Abound Personal Loan
OUR RATING
Loan Amount
Total Payable
Monthly Repayment
Representative APR
Representative example will update based on your input.
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Use our calculator to see illustrative rates. After that, check your eligibility to get a customised rate from this provider and a panel of others without any impact on your credit score. Representative 18.6% APR.
Mintify Limited, trading as Mintify, is an Appointed Representative of Creditec Limited who is acting as a credit broker, not a lender.
Our Verdict
Abound offers unsecured personal loans between £2,000 and £12,000, with repayment terms from 12 to 60 months. Applications can be completed entirely online, and once approved and the agreement is signed, funds are typically transferred the same day. What sets Abound apart is its approach to affordability. Instead of focusing only on your credit score, Abound considers your income, spending habits, and overall financial position to assess your ability to repay. This makes it a potentially suitable option for applicants with limited credit histories but stable financial circumstances. It’s important to note that a loan fee of £100 is included and added to the total loan amount. While this is reflected in the APR, borrowers should ensure they understand the full cost before proceeding. Abound allows additional repayments at any time without extra charges, which could reduce interest over the life of the loan, but always check the terms and conditions of your contract.
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 | Abound |
|---|---|
| Loan Type | Unsecured Personal Loan |
| Rate Type | Fixed |
| Interest Calculation Method | Effective |
| Minimum Loan Amount | £2,000.00 |
| Maximum Loan Amount | £12,000.00 |
| Minimum Loan Term (months) | 12 |
| Maximum Loan Term (months) | 60 |
| Customer Type | New or Existing Customers |
| Relationship | New or Existing Customers |
| Acceptance Criteria | UK Resident with your main bank account in the UK. No unresolved defaults or CCJs. |
| Minimum Age | 18 |
| Maximum Age | 70 |
| Application Fee | £100.00 |
| Debt Consolidation Limit | £10,000.00 |
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 Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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