Joint personal loans
Fewer lenders offer joint personal loans than single-applicant ones. Where they do, they check both applicants' credit histories and incomes, and you're both responsible for the whole debt.
Worked example
£350 a month together at 8% over 5 years would repay about £17,261.45, with £3,738.55 of interest.
Before you apply
A joint loan links your credit files.
This is an estimate. Lenders make their own decision based on your full circumstances and credit history.
Inputs for the joint personal loan eligibility calculator
Monthly payment you can afford
What you could comfortably repay together each month.
Interest rate (per year)
The annual interest rate on your loan. The rate shown is only an example, so enter the rate from your quote.
Term
How many years you'd repay over.
CALCULATOR QUESTIONS
Joint personal loan eligibility calculator questions
Can two people take out a personal loan together?
Some lenders offer joint personal loans; both applicants' credit and income are checked.
Who owes the money?
Both of you, for the full amount.
Does it affect my credit file?
Yes. A joint loan links your credit files.
Is this a guarantee?
No. The lender decides.