Fancy a new car, a kitchen revamp, or just consolidating those pesky debts? Our personal loan lets you borrow between £1,000 and £50,000, repayable over 1 to 8 years

Up to £50,000 – Treat Yourself! First Direct Personal Loan

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First Direct Personal Loan: Enjoy flexible terms, competitive rates, and the option to overpay, reducing your overall interest
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First Direct Personal Loan: Enjoy flexible terms, competitive rates, and the option to overpay, reducing your overall interest
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Why Choose First Direct Personal Loan? Well, Why Not?
Flexible Amounts: Tailor your loan to fit your needs
Fixed Terms
Apply online
Overpayment Option
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Advantages and Disadvantages of the First Direct Existing Customer Personal Loan

Pros:

  • Flexible Loan Amounts: Borrow between £1,000 and £50,000 to suit your needs.​
  • Fixed Interest Rates: Enjoy predictable monthly payments throughout your loan term.​
  • No Arrangement Fees: Apply without worrying about upfront costs.​
  • Quick Decision: Receive a decision on your application, often within minutes.​
  • Overpayment Option: Make additional payments at no extra cost to reduce your loan balance.​

Cons:

  • Existing Customers Only: You must have a first direct current account to apply.​
  • Early Repayment Charges: Paying off your loan early may incur additional costs.​
  • Credit Check Required: Application approval depends on your credit history.

FAQ

To be eligible, you must be 18 or over, a UK resident, have an annual income/pension before tax of £10,000 or more, and hold a first direct current account.

If approved, the funds are typically transferred to your account the same day.

There are no arrangement fees or setup charges. However, early repayment charges may apply if you choose to repay your loan early.

You can borrow between £1,000 and £50,000, with repayment terms ranging from 1 to 8 years.

Checking your eligibility won't impact your credit score, but a full application will involve a hard credit check, which could affect your score.

Check out another tip for an excellent Personal Loan

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