EXPERT RATED

Guarantee	Unsecured Loan
Age Eligibility	21 to 75
Income eligibility	£15000.00 Per Annum
Available to	New or Existing Customers
Residency	UK resident for at least three years
Credit score	Good
Interest Rate	Fixed
Amount	£1,000 to £50,000
Payment Term	1 year to 7 years
Representative APR	16.9% p.a.

Shawbrook Bank Personal Loan offers unsecured loans ranging from £1,000 to £50,000, with repayment terms between one and seven years. These loans can be used for various purposes, such as home improvements, debt consolidation, or purchasing a vehicle.

To qualify for a Shawbrook Bank loan, applicants must be aged between 21 and 75, have been a UK resident for at least three years, have an annual income of at least £15,000, and have a personal UK bank account. The application process is conducted online, and while approval can be swift, it may take up to three working days for the funds to be disbursed into your account.

It’s important to note that settling your loan early may incur interest charges. Additionally, customer support is available via phone or email, but there is no in-person assistance due to the bank’s online-only presence.

Customer reviews on platforms like Trustpilot and Feefo reflect positively on Shawbrook Bank’s services, with many customers praising the efficient application process and helpful customer service.

Why Choose Shawbrook Bank?

In the vast ocean of personal loans, navigating through options can feel like herding cats. Enter Shawbrook Bank Personal Loan, your trusty vessel steering you towards financial clarity. Whether you’re plotting a home renovation that would make even Kevin McCloud nod in approval or consolidating debts faster than you can say “job’s a good’un,” Shawbrook offers a lifeline with its straightforward and competitive loan options.

Shawbrook understands that financial needs are as unique as a British weather forecast. Offering unsecured personal loans ranging from £1,000 to £50,000, repayable over one to seven years, they provide the flexibility to tailor your borrowing to suit your plans. With a representative APR of 16.9%, you can embark on your projects without the fear of hidden costs raining on your parade.

Swift and Simple Application Process

Gone are the days of wading through paperwork thicker than a Sunday roast. Shawbrook’s online application process is as breezy as a walk in the park. With an instant decision and funds typically landing in your account within three working days, you’ll have just enough time to pop the kettle on before getting started on your plans. ​

Customer-Centric Approach

Shawbrook prides itself on putting customers at the heart of their operations. With over 10,000 reviews on Trustpilot and an ‘Excellent’ rating, it’s clear they’re doing something right. Their commitment to transparency ensures no nasty surprises, just straightforward lending with a personal touch.

Manageable Repayments

Budgeting becomes a doddle with Shawbrook’s fixed monthly repayments. Knowing exactly what leaves your account each month means you can plan ahead, perhaps even saving up for that cheeky weekend getaway. And if you fancy clearing your loan early, they’re upfront about any interest charges, so you can make informed decisions without the smoke and mirrors.

Eligibility Made Easy

To hop aboard the Shawbrook ship, you need to be aged between 21 and 75, a UK resident for at least three years, earning a minimum annual income of £15,000, and possess a personal UK bank account. It’s as straightforward as queuing for a cuppa. ​

In a nutshell, Shawbrook Bank Personal Loan offers a blend of competitive rates, flexible terms, and a customer-first ethos. It’s like finding a reliable brolly on a rainy day—dependable, sturdy, and just what you need to weather any financial storm.

Key Features You Need to Know About Shawbrook Bank Personal Loan

So, you’re considering a Shawbrook Bank Personal Loan? Let’s delve into the particulars, shall we?

Loan Amounts and Terms

Shawbrook offers unsecured personal loans ranging from £1,000 to £50,000, with repayment periods spanning one to seven years. This flexibility allows you to tailor the loan to your specific needs, be it a new conservatory or that dream holiday.

Fixed Interest Rates

Enjoy the predictability of fixed interest rates throughout your loan term. This means your monthly repayments remain consistent, making budgeting as straightforward as a cup of tea.

No Arrangement Fees

Shawbrook doesn’t charge any setup fees for their personal loans. What you see is what you get—no hidden costs.

Quick Fund Disbursement

Once approved and upon receipt of your signed loan documents, Shawbrook aims to transfer the funds into your account within three working days. So, you won’t be left waiting around, twiddling your thumbs.

Eligibility Criteria

To apply, you should be aged between 21 and 75, have been a UK resident for at least three years, possess an annual income of £15,000 or more, and hold a personal UK bank account. Meeting these criteria is essential before considering an application.

Soft Credit Search

Shawbrook conducts an initial soft credit check when you request a quote, which doesn’t affect your credit score. This allows you to explore your options without any commitment.

In summary, Shawbrook Bank Personal Loans offer flexible amounts and terms, fixed interest rates, no arrangement fees, and a swift application process. However, ensure you meet the eligibility criteria and are comfortable with the fixed repayment structure before proceeding.

Is This Personal Loan What You Need? Weigh Up the Pros and Cons

So, you’re contemplating a Shawbrook Bank Personal Loan? Let’s have a butcher’s at the pros and cons to see if it fits your needs.

Pros

• Flexible Loan Amounts and Terms: Shawbrook offers unsecured personal loans ranging from £1,000 to £50,000, with repayment periods spanning one to seven years.
• Fixed Interest Rates: Enjoy the predictability of fixed interest rates throughout your loan term, making budgeting as straightforward as a cup of tea.
• No Arrangement Fees: Shawbrook doesn’t charge any setup fees for their personal loans, so no hidden costs lurking in the shadows.
• Quick Application Process: You can get an immediate decision on your application, and once approved, funds are typically transferred within three working days.

Cons

• Early Repayment Charges: If you decide to settle your loan early, you may face interest charges, so it’s worth considering this before making extra repayments.
• Funding Time: While the application process is swift, it can take up to three working days to receive funds in your account, which might not suit urgent needs.
• Limited Customer Support Channels: You can only get in touch with Shawbrook Bank’s customer support via phone or email, lacking options like live chat.

In summary, Shawbrook Bank Personal Loans offer flexible amounts and terms, fixed interest rates, and a swift application process. However, be mindful of potential early repayment charges and the limited customer support channels. Consider your financial situation and borrowing needs to determine if this loan aligns with your objectives.

You Qualify? Essential Criteria to Apply for Shawbrook Bank Personal Loan

So, you’re eyeing up a Shawbrook Bank Personal Loan to fund that dream kitchen or perhaps a spontaneous trip to the seaside? Before you get too carried away, let’s ensure you meet their eligibility criteria. After all, it’s best to know if you’re barking up the right tree.

Age and Residency

First off, you need to be aged between 21 and 75. Additionally, you must have been a UK resident for at least three years. So, if you’ve just unpacked your bags from abroad, you might need to wait a tad longer.

Income

Shawbrook isn’t keen on lending to just anyone; they prefer applicants with a stable annual income of at least £15,000. So, if your earnings are more ‘pocket money’ than ‘salary’, you might want to reconsider. ​

Bank Account

A functional personal bank account in the UK is a must. This is where the funds will be deposited and from where repayments will be collected. Think of it as the financial equivalent of having a front door.

Credit History

A good credit history is essential. Shawbrook seeks applicants with a strong track record of managing debt responsibly. So, if your credit history is more ‘horror story’ than ‘fairy tale’, it might be time to spruce it up.

Affordability

Shawbrook will assess your financial situation to ensure you can comfortably afford the loan repayments without undue strain. So, if your budget is tighter than a drum, you might want to rethink taking on additional debt. ​

In Summary

To be eligible for a Shawbrook Bank Personal Loan, you should be aged between 21 and 75, have been a UK resident for at least three years, possess an annual income of £15,000 or more, have a personal UK bank account, and maintain a good credit history. Meeting these criteria can enhance your chances of securing the loan. ​

Remember, it’s always wise to assess your financial situation and ensure you can meet the repayment terms before applying. After all, we wouldn’t want you dodging the landlord at the pub, now would we?

Finally, Here’s How to Apply

So, you’ve decided to take the plunge and apply for a Shawbrook Bank Personal Loan. Let’s walk through the process—it’s as straightforward as queuing for a pint at your local.

Step 1: Gather Your Information

Before diving in, ensure you have your contact details, three years of address history, employment and income information, and bank account details at the ready. Having these on hand will make the application smoother than a well-brewed cuppa.

Step 2: Complete the Online Application

Head over to Shawbrook’s website and fill out the online application form. It’s designed to be quick and painless, taking less than ten minutes to complete.

Step 3: Receive an Instant Decision

Once submitted, you’ll receive an instant decision. If your application is referred, it means they need a bit more information, but don’t fret—this is just a standard procedure.

Step 4: E-Sign Your Credit Agreement

If accepted, you’ll be prompted to e-sign your credit agreement. This digital signature process ensures everything is handled swiftly, without the faff of printing and posting documents. ​

Step 5: Receive Your Funds

After signing, funds are typically disbursed within three working days—often sooner. So, you can get cracking on your plans without unnecessary delays. ​

And there you have it! Applying for a Shawbrook Bank Personal Loan is as easy as pie. Just remember to borrow responsibly and ensure you can meet the repayment terms. After all, we wouldn’t want you dodging the landlord at the pub, now would we?

Looking for another option? If Shawbrook Bank’s Personal Loan doesn’t quite tick all your boxes, 1Plus1 Loans might be worth considering. They offer personal loans ranging from £1,000 to £5,000 without a guarantor and up to £10,000 with one. Their flexible terms span from 12 to 60 months, and they cater to individuals with less-than-perfect credit histories. Plus, their quick approval process means you won’t be left waiting.

	Shawbrook Bank Personal Loan	1plus1 Personal Loan
Credit Score	Good	Poor or Fair
Representative APR	Representative example: Borrow £4,500.00 over 3 years at a rate of 16.9% p.a. (fixed). Representative APR 16.9% and total payable £5,672.52 in monthly repayments of £157.57	Representative example: Borrow £2,200.00 over 3 years at a rate of 39.9% p.a. (fixed). Representative APR 39.9% and total payable £3,539.88 in monthly repayments of £98.33
Loan Amount	£1,000 to £50,000	£1,000 to £5,000
Terms	1 year to 7 years	2 years to 5 years

However, it’s essential to note that their representative APR is 39.9% (variable), which is on the higher side. Therefore, it’s crucial to assess your ability to manage the repayments comfortably. To get a comprehensive understanding of what 1Plus1 Loans offers and determine if it’s the right fit for your financial needs, consider reading a detailed review.