Metro Bank is a high street bank in the UK that first started in 2010. They take pride in being the first high street bank to open in 100 years. As a bank, they have also focused on delivering a different kind of customer experience. They are known for allowing pets in their branches, and offering pet-related bank products too!
A Metro Bank personal loan may be what you need for any personal expense. Be it a new car, a two-week holiday, your dream wedding, or even house repairs. If you’re fretting about the cost, try out the Metro Bank personal loan calculator. You can calculate a monthly cost that fits well within your means.
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.
Summary of Metro Bank loans
Metro Bank offers their personal loans through another trade name: RateSetter. So whenever you hear about “RateSetter loans”, people are referring to Metro Bank loans.
Metro Bank loans come with many features, some flexible and set by borrowers, including:
- Limit from £1,000 up to £35,000
- Term of 1 to 5 years
- Fixed APR (currently at 3.9%)
- Soft search loan quote
- Five-minute application process
- Direct-debit repayment
- Credit decision within the next working day
- Funds access within the next working day
- Option to make additional payments on your loan with no charges
- Easy 24/7 loan management through online
Metro Bank charges a loan fee, but this is already part of the APR.
You can always visit Metro Bank’s website here for more details.
Applying for Metro Bank loans
How do you know if you can apply for a Metro Bank loan? You qualify for a loan if you:
- Are 21 years old or older
- Have been a permanent UK resident in the last 3 years
- Earn at least £16,000 every year in income or pensions
- Have a good credit history with no record of bankruptcy
- Do not have a record of missing payments in the past year
If you qualify, you can apply for the loan directly on Metro Bank’s website. Prepare any additional information like your address history, and details on income and expenses.
Metro Bank personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£1,000
to £35,000
Weve welcomed award-winning lender, RateSetter, into the Metro Bank family to bring our customers a personal loan thats easy to apply for and simple to manage.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 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 havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
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.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its 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.
