What are the best unsecured personal loans? | moneyfacts.co.uk

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nigel woollsey

Nigel Woollsey

Online Writer
Published: 13/12/2021

How do we decide which personal loans get the best rating?

The Moneyfacts Annual Star Ratings are based on our in-house product experts’ in-depth analysis of all the personal loan products currently on the market. By comparing the consumer benefits afforded by each product, our specialists judge which are worthy of the coveted four-and five-star ratings – signifying products that are truly market leaders in terms of the advantages they offer to customers.

How does a star rating help me find the best personal loan?

Importantly, the Moneyfacts Star Ratings are both independent and impartial – enabling providers and consumers alike to have complete trust in how we determine the very best personal loans available.

By choosing a product with a four- or five-star Moneyfacts rating, you can be assured that this represents a quality personal loan with above-average features and benefits.

What elements of personal loans do we look at?

A sizeable number of features are considered for the final rating when it comes to personal loans products. These include:

  • Footprint free quote
  • Instant decision
  • Application methods
  • Early repayment charge
  • Deferment periods
  • Minimum and maximum advances
  • Minimum and maximum terms
  • Payment methods
  • Overpayments without early repayment charge
  • Footprint free quote
  • Instant decision
  • Application methods
  • Early repayment charge
  • Deferment periods
  • Minimum and maximum advances
  • Minimum and maximum terms
  • Payment methods
  • Overpayments without early repayment charge
  • Debt consolidation limit
  • Incentives
  • Joint application
  • Loan top-up options
  • Online statements
  • Payment holidays
  • Risk-based pricing
  • Same-day funds
  • Unpaid charges
  • Debt consolidation limit
  • Incentives
  • Joint application
  • Loan top-up options
  • Online statements
  • Payment holidays
  • Risk-based pricing
  • Same-day funds
  • Unpaid charges
  • Footprint free quote
  • Instant decision
  • Application methods
  • Early repayment charge
  • Deferment periods
  • Minimum and maximum advances
  • Minimum and maximum terms
  • Payment methods
  • Overpayments without early repayment charge
  • Footprint free quote
  • Instant decision
  • Application methods
  • Early repayment charge
  • Deferment periods
  • Minimum and maximum advances
  • Minimum and maximum terms
  • Payment methods
  • Overpayments without early repayment charge
  • Debt consolidation limit
  • Incentives
  • Joint application
  • Loan top-up options
  • Online statements
  • Payment holidays
  • Risk-based pricing
  • Same-day funds
  • Unpaid charges
  • Debt consolidation limit
  • Incentives
  • Joint application
  • Loan top-up options
  • Online statements
  • Payment holidays
  • Risk-based pricing
  • Same-day funds
  • Unpaid charges
  • Footprint free quote
  • Instant decision
  • Application methods
  • Early repayment charge
  • Deferment periods
  • Minimum and maximum advances
  • Minimum and maximum terms
  • Payment methods
  • Overpayments without early repayment charge
  • Footprint free quote
  • Instant decision
  • Application methods
  • Early repayment charge
  • Deferment periods
  • Minimum and maximum advances
  • Minimum and maximum terms
  • Payment methods
  • Overpayments without early repayment charge
  • Debt consolidation limit
  • Incentives
  • Joint application
  • Loan top-up options
  • Online statements
  • Payment holidays
  • Risk-based pricing
  • Same-day funds
  • Unpaid charges
  • Debt consolidation limit
  • Incentives
  • Joint application
  • Loan top-up options
  • Online statements
  • Payment holidays
  • Risk-based pricing
  • Same-day funds
  • Unpaid charges

Unsecured Personal Loans Star Ratings 2022

Click the headings below to see the full list of star ratings awarded.

Unsecured Personal Loans - Five Star

Bank of Scotland - Existing Customer Personal Loan
Danske Bank - Existing Choice, Prestige or Freedom Current Account Customers
Danske Bank - Personal Loan
first direct - Personal Loan
Halifax - Existing Customer Personal Loan
HSBC - Existing Customer Personal Loan
HSBC - Personal Loan
HSBC - Premier Customer Personal Loan
Lloyds Bank - Existing Customer Personal Loan
M&S Bank - Existing Customer Personal Loan
M&S Bank - Personal Loan
Nationwide Building Society - Main Current Account, Mortgage and Savings Member Personal Loan
NatWest - Existing Customer Personal Loan
Royal Bank of Scotland - Existing Customer Personal Loan
Sainsbury's Bank - Standard Nectar Cardholder Loan
Tesco Bank - Online Personal Loan
TSB - Existing Current Account Customer Personal Loan
TSB - Personal Loan
Ulster Bank - Existing Customer Personal Loan

Unsecured Personal Loans - Four Star

Barclays Bank - Existing Current Account Customer Barclayloan
Barclays Bank - Existing Premier Account Customer Barclayloan
Halifax - Personal Loan
Lending Works - Personal Loan
Metro Bank - Personal Loan
RateSetter - Personal Loan
Sainsbury's Bank - Standard Non-Nectar Cardholder Loans
Tesco Bank - Telephone Personal Loan
Virgin Money - Existing Customer Personal Loan

 

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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