What lenders check
For unsecured personal loans, lenders rely heavily on your credit history and income, since there's no asset securing the loan. The rate you're offered also depends on your credit history and the amount.
Worked example
Repaying £200 a month at 8% over 4 years would cover a loan of about £8,192.38, with £1,407.62 of interest.
Before you apply
This is an estimate. Lenders make their own decision based on your full circumstances and credit history.
Use soft-search eligibility checkers to see likely rates without affecting your credit score.
Inputs for the personal loan eligibility calculator
Monthly payment you can afford
What you could comfortably repay 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'll repay over. A longer term means paying interest for longer.
CALCULATOR QUESTIONS
Personal loan eligibility calculator questions
Am I eligible for a personal loan?
It depends on your credit history, income and the lender's criteria. This calculator estimates the amount from an affordable payment.
What credit score do I need?
Each lender sets its own criteria; a better credit history usually means more choice and lower rates.
Will a soft search affect my score?
No. Only full applications leave a hard search on your file.
Is this a guarantee?
No. The lender decides.