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Halifax Personal Loans Overview

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The table below will give you a quick look at Halifax personal loan options. Halifax offers personal loans both to customers and non-customers, though there may be some perks for those already banking with them.

How much will you likely pay for a Halifax personal loan? Use the Halifax personal loan calculator below to see your estimated monthly repayments. Simply enter the loan amount and preferred payment terms or use the sliders to adjust the factors and see possible scenarios.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Halifax personal loans review

Halifax offers unsecured loans that you can use for different purposes, whether it’s for home improvement, purchasing a car, a vacation or just sorting out debt you already have.

Halifax loan features

Thinking of applying for a Halifax loan? Here are the key features and benefits to expect:

  • Loan amount and terms. New customers can borrow £1,000 to £25,000, payable in1 to 5 years. Current Halifax customers can borrow up to £35,000 with payment terms of up to 7 years.
  • No paperwork. You can apply and get approved online
  • Direct Debit payments. Make fixed monthly payments hassle-free with a direct debit setup.
  • Make extra payments for free. You can make additional payments on top of your direct debit.
  • Fixed interest rates. Interest rates on a Halifax loan are fixed, so you don’t have to worry knowing your payments won’t go up.
  • Repayment holiday. If you are a Halifax customer, you can get two repayment holidays a year (subject to approval).

How to apply for a Halifax personal loan?

Check that you’re eligible:

To qualify, you must:

  • Be at least 18 years of age or older
  • Reside within the UK (Channel Islands and the Isle of Man not included)
  • Be employed or have a regular source of income and not a full–time student
  • Have good credit standing and no declined request for credit in the past month

What you’ll need:
Besides personal and contact information like phone number and email address, you should prepare the following when applying:

  • UK bank account details
  • Valid IDs like an official or a provisional UK driving license or a valid passport
  • Details of your address/es for the last 5 years.
  • Supplementary documents about your employment, income and expenses.

Applying online can take only 10 minutes even for new Halifax customers or non-account holders.

 

Halifax personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£20,000

Term

3 months

Change
Halifax

Halifax personal loans (7,500 - 24,999)

Halifax personal loans (7,500 - 24,999)
EST Monthly Repayment
£586 Inclusive of fees
EST Monthly Repayment
3.50%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£7,500
to £24,999
Go to site
Are you thinking of buying a new car, doing a spot of DIY or tidying up your borrowing but you are not sure how much to borrow? Use our loan calculator to help you.
Featured
Nationwide

Nationwide personal loans (7,500 - 25,000)

EST Monthly Repayment
£581 Inclusive of fees
Interest Rate
2.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Go to site
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Featured
Santander

Santander personal loans for £7,500-£15,000

EST Monthly Repayment
£582 Inclusive of fees
Interest Rate
3.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
Go to site
You are eligible if you’re 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you haven’t been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Featured
HSBC

HSBC personal loans (15,000 - 25,000)

EST Monthly Repayment
£590 Inclusive of fees
Interest Rate
3.90%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Go to site
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Featured
Barclays

Barclays personal loans (15,000 - 24,999)

EST Monthly Repayment
£616 Inclusive of fees
Interest Rate
6.80%
APR
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
Go to site
When it comes to putting your plans into action, it’s personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply – without it affecting your credit score.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Halifax FAQs

How long does it take to get a decision?

In most cases, Halifax can give you an answer right away after application. Sometimes it may take a little longer if they need any extra details to process your request.

How long will it take to get my loan?

If you’re already banking with Halifax, you’ll receive the money within 72 hours from when the loan documents are signed.
If you don’t have a Halifax bank account and are approved for a loan, you should receive your loan within 1 day up to 5 working days.

What is Fixed Interest Rate?

A fixed interest rate means the interest applied to your loan will not change over the course of the time that you are paying your loan.

Learn more about Halifax debt consolidation loans in this video

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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