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 £3,000 over 36 months at an annual interest rate of 34.05%, representative APR 39.9% (variable), with monthly repayments of £134.10. Total cost of credit £1,827.60. Total amount payable £4,827.60.
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 a range of purposes, from covering unexpected expenses to funding larger planned purchases. Many customers choose us for debt consolidation, combining multiple repayments into one simple monthly payment. Others use our loans for home improvements or to buy a car, with clear monthly repayments and no deposit or balloon.
Our flexible loans and unique Rate Drop™ feature are designed to make borrowing clearer and more manageable, subject to meeting our affordability and credit criteria.
Before taking out a loan, it’s important to make sure you can afford the repayments. Consolidating existing borrowing may increase the total amount payable over time.
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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 £3,000 over 36 months at an annual interest rate of 34.05%, representative APR 39.9% (variable), with monthly repayments of £134.10. Total cost of credit £1,827.60. Total amount payable £4,827.60.