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.
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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How we picked theseTo 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.
Read the full methodologyPlease 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 Limited Unsecured Homeowner Loan charges 27.9% APR representative on loans between £20,000 and £20,000. Norwich Trust offers the unsecured personal loan with repayment terms between 3 years and 10 years, and applicants can apply to borrow from £3,000 to £20,000.
Loan type | Unsecured Personal Loan |
---|---|
Loan amounts | £3,000 to £20,000 |
Loan terms | 3 years to 10 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,Standing order,Cheque |
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.
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.
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 Limited Unsecured Homeowner 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 | 15600 |
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. |
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:
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.
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.
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.
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