Use our Shawbrook Bank loan calculator to evaluate how much you'd pay back on a fixed-rate, unsecured Shawbrook Bank personal loan as a new or existing customer. Loan amounts between £1,000 and £50,000 with rates starting from 14.1%.
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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 Shawbrook Bank’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 Shawbrook Bank loans compare against the competition?
See today's rates from across the personal loan market.
The Shawbrook Bank Personal Loan charges 14.1%APR representative on loans between £1,000 and £50,000. Shawbrook Bank 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 Shawbrook Bank 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
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 Shawbrook Bank 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 Shawbrook Bank gives to at least 51% of those who take out the loan. The other 49% could pay more. Shawbrook Bank must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Shawbrook Bank advertises a representative APR of 14.1% on loans between £1,000 and £50,000 on the Shawbrook Bank Personal Loan.
What is Shawbrook Bank?
Established in 2011, Shawbrook Bank is a specialist bank offering an alternative to traditional high-street lenders, working directly with both consumers and through a broker network.
Although a young company, it describes itself as offering “the old-fashioned quality of good sense”, combined with a focus on providing a personalised service to customers. Shawbrook Bank offers personal loans between £1,000 to £50,000, guaranteeing fixed rates and fixed monthly repayments over the term of the loan. What sets it apart from other lenders is the case-by-case approach to rates, amounts and terms – Shawbrook Bank says it looks at every customer individually.
Shawbrook offers both secured and unsecured personal loans, so whether you’re consolidating debt, improving your home, upgrading your car, or planning some other major expenditure, a personal loan from Shawbrook Bank could be an option.
Am I eligible for a Shawbrook Bank personal loan?
You should only apply for a Shawbrook Bank loan if you are certain you can meet the repayment schedule, and you meet the following criteria:
You must have been a UK resident for at least 3 years.
You must be aged between 21-75.
You must have an annual income of at least £15,000.
You must have a UK based personal bank account.
How do I apply?
If you think that a Shawbrook Bank personal loan is the right choice for you, there are four simple steps to the online application process.
Apply for a personalised quotation at www.shawbrook.co.uk. Shawbrook Bank will then ask you to provide more information, such as your bank account details and your residential address for the last three years.
You will need to accept the quotation and agree to a full credit search to proceed with the application.
If the credit search is satisfactory, Shawbrook Bank will send you an e-signature pack, with loan documents for you to review and sign.
Once you return your signed documents, the money will be in your account within 3 working days.
Shawbrook Bank customer reviews
Online customer reviews are for Shawbrook as a Bank, but include its loans service. On Trustpilot, Shawbrook Bank has 4.7 out of 5 stars and a rating of “excellent”, based on more than 8,000 reviews. Things are a little better on similar review platform Feefo, where the bank has 4.9 out of 5 stars, based on more than 110 reviews over the last year (updated June 2023).
Customer support
For new customers, you can call Shawbrook on 0345 600 6260. Lines are open Mon – Fri 9am – 7pm, Sat 10am – 2pm and closed on Sunday. For existing customers, you can contact customer support on 0345 650 6290 where lines are open Mon – Thurs 8am – 8pm, Fri 8am – 6pm, Sat 9am – 2pm and closed on Sunday.
Some typical questions about Shawbrook Bank personal loans
Shawbrook Bank Ltd is a specialist bank regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), so your money is safe.
No. If you apply for a quotation online Shawbrook Bank will make a “soft credit search”, also known as a “quotation search” of your credit file. This will not leave any traces that are visible to other lenders, although they will be visible to you.
If your loan application is successful, Shawbrook Bank will transfer the funds into your bank account within 3 working days of the signed loan documents being received.
Yes. You can pay off all or part of your loan early at any time, but an early repayment charge will apply.
Shawbrook Bank is an operating entity of Shawbrook Group PLC which is owned by a consortium led by BC Partners and Pollen Street Capital. They took over the business in July 2017.
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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.
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