Are you looking to fund a major expense or start a home renovation? The Cooperative Bank can help you with that. This broker partners with Freedom Finance to help you find the most suitable lender and loan offers. Use our Cooperative Bank personal loans calculator to compare with other offers.
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.
About Cooperative Bank
The Cooperative Bank is a Manchester commercial bank and among the biggest lenders in the UK. They offer loans, credit cards, and insurance products, which you can access through their web and mobile apps.
You can open current and fixed-rate accounts in The Cooperative. One of the most accessible current accounts is called Cashminder, which you can get if you don’t meet all the qualifications needed to create a standard current account.
The Cooperative also practices ethical banking, in which they avoid investing in companies that participate in animal testing, genetic engineering, sweatshop labour, arms trade, and fossil fuel extraction.
Cooperative Bank loan features
- 5.9% to 39.9% APR
- £1,000 to £25,000 loan funds
- 1 to 7-year term
- Fixed rates and terms
- Charges early repayment fees
- No payment holidays
How to apply for Cooperative Bank loans
Since The Cooperative Bank acts as a broker and not a lender, your application checks might depend on your chosen lender. For example, some might carry out a full credit check to determine your affordability.
You’re eligible for a loan if you:
- Live permanently in the UK
- Are 18 years old or above
- Earn more than £10,000 every year
How to apply for Cooperative Bank loans online
To start applying for loans, you must first get an online quotation with Freedom Finance. Since this is a soft credit check, this won’t affect your credit score.
- To get a quotation from Freedom Finance, confirm that you’re a UK resident, older than 18 years old, and earn more than £10,000 every year to proceed. The application page requires you to tick those three checkboxes to confirm.
- Once you confirm your eligibility, you’ll be taken to the Freedom Finance website.
- You will then have to provide your desired loan terms, income details, personal information, and address.
- After submitting your details, Freedom Finance will display offers.
- Next, your chosen lender will run checks on you. They will then inform you if you’re approved for a loan or not.
Cooperative Bank loan calculator
EST Monthly Repayment
12 months
to 84 months
EST Monthly Repayment
£1,000
to £25,000
We've worked with Freedom Finance to carefully select a panel of lenders with competitive rate loans.
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.
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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.
