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Leap Personal Loans Overview

Leap Lending logo

The table below will provide an overview of Leap personal loan options.

How much will a Leap personal loan cost? Use the Leap loan calculator below to get an idea of how your repayments will be based on the amount you want to borrow and the payment terms you prefer.

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.

Leap Lending review

Leap Lending offers peer-to-peer (P2P) refinancing or consolidating loans. These can be used for paying off existing debts like credit or store cards, and other unsecured loans.

Leap loan features

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

  • Loan amount and terms. Borrow from £500 to £15,000, payable within 12-60 months
  • Pay off debts. Leap lending only offers refinancing loans, motivating borrowers to clear debts.
  • Flexible repayments. Make extra payments for free to reduce interest and shorten your loan terms.
  • Get rewards. Leap loan repayments can be lowered if you significantly reduce your overall (external) debt.

How to apply for a Leap personal loan?

Check that you’re eligible:

To qualify, you must:

  • Be at least 21
  • Be a UK resident or has been living in the UK for at least 5 years
  • Have an income of £25,000 or more
  • Not be in active bankruptcy, CCJs or IVA’s for the past 3 years
  • Have a UK bank account with direct debit

What you’ll need:

Besides personal and contact information like mobile or phone number and email address, you should also prepare the following when applying:

  • Valid IDs (e.g. passport and/or driving licence)
  • Details of your current debts and expenditures
  • Proof of income and employment
  • A UK current account in your name

Leap uses a credit bureau to confirm a borrower’s identity. If no records are found, that’s when they will ask for additional documents for identification.

 

Leap personal loan calculator

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

Loan Amount

£10,000

Term

3 months

Change
Leap

Leap personal loans (5,000 - 15,000)

Leap personal loans (5,000 - 15,000)
EST Monthly Repayment
£313 Inclusive of fees
EST Monthly Repayment
8.00%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£5,000
to £15,000
Go to site
Our personal loans could allow you to refinance, consolidate your debts or put it towards doing more of what you love.
Featured
Nationwide

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

EST Monthly Repayment
£290 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
£291 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
£295 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
£308 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.

Leap Lending FAQs

What is a peer-to-peer loan and how does Leap Lending do it?

A peer-to-peer (P2P) loan is where the money you borrow comes from a person or a group of people.
Leap Lending matches borrowers with investors or creditors for safe and transparent P2P loans. The money will often come from about five different investors or more, to cover the whole amount a borrower needs.

Does Leap Lending charge any additional fees?

Yes. Leap charges borrowers a one-off administrative fee for setting up the loan. They also charge a monthly borrowing/management fee on top of your monthly repayments. The fees will be included in the repayment rate Leap Lending will offer to borrowers.

How long does it take to get a Leap personal loan?

Once you get a quote from Leap, you need to pass their checks. Afterward, Leap will match your desired loan amount with investors. Agreements about your loan will be sent to you. After accepting the agreements, you can expect the money in your bank account after one working day.

Learn more about Leap Lending 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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