first direct Personal Loan
OUR RATING
Loan Amount
Total Payable
Monthly Repayment
Representative APR
Representative example will update based on your input.
Our Verdict
First direct offer competitive interest rates overall, especially for loans over £10,000. Their maximum APR is 18.9% which is well below some other lenders on the market. You will need to open up an account with them in order to apply. Applications via the app are quick, typically less than 10 minutes to compete and usually with quick payouts once the loan is approved and signed.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
| Issuer | first direct |
|---|---|
| Loan Type | Unsecured Personal Loan |
| Rate Type | Fixed |
| Interest Calculation Method | Daily |
| Minimum Loan Amount | £1,000.00 |
| Maximum Loan Amount | £50,000.00 |
| Minimum Loan Term (months) | 12 |
| Maximum Loan Term (months) | 96 |
| Customer Type | Existing Customers only |
| Relationship | First direct current account required |
| Acceptance Criteria | Minimum applicant income or pension £10,000 per annum. First direct current account required. Must not have declared bankruptcy or registered for an IVA in the last 6 years. |
| Minimum Age | 18 |
| Maximum Age | 70 |
| Debt Consolidation Limit | £50,000.00 |
Important: When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
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Representative 18.6% APR
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Mintify Limited, trading as Mintify, is an Appointed Representative of Creditec Limited who is acting as a credit broker, not a lender.
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