At Asda Money, we have access to a panel of carefully selected and trusted lenders. You simply complete an eligibility check to let us know your borrowing requirements. We search our panel of lenders for appropriate loans. You’ll then see a list of available £25,000 loans from specific lenders.

You can then compare all the available loans and make your decision on which works for you. You can then choose to continue and proceed straight to the lender to submit your application.

Often people take out a £25,000 personal loan to:

• Make home improvements: Borrowing £25,000 can help pay for a home renovation project such as a single storey home extension.
• Buy a car: A loan for £25,000 will help with buying a new car.

How much will a £25,000 loan cost?

The cost of a £25,000 loan depends on the interest rate you’re offered by a lender.

When you see the available loan offers from our panel of lenders, each will have an interest rate or APR. If you have a better credit score, you will likely be offered a better interest rate by a lender. The lower the interest rate, the less you will pay over the term of your loan.

As £25,000 is a significant amount of money, it’s likely you will want to have a longer period of time to pay it back to keep your monthly repayments as low as possible. Be aware that the longer the term of the loan, the more interest you will pay. A £25,000 loan over 10 years will have lower monthly repayments than a £25,000 over 5 years, but will cost you more in total.

£25,000 loans with bad credit

If you’ve had debt problems or issues with money in the past, this can affect your credit score. You may find it difficult to get a loan for £25,000 with bad credit.

But you may be able to borrow a smaller amount or speak to a specialist bad credit lender. If you’re offered a £25,000 loan with bad credit, expect to pay higher interest rates.

Will a £25,000 loan affect my credit score?

Checking your eligibility for a £25,000 loan with Asda Money won’t affect your credit score. When you first check your eligibility with us, we submit a soft search. Once we’ve done this, you’ll see all your available loans from across our panel of lenders, with no impact on your credit file.

If you choose to take up the offer of one of the loans and apply with that lender, they could perform a hard search which affects your credit score.

Alternatives to a £25,000 loan

If you’re not eligible to borrow £25,000 or the monthly payments are too high for your financial situation, consider borrowing a lower amount. You can apply for loans of £10,000 and £5,000 with Asda Money.

To borrow smaller sums, a credit card is another option to consider.

Asda is in partnership with Aro which is a trading name of Freedom Finance Limited. Both Asda Money and Aro are credit brokers, not lenders. We offer our customers a different solution to borrowing money and finding a loan.

We work alongside Aro so we can provide our customers with their very best loan offer from a panel of handpicked trusted lenders.

With one simple eligibility check, our panel of lenders can provide you with a loan tailored to your needs. It’s also a safe way to find a loan without negatively affecting your credit rating.