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Halifax Personal Loan
Halifax offers a straightforward personal loan option with competitive fixed rates and no hidden fees, making it an appealing choice for borrowers in the UK.
Halifax Personal Loan
Updated 1 minute ago| APR | Amount | Term |
|---|---|---|
| 3.9–24.9% | £1,000–£50,000 | 12–60 mo |
Requirements
UK resident
18+
Regular income
Decision
MinutesOur Verdict
Halifax offers a straightforward personal loan option with competitive fixed rates and no hidden fees, making it an appealing choice for borrowers in the UK.
✅ Best For
This loan is best suited for UK residents aged 18 and over who have a regular income and are looking for a reliable lending option with a reputable provider.
⚠️ Watch Out
Potential borrowers should be aware that the interest rates can vary significantly based on credit score, with the maximum APR reaching 24.9%.
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No credit score impact — free to check
About this loan
Expert Analysis
Halifax personal loans present a solid option for those in need of financial support, especially given their affiliation with the well-established Lloyds Banking Group. The loans range from £1,000 to £50,000, with terms extending from 12 to 60 months, catering to a variety of needs. The fixed interest rates, starting at 3.9% APR, attract borrowers seeking predictability in their repayments. However, the maximum APR of 24.9% can be daunting for those with lower credit ratings, making it essential for applicants to review their credit histories beforehand.
One advantage of Halifax is its strong high-street presence, which can provide reassurance to customers accustomed to face-to-face banking. The online application process is also user-friendly, allowing for quick approvals, often within minutes. While the lack of fees is a significant plus, potential borrowers should consider alternative lenders that may offer lower rates for those with excellent credit profiles. Overall, Halifax personal loans are a reliable choice, but individuals are encouraged to compare rates and terms with other providers to ensure they secure the best deal.
Similar options
Santander Personal Loan
PersonalUK resident
18+
1-2-3 account for best rate
APR
5.3–21.9%
Amount
£1k–£25k
Term
12–60mo
APR
5.9–24.9%
Amount
£1k–£25k
Term
12–60mo
APR
5.9–34.9%
Amount
£1k–£35k
Term
12–60mo
APR
7.9–45.9%
Amount
£1k–£25k
Term
12–60mo
APR
6.6–19.9%
Amount
£1k–£35k
Term
12–60mo
APR
6.5–25.9%
Amount
£500–£25k
Term
6–60mo
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
Similar options
Santander Personal Loan
PersonalUK resident
18+
1-2-3 account for best rate
APR
5.3–21.9%
Amount
£1k–£25k
Term
12–60mo
APR
5.9–24.9%
Amount
£1k–£25k
Term
12–60mo
APR
5.9–34.9%
Amount
£1k–£35k
Term
12–60mo
APR
7.9–45.9%
Amount
£1k–£25k
Term
12–60mo
APR
6.6–19.9%
Amount
£1k–£35k
Term
12–60mo
APR
6.5–25.9%
Amount
£500–£25k
Term
6–60mo
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