is paid into
How can I apply?
First, you can use this eligibility checker to find out if you’d be likely to get approved for a Salad loan. This won’t impact your credit score.
Salad customer reviews
Salad has received very positive reviews from customers, according to review platform Trustpilot. It currently has a rating of 4.9 out of 5, based on more than 8,000 reviews (updated August 2024). Customers praised its good, trustworthy service and quick responses and funding.
Customer support
You can contact Salad through their email: help@cs.saladmoney.co.uk or by phone: 0203 092 0896.
Frequently asked questions
Salad’s initial application process does not affect your credit score. If your application for a loan is approved you can then opt in to share your data with Credit Reference Agencies which may improve your credit score if you repay your loan amounts in time.
Yes, this is a mandatory requirement to get a salad loan – there is no other method to apply for one.
Yes, you can repay your entire loan amount early without being charged an additional fee or penalty.
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.
Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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