Shawbrook Bank Personal Loan
Shawbrook is a rapidly growing specialist bank established in 201. They take care of their customers by providing fair and transparent services in order to raise their finance. Whether it is debt consolidation, home renovation, car, or a wedding ceremony, Shawbrook offers Shawbrook Bank Personal Loan to raise the shortfall in your finance. They offer loans directly to their customers by a broker network.
Shawbrook offers personal loans within the range of £1,000 to £25,000 with a flexible repayable period of one to seven years. Their personal loans are specifically tailored for individual needs and the terms and rates change from one borrower to another. One can borrow both secure and unsecured loans from Shawbrook. Unlike other lenders, they offer fixed monthly rates and payments throughout the entire loan term. So, you can easily manage any shortfall in finance with Shawbrook.
Shawbrook Personal Loan APR
Shawbrook offers representative APR as low as 3% to 20%. Each loan is subject to change. The final interest rate depends on your credit score, financial circumstances, expenditure, and annual income. Thus, the APR is different for individual customers. Though they didn’t have any loan calculator on their site still here we have a representative example to give you an idea of how it works.
Suppose you borrow an amount of £10,000 with a repayment period of 60 months. Your representative APR will be 14.9% based on the interest rate of 14.9% p.a (fixed). Your total repayable amount will be £13,951.80 with a monthly payment of £232.53.
Eligibility Criteria
Shawbrook provides a wide range of personal loans for their customers with flexible repayment terms but still, customers need to fulfill the basic eligibility criteria to get a loan. Here are some of the basic requirements required for applying for a personal loan at Shawbrook Bank.
To apply for a loan at Shawbrook, applicants must be aged 21 to 75 and own a bank account in the UK. You must be a permanent UK resident or have been a UK resident for at least three years before applying for a personal loan. You must earn at least £15,000 annually. The more income the more amount you can borrow from the bank. However, the other conditions will remain the same. There is no hard credit check for loan approval or to request a quote from Shawbrook bank. They did a soft credit check without leaving a footprint on your credit score.
How to Apply for a loan at Shawbrook Bank?
Applying for a loan at Shawbrook is simply easy and effortless. You can apply online directly on their website and they will get a reply instantly in a few minutes. When you submit an application they will do a soft credit check that will not affect your credit score for sure. Once they approve your application they will send the money to your account within three or fewer days. The entire process is completed online.
If you need any further information or have questions you can contact them on 0345 600 6260. So get your loan from one of the best UK lenders and make your dream come true.
Haley Hayward is an experienced writer at kredilife.com, where she’s credited with more than 200 articles covering everything from entrepreneurial stories to mental health at work.
She also oversees the Comment&Questions, which poses important admission questions to experts in the field, and regularly hosts webinars on various aspects of the business school experience.
Prior to joining kredilife.com, Haley honed her skills as a freelance writer, tackling a wide array of topics from petcare to car maintenance.
Haley holds a Master’s degree in English Literature from the University of Edinburgh, Scotland.
