Put your plans into action with an MBNA personal loan

Whether you want to buy a new car, give your kitchen a makeover or get your finances in order – an MBNA Personal loan could be the answer. Personal loans can make it simple to borrow for those bigger plans or expenses that come up. You can choose how much money you want to borrow at a fixed rate, then choose over how long you want to pay it back. This will allow you to pay back your loan each month with an amount to suit your budget.

3.1% APR representative for loans of £7,500 to £15,000 over 1 to 5 years.

The decision to lend and the rate you’re offered will depend on your personal situation. Loans are available to UK residents aged 18 or over.

You can apply if:

  • You’re aged 18 or over.
  • You’re a UK resident (excluding the Channel Islands and Isle of Man).
  • You’re not in full-time education.
  • You’re in paid employment or have a regular income.
  • You’ve not been declined for credit in the last month.
  • You don’t have a history of bad credit.

Benefits of a personal loan from MBNA

  • You could borrow between £1,000 to £25,000.
  • You can choose to repay over 1 to 7 years.
  • Quick, easy and secure – it takes about 10 minutes to apply online.
  • You’ll get an instant loan decision online.
  • If you’re approved, you’ll have the money in your chosen account within 5 working days.
  • Fixed monthly repayments to suit your budget.
  • You can make extra payments with no extra charge.
  • You can pay off your loan early. If you do, we will charge you up to 58 days' interest.

Find a loan to suit you

If you borrow

Illustrative APR

Illustrative example

If you borrow

£1,000 to £2,999 over 1 to 5 years

Illustrative APR

14.9%

Illustrative example

The rate is 14.9% APR (fixed) so if you borrow £2,000 over 5 years at a rate of 14.9% a year (fixed) you will repay £46.51 for 60 months and £2,790.60 in total.

If you borrow

£3,000 to £4,999 over 1 to 5 years

Illustrative APR

8.9%

Illustrative example

The rate is 8.9% APR (fixed) so if you borrow £4,000 over 5 years at a rate of 8.9% a year (fixed) you will repay £82.17 for 60 months and £4,930.20 in total.

If you borrow

£5,000 to £7,499 over 1 to 5 years

Illustrative APR

3.6%

Illustrative example

The rate is 3.6% APR (fixed) so if you borrow £6,000 over 5 years at a rate of 3.6% a year (fixed) you will repay £109.26 for 60 months and £6,555.60 in total.

If you borrow

£7,500 to £15,000 over 1 to 5 years

Illustrative APR

3.1%

Illustrative example

The rate is 3.1% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 3.1% a year (fixed), you will repay £179.94 for 60 months and £10,796.40 in total.

If you borrow

£15,001 to £25,000 over 1 to 5 years

Illustrative APR

3.2%

Illustrative example

The rate is 3.2% APR (fixed) so if you borrow £20,000 over 5 years at a rate of 3.2% a year (fixed) you will repay £360.74 for 60 months and £21,644.40 in total.

Representative example

If you borrow £10,000 over 5 years at an annual interest rate of 3.06% (fixed), you will make 60 monthly repayments of £179.94. The total amount payable will be £10,796.40. Representative APR of 3.1% (fixed).

The representative APR applies to loans of £7,500 to £15,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR you could be offered is 29.9% APR.

The representative APR is the rate that at least 51% of people are expected to receive when taking out a loan within the stated amount and term range.

 

What you can borrow for

You can take out an MBNA personal loan for many different reasons, from buying a boat to paying some medical bills. Take a look at our brief guides to borrowing for those bigger expenses that come up:

Debt consolidationDebt consolidation
Buying a carDebt consolidation
Home improvementsHome improvements
HolidayHoliday
WeddingWedding

We do have some limits on what you may use an MBNA personal loan for. For example, if you take out a loan with us you can't use it for property deposits or gambling. Find out more about our limits on what you can borrow for.

Have a loan already?

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

To find out more you can read the statement of responsibilities (PDF), which details what's expected of us, the lender and you the borrower.