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Personal Loans

Our customers rate our service 9 out of 10*

Representative 9.9% APR (fixed)

Rates from 2.8% APR

A personal loan can help in so many different ways, whether you want to take control of your finances, make some home improvement, or replace a worn-out car. We have carefully selected a number of trusted lenders on our panel, and with one simple application you can compare and find the offer that’s best for you and your circumstances. You can also check your eligibility safely without harming your credit score.

What can I use a personal loan for?

  1. Debt Consolidation

    Combining multiple debts for easier management

    Personal loans can be useful for helping manage finances if you have several monthly repayments for credit cards, overdrafts, store credit or other debts.

    Debt consolidation loans overview
  2. Car Purchase

    Get money for your new car quickly and easily

    Stay in control with no mileage limits whilst being free to modify or accessorise the car - something you may not be able to do with leasing.

    Car loans overview
  3. Home Improvement

    Helping you improve your home in small or big ways

    From a new lick of paint to extra space for the family, a Personal Loan from Asda could be a great alternative to a specialist home improvement loan.

    Home improvement loans overview
  4. Holiday

    Finance for a short break or a trip of a lifetime

    A personal holiday loan could help you jet off now and pay over time.

    Holiday loans overview
  5. Wedding

    Considering a wedding loan to fund your big day?

    The big day can be a very expensive day but a personal loan can help fund the whole event or provide a top up.

    Wedding loans overview

Why choose Asda Personal Loans?

  • Asda logo

    The Asda advantage

    Known for putting value for money at the centre of everything we do

  • One simple form…

    Receive quotes from our trusted panel of lenders without harming your credit score

  • Asda service, Asda value, expert providers

    A loan offer that’s best for you and your circumstances

What is a personal loan and what can I use one for?

A personal loan is a fixed amount of money you can borrow from a lender, with a specific length of time to repay it agreed at the start. An interest rate is also agreed on the loan, which affects how much you will pay back in total and your monthly repayments. These repayments may be spread over a number of years, depending on the size of the loan and your personal circumstances. You can usually borrow up to £25,000 with a personal loan, while higher amounts need to be secured against a house or other valuable asset.

Debt consolidation - Personal loans can be useful for managing your finances if you already have several monthly repayments for credit cards, overdrafts, store credit or other debts. A debt consolidation loan combines these debts into one monthly repayment, making it easier to manage.

Home, holiday, or car - A personal loan, also known as an unsecured loan, can be used for a variety of large purchases or costs. You might be looking at a family holiday, or you need a newer, more reliable car, or your house could do with a new kitchen or bathroom, a new sofa, or even vital repairs. A personal loan can be used for any of these up to a value of £25,000. Anything that costs more than this would need a secured loan.

With one quick and easy application, let Asda search for the best loan rate to suit you^

We've taken the work out of finding and applying for a personal loan. We work with a trusted panel of lenders to make sure we can offer you the best loan rate for your circumstances. If you're worried about being accepted for a loan, our soft search technology means your credit score won't be affected when we check your eligibility. It's easy to apply, and you'll get an initial decision from our lenders in minutes, so you don't have to put your plans on hold.

We offer rates from as low as 2.8% up to 49.9% APR depending on your circumstances, so a loan from one of our trusted lenders could be more affordable than you think. With so many options out there for personal loans, it can be tricky to know if you're making the right choice. At Asda Money we make it simple by only offering unsecured personal loans, so you don't have to be a homeowner to apply. This also means they can be used for all sorts of things, from debt consolidation to travel costs, home improvements, or a new car.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Top Personal Loans FAQs:

Why choose an Asda Personal Loan?

We’ll provide the best rate for you from our carefully selected trusted lenders so you can sit back and let us do the leg work. What’s more, when you look for a loan with us, we soft search your credit history, which means we can check your eligibility without harming your credit score.

Once your loan is approved, you could receive your funds the same day.

How does it work?

Asda Personal Loans is in partnership with Freedom Finance who are a leading credit broker to offer our customers a different solution to borrowing money and finding a loan. We work alongside Freedom Finance so we can provide our customers with their very best loan offer from our panel of handpicked trusted lenders. 

With one application, we search our panel of carefully selected lenders and provide you with a loan tailored to your needs. Once you have been approved you receive your funds which could be as quick as the same day.

So sit back, relax and let us do the hard work.

Who are your lenders?

We have carefully selected a number of trusted lenders to be on our panel. We will search our panel to provide you with the very best offer you are eligible for.

If you have any questions on our lenders, please call our Customer Service Team on 0333 555 0560 and a colleague will be happy to help.

How much can I borrow?

Our lenders offer loans from £1,000 up to £25,000 with repayment periods ranging from 1 to 7 years.

Will applying affect my credit rating?

No. One of the best things about our service is you get access to our panel of trusted lenders with no credit footprint left on your credit file. When you apply with us, we complete a soft search which doesn’t harm your credit score.

However, if you do proceed with an offer from us, the lender will complete a hard search once you have accepted your offer. This will show on your credit file.

About our trusted provider, Freedom Finance

Freedom Finance Logo

Asda Personal Loans is in partnership with Freedom Finance, who are a leading credit broker, to offer our customers a different solution to borrowing money and finding a loan. They were awarded Best Consumer Credit Broker in the 2020 Consumer Credit Awards – voted for by customers.

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

With one application, our panel of carefully selected 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.

Loans Personal Guides

Still need some help? Call us on 0333 555 0560

Lines are open Monday to Thursday 8.30am-8pm, Friday 8.30am-5pm, Saturday 9am-4pm. Calls may be recorded and/or monitored.

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