The fairer way
to repay!
The fairer way to pay!
Borrow from £1,000 to £5,000
Get a rate reduction on your loan when you pay on time
Representative 39.9% APR (Variable)
All personal loans and rate reductions are subject to meeting credit worthiness, affordability and rate reduction criteria.
Representative Example: Borrowing £3000 over 36 months with a representative APR of 39.9% (variable), the amount payable would be £134.21 a month, with a total cost of credit of £1831.56 and a total amount payable of £4831.56.
Rate Drop™ Technology
Rate Drop is our exclusive loan feature that rewards on-time payments with automatic rate reductions.
Everyone starts with the same fixed APR (no confusing spreads or tiered pricing). Just make 6 consecutive monthly payments on time and your APR will drop automatically, lowering your monthly repayment too.
For loans over 12 months, you can receive two Rate Drops during the loan term. No refinancing, no reapplying, just a fairer way to repay, using our unique Rate Drop Technology.
Tell me moreWhy Rate Drop?
What you need to know
Direct lender, not a broker
Same day payout
All applicants considered
Borrowing designed around you
Our personal loans are built to be flexible, affordable and easy to manage. With a quick and secure online application, you can borrow with confidence and budget with clear, fixed monthly repayments.
What sets us apart is our exclusive Rate Drop™ feature. By making regular repayments on time, your interest rate automatically decreases, reducing the overall cost of your loan. No refinancing or hidden charges, just a smarter and fairer way to borrow.
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Whatever you need it for, we’ve got you covered.
At Rate Drop, our personal loans can be used for almost any purpose, from covering unexpected expenses to making big life improvements. Many of our customers choose us for debt consolidation loans, helping them combine multiple repayments into one simple monthly payment. Others use our loans for home improvements, funding everything from new kitchens and bathrooms to essential repairs. Whether you’re planning a special event, managing day-to-day costs, or looking to improve your home, our flexible loans and unique Rate Drop™ feature make borrowing fairer and more affordable.
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What people say?
Independent Service Rating based on 42 verified reviews
4.9/5
Apply now to check your eligibility in just minutes
Warning! Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Representative Example: Borrowing £3000 over 36 months with a representative APR of 39.9% (variable), the amount payable would be £134.21 a month, with a total cost of credit of £1831.56 and a total amount payable of £4831.56.