thinkmoney loans review

thinkmoney is a UK broker offering personal loans up to £25,000 to its current account customers.

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Our verdict

Thinkmoney loans allow borrowers to access funds starting from as little as £100 and provide options for both unsecured and secured loans. However, there's a monthly fee of £10.95 associated with these loans, which could impact affordability for some borrowers. Additionally, Thinkmoney loans are exclusively available to existing customers, limiting accessibility for new applicants. It's always best to compare alternative options before deciding on a loan.
  • Borrow from as little as £100
  • Offers unsecured and secured loans
  • £10.95 monthly fee
  • Existing customers only
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.
thinkmoney Personal Loan

Maximum loan


Product fee


Who is thinkmoney?

Previously known as thinkbanking, thinkmoney is a Manchester-based banking company with products designed to help with your day-to-day budgeting.

thinkmoney is a credit broker that helps customers find the best personal loan from a panel of lenders. It also offers a current account service that helps you automatically manage your money by setting aside funds to cover your bills. You’ll need to be a thinkmoney current account customer in order to access its loan broker service.

It also provides secured loans from £10,000 up to £250,000 through its secured loan partner Ocean Finance, another broker. Car loans from £3,000 to £100,000 are also available through its partner CarFinance 247 Limited who works with a wide panel of lenders.

Late repayments can cause you serious money problems. See our debt help guides.

Key features of thinkmoney personal loans at a glance

  • Only available to thinkmoney account holders. You can apply for a loan after having the thinkmoney current account for three months.
  • Borrow £100 to £25,000. Loan amounts and terms will vary based on the lender.
  • Ring-fence your loan repayments The fixed monthly repayments are made via your thinkmoney current account. Along with other regular financial commitments, your loan repayments can be set aside – so those funds wouldn’t be available via your debit card.
  • Build your credit score. thinkmoney claims its online and mobile account management service helps you to “never miss a bill”, which would boost your credit score.
  • Account management. Many customers appreciate the assistance provided by the account management app, plus the ability to separate disposable income from funds needed for regular commitments.

The current account charges no fees for missed direct debits or standing orders, and comes with an online banking feature that helps you manage your money. But other than that and the ability to apply for these loans, the account has few unique features to justify the monthly fee.

Key features of thinkmoney secured loans

thinkmoney offer secured loans through its partner Ocean which is a broker. The key features of thinkmoney secured loans are listed below:

  • Borrow £10,000 to £250,000
  • Must be a homeowner. The loan will be secured to your asset
  • Must fulfil criteria of the lender
  • Key features of thinkmoney car loans

    thinkmoney also offer car loans through its partner CarFinance247 Limited. The key features of thinkmoney car loans are listed below:

  • Borrow £10,000 to £250,000
  • 19.9% APR Represenative (Fixed)
  • Am I eligible for a thinkmoney loan?

    To apply for a thinkmoney loan, you must:

    • Have held a thinkmoney current account
    • Be a UK resident
    • Be aged 18 or over
    • Be able to provide identity and address

    Your approval will ultimately be based on a credit check and assessment of your finances.

    How do I apply?

    If you’ve decided that a thinkmoney loan is right for you, call the customer service team, who will take you through the application process.

    Pros and cons of thinkmoney loans


    • Online money management. You can stay on top of you account online or via the thinkmoney app
    • No charges for bounced direct debit payments


    • Current account fees. thinkmoney current accounts have a monthly fee of £10.95

    How does thinkmoney compare against alternative loans?

    1 - 4 of 11
    Name Product Finder score Total Payable Monthly Repayment Representative APR Link
    Novuna Personal Loan
    Check eligibility
    View details
    Representative example: Borrow £10,000.00 over 3 years at a rate of 7.4% p.a. (fixed). Representative APR 7.4% and total payable £11,142.00 in monthly repayments of £309.50.
    My Community Bank Personal Loan
    Check eligibility
    View details
    Representative example: Borrow £5,000 over 48 months at a rate of 24.9% pa (fixed). Representative APR 27.9% and total payable £7,939.24 in monthly repayments of £165.40.
    Barclays Existing Current Account Loan
    View details
    Representative example: Borrow £10,000.00 over 3 years at a rate of 6.1% p.a. (fixed). Representative APR 6.1% and total payable £10,941.12 in monthly repayments of £303.92.
    Plend personal loan
    View details
    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.

    thinkmoney customer reviews

    thinkmoney scores relatively high on Trustpilot, with a rating of 4 out of 5 based on more than 5,900 reviews (updated August 2023). This is considered a ‘great’ rating by Trustpilot.

    thinkmoney customer support

    You can contact thinkmoney by email at or by phone on 0161 779 5000.

    Our verdict

    As a credit broker, thinkmoney may be beneficial for borrowers looking to get the best deal from a range of lenders. Through thinkmoney there is access to a range of loans including personal, secured and car loans. Easy online money management allows borrowers to keep a close eye on its repayments. However, there is a fee for owning a current account which may deter some.

    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 has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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