Shawbrook Bank personal loans

Calculate the cost of a Shawbrook personal loan

Finder Score for unsecured loans

To make comparing even easier 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.

How do Shawbrook loans compare against the competition?

How much do you need to borrow?
£

10000

How long do you need to borrow for?

5

years

Sort by:

Product	Finder Score	Total Payable	Monthly Repayment	Representative APR
Novuna Personal Loan	Finder score 6.4Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.5% p.a. (fixed). Representative APR 6.5% and total payable £11,003.04 in monthly repayments of £305.64.	Check eligibilityView details Compare	loading Fetching your data...
My Community Bank Personal Loan	Finder score 6.6Standard				Representative example: Borrow £5,000 over 48 months at a rate of 24.2% pa (fixed). Representative APR 27.1% and total payable £7,853.87 in monthly repayments of £163.62.	Check eligibilityView details Compare	loading Fetching your data...
Fluro (formerly Lending Works) Personal Loan	Finder score 6.4Standard				Representative example: Assumed borrowing of £7,500.00 over 48 months at 17.9% APR representative. Monthly cost of £214.79. Total amount repayable of £10,309.78. Interest rate of 16.6% p.a.(fixed) and total fees of £150.00. Available for loan amounts between £5,000 - £25,000.	Check eligibilityView details Compare	loading Fetching your data...
thinkmoney Personal Loan	Finder score 5Standard				Representative example: If you borrow £29,100 over 12 years, initially on a fixed rate for 5 years at 8.885% and for the remaining 7 years on the Lender's standard variable rate of 9.285%, you would make 60 monthly payments of £375.53 and 84 monthly payments of £380.29.	View details Compare	loading Fetching your data...
Tesco Bank Personal Loan	Finder score 6.8Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.4% p.a. (fixed). Representative APR 6.4% and total payable £10,987.56 in monthly repayments of £305.21.	View details Compare	loading Fetching your data...
Zopa Personal Loan	Finder score 9.2Excellent				Representative example: Borrow £1,500.00 over 3 years at a rate of 22.9% p.a. (fixed). Representative APR 22.9% and total payable £2,028.60 in monthly repayments of £56.35.	View details Compare	loading Fetching your data...
Barclays Existing Current Account Loan	Finder score 5.9Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.5% p.a. (fixed). Representative APR 6.5% and total payable £11,003.04 in monthly repayments of £305.64.	View details Compare	loading Fetching your data...
Lloyds Bank Existing Customer Personal Loan	Finder score 7.4Great				Representative example: Borrow £10,000.00 over 3 years at a rate of 0.0% p.a. (fixed). Representative APR 0.0% and total payable £0.00 in monthly repayments of £0.00.	View details Compare	loading Fetching your data...
Plend personal loan	Finder score 6.6Standard				Representative example: Borrow £8,000 over 48 months at a rate of 16.66% p.a. (fixed). Representative APR 17.99% and total payable £11,013.12 in monthly repayments of £229.44.	View details Compare	loading Fetching your data...
Lendwise	Finder score 8.4Great				Representative APR 10% (fixed).	View details Compare	loading Fetching your data...
Tesco Bank Clubcard Personal Loan	Finder score 6.8Standard				Representative example: Borrow £10,000.00 over 3 years at a rate of 6.0% p.a. (fixed). Representative APR 6.0% and total payable £10,925.64 in monthly repayments of £303.49.	View details Compare	loading Fetching your data...

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Finder Score for unsecured loans

To make comparing even easier 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.

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 £1,000.00 to £50,000.00, 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 £15000.00 Per Annum.
• 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.

1. 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.
2. You will need to accept the quotation and agree to a full credit search to proceed with the application.
3. If the credit search is satisfactory, Shawbrook Bank will send you an e-signature pack, with loan documents for you to review and sign.
4. 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

• Is Shawbrook Bank trustworthy?

  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.

• Will getting a quote affect my credit rating?

  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.

• How soon can I get the money?

  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.

• Can I pay off a Shawbrook Bank personal loan early?

  Yes. You can pay off all or part of your loan early at any time, but an early repayment charge will apply.

• Who owns Shawbrook Bank?

  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.

Written by

Chris Lilly

Head of publishing

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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