A personal loan can help in so many different ways, whether you want to take control of your finances, make some home improvements, or replace a worn-out car.
Asda is in partnership with Freedom Finance, one of the UK’s leading credit brokers. Together, we have carefully selected a number of trusted lenders that sit on a panel, so with one simple application you can compare loans from a number of lenders and then find the best offer for you and your circumstances. You can check your eligibility safely without harming your credit score in under two minutes, for personal loans up to £25,000 over terms from 1 to 7 years.
Asda Money acts as a credit broker and earns a commission if you choose to take out a loan product.
If you have several repayments for credit cards, overdrafts, store credit or other debt, a debt consolidation loan lets you roll them into one monthly outgoing.
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.
From a new lick of paint to extra space for the family, a personal loan can be used for all sorts of home projects.
A personal holiday loan can help spread the cost of upcoming adventures.
Your big day can be an expensive one, but a personal loan can help fund the whole event or provide a top up.
Known for putting value for money at the centre of everything we do
Receive quotes from a trusted panel of lenders without harming your credit score
A loan offer that’s best for you and your circumstances
We have carefully hand-picked trusted lenders to be on a panel
Review your loan options in less than two minutes
Multiple loan offers that are tailored for you and your circumstances
Loan amounts from £1,000 to £25,000
Loan terms from 1 to 7 years
Know what you're paying each month
With a soft search eligibility checker
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.
We've taken the work out of finding and applying for a personal loan. We work with a trusted panel of lenders to offer you great loan rates for your circumstances. If you're worried about being accepted for a loan, the soft search technology used 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 lenders in minutes, so you don't have to put your plans on hold.
Customers could access rates from as low as 2.8% up to 49.9% APR depending on your circumstances, so a loan from a trusted lender 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.
Customers could access great rates from carefully selected trusted lenders, so you can sit back and let us do the leg work. What’s more, when you search for a personal loan, you’ll only have a soft search on your credit history, which means you can check your eligibility without harming your credit score.
Once your loan is approved, you could receive your funds the same day.
Asda 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 a panel of handpicked trusted lenders.
With one application, you can search a 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.
We have carefully selected a number of trusted lenders to be on a panel. You can search the panel to provide you with the very best offer you are eligible for. Find out more about each of our lenders here.
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.
Lenders offer loans from £1,000 up to £25,000 with repayment periods ranging from 1 to 7 years.
No. One of the best things about our service is you get access to a panel of trusted lenders with no credit footprint left on your credit file. When you apply with us, a soft search is completed which doesn’t harm your credit score.
However, if you do proceed with an offer from your search with us, the lender will complete a hard search once you have accepted your offer. This will show on your credit file.
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 a panel of handpicked trusted lenders.
With one application, a 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.
Lines are open Monday to Thursday 8.30am-8pm, Friday 8.30am-5pm, Saturday 9am-4pm. Calls may be recorded and/or monitored.
ASDA Money is a trading name of Asda Financial Services Ltd who are an Introducer Appointed Representative of Freedom Finance Limited (company number 06297533) of Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. Freedom Finance Limited acts as a credit broker and not as a lender and is authorised and regulated by the Financial Conduct Authority (FRN 662079).
Please note: If you take out a loan we will receive commission. This will be a fixed amount or a percentage of the amount you borrow depending on which lender you choose.
