Use our Norwich Trust loan calculator to evaluate how much you'd pay back on a fixed-rate, unsecured Norwich Trust personal loan as a new or existing customer. Loan amounts between £3,000 and £20,000 with rates starting from 27.9%.
UK Credit, the sister brand of Norwich Trust, used to handle 2 types of loans. To better cater to customer needs, the company has transferred its unsecured homeowner loan accounts to Norwich Trust. UK Credit will still oversee its guarantor loan accounts.
Norwich Trust is a direct lender (not a broker) serving people who may have struggled with finances before. Its loans are designed for people who may find it hard to get a loan from high street lenders but don’t want to put forward their home as collateral.
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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 Norwich Trust’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 Norwich Trust's loans compare against the competition?
See today's rates from across the personal loan market.
The Norwich Trust Personal Loan charges 27.9%APR representative on loans of £20,000. Norwich Trust offers the unsecured personal loan with repayment terms between 3years and 10years, and applicants can apply to borrow from £3,000 to £20,000.
Key features of a Norwich Trust loan
Loan type
Unsecured Personal Loan
Loan amounts
£3,000 to £20,000
Loan terms
3 years to 10 years
Loan rate type
fixed
Fee
From £199 – £199
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,Standing order,Cheque
What is an unsecured loan?
An unsecured loan is a loan that doesn’t require you to put any assets at risk should you default on the loan. A better credit score is often required to take out an unsecured loan, as there is no collateral protecting the lender.
How does a Norwich Trust unsecured loan work?
Norwich Trust’s rates are tailored to you and may vary from the advertised representative APR. You can apply in as little as a few minutes with no impact on your credit rating. Your credit rating will only be impacted when the loan is paid out. You must be a homeowner to apply for the loan.
You won’t be hit with any upfront fees, and because the interest rates are fixed, you’ll always pay the same each month. You can request an early settlement figure, which includes an early settlement interest of approximately 2 months interest and is valid for 28 days.
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 Norwich Trust 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 Norwich Trust gives to at least 51% of those who take out the loan. The other 49% could pay more. Norwich Trust must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.
Norwich Trust advertises a representative APR of 27.9% on loans between £20,000 and £20,000 on the Norwich Trust Personal Loan.
Am I eligible for a Norwich Trust loan?
To apply for a Norwich Trust loan, you must meet the following eligibility criteria:
Available to
New or existing customers
Age
21 to 70
Residency
UK resident
Min. income
£15,600
Credit profiles
Fair, Poor
Acceptance note
Minimum Applicant Income £1,300 Per Month, £1,800 Per Month if under 30.
Additional requirements
Must not have been bankrupt in the last 3 years. Must not have been in an Individual Voluntary Arrangement (IVA), subject to a Trust Deed or in a Debt Management Plan (DMP) in the past 12 months. Must be a homeowner.
How do I apply for a Norwich Trust loan?
Once you have checked your eligibility and have compared all borrowing options available to you, you can apply for a Norwich Trust loan by following the below steps:
Enter the amount you want to borrow and for how long on the Norwich Trust website.
Fill out the application form.
After running a few checks, Norwich Trust calls you to run through some of the final details.
Once approved, the loan is paid directly into your bank account.
Pros and cons
Pros
No collateral required
No guarantor needed
Early repayment allowed
Poor credit history considered
Cons
You must be a homeowner
Lower borrow amount than secured loans
Noriwch Trust customer reviews
Norwich Trust received positive reviews from customers, according to review platform Trustpilot. It currently has an “excellent” rating of 4.7 out of 5, based on more than 180 reviews (updated July 2025). Many customers were quick to praise their customer service and the straightforward process.
Customer support information
You can contact the Norwich Trust customer care team by phone on or by email at welcome@norwichtrust.co.uk (for new customers) or myloan@norwichtrust.co.uk (for existing customers) with any queries.
Our verdict
If you have had credit problems in the past, then Norwich Trust could be a good option for taking out a loan that doesn’t require you to put up your house or car as collateral or sign a guarantor. As with any loan, you should only borrow within your means. If you can’t make the repayments, you run the risk of damaging your credit score.
Frequently asked questions
Yes, you can request a settlement figure using the online loan manager or by calling Norwich Trust. There is a charge of approximately 2 months’ interest, but depending on where you are on the loan, this can result in a dramatically reduced cost overall.
No, payments are fixed for the duration of the loan.
You’ll need to provide your proof of address, proof of income and proof of identification.
Yes, Norwich Trust doesn’t charge anything for overpayments of up to 3 times the regular payment. Overpayments can be made through the online loan manager or by amending your direct debit.
If you’re struggling to make payments, call Norwich Trust as soon as possible. The Norwich Trust team will try to come to an arrangement with you.
Yes, Norwich Trust is regulated by the Financial Conduct Authority and has excellent reviews on Trustpilot.
No change should occur during the switch over, which means that the existing terms and conditions of your loan will remain the same. If you’re paying by Direct Debit then your details will have been passed to Norwich Trust as part of the transfer. If you have any queries or concerns, please contact Norwich Trust.
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.
Emily Herring is a Publisher at Finder specialising in credit-based products including credit cards and business and personal loans. Emily has recently joined the Investments team. She has a Masters in Creative Writing & Publishing and a Bachelor of Arts in Communication & Media.
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Ben Sharpe was a publishing assistant at Finder. He specialised in credit products, including credit cards and personal loans. In his spare time he can be found playing drums or enjoying a game of badminton.
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