Low interest loans

Get personalised offers and see if you could save on interest

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Look for the Triple Lock guarantee for guaranteed interest rates

Find exclusive money-saving offers if you’re eligible

Compare as many offers as you like without harming your credit score

Compare low interest loans from up to 60 lenders

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What’s a low interest loan?

When you’re looking for any type of loan, it’s a good idea to check what the annual percentage rate (APR) is.

APR is the total cost of the loan over a year. It’s made up of the interest rate and other charges you might have to pay (like an annual fee).

So, a low interest loan means you’ll pay less overall.

What's representative APR?

It’s interest rate that the lender will typically give to at least 51% of people. That means up to 49% could get a higher rate. 

Your actual APR may be higher than what you see.

We work with lenders to guarantee as many low interest rates as we can, so you can feel confident that what you see is what you get.

How to apply

Tell us what you’re looking for and we’ll show you personalised offers.

Sign up in a few easy steps

It only takes 3 minutes and you’ll get your credit score and report for free, forever.

Go to your offers

The offers you’ll see are based on your credit score and report. And we order them based on what might be right for you – not what makes us the most money.

Apply on ClearScore

The lender will usually ask you to give them some more information and then they’ll carry out a hard search on your credit history.

Look for our exclusive money-saving offers

We work with lenders to bring you exclusive money-saving offers that you won’t find anywhere else.

If you’re eligible, you’ll see the exclusive offers when you start comparing loans.

Know where you stand with Triple Lock

We lock in the interest rate and loan amount – so you can be sure you’ll get the money you need.

Find out more about our Triple Lock guarantee.

The benefits of low interest loans

Low interest loans can mean paying less overall.

With a lower interest rate, you’ll end up paying less overall for the loan.

A lower interest rate means lower monthly payments, making the loan more manageable.

More of your payment goes towards paying down the loan, meaning you’ll pay it off faster.

The risks of low interest loans

There are also some risks to low interest loans.

Taking on additional debt can be risky if you’re not able to manage it properly.

Some low interest loans may have fees and charges that can add up over time.

Taking out a new loan can have an impact on your credit score.

How to increase your chances of seeing low interest loans

Check your credit score

If there are easy steps you can take to improve your score before you apply, take them. That’s because a better score could mean better offers – like lower interest rates or higher loan amounts.

Try not to apply for lots of credit

Every time you apply for credit, your score drops. It’s usually short-term if you manage what you’ve borrowed responsibly. So, it’s a good idea to wait for your score to improve before comparing new loans.

Make sure your credit report is up to date

Checking things like your income, employment details, and address are still correct is key. Lenders use that information (as well as your credit history) to determine the loan amounts and interest rates they can offer you.

Get started on finding the right personal loan for you today with ClearScore.

What to consider before applying

Borrow what you can afford

Don't borrow more than you need, as this can increase the total cost of your loan and make it harder to repay.

Plan your repayments

Feel confident about your loan repayments by planning your budget in advance.

Alternatives to low interest loans

There are some other options out there if you’re not sure a loan is right for you.

0% interest credit cards

Some credit cards come with a promotional or introductory offer – like 0% interest. It means you won’t have to pay interest on the balance you carry over for a number of months. Just make sure to keep up with the minimum monthly repayments.

Balance transfer credit cards

Balance transfer cards let you transfer your existing credit card debt onto the new one. They usually come with 0% interest periods which means you won’t start building up interest on any of the balance you carry over.

Guarantor loans

A guarantor loan is another type of unsecured loan. If a friend or relative meets your lender’s criteria, they could help you get a loan by promising to make the repayments (as a last resort) on your behalf.

Frequently asked questions