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Representative 26% APR

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Personal Loans

Representative 26% APR

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 Aro Finance Limited. Both Asda Money and Aro are credit brokers, not lenders. Together, we provide access to a carefully selected a panel of trusted lenders.

With one simple eligibility check, you can compare loans from these lenders and find the best offer for you and your circumstances.

You can check your eligibility safely without impacting your credit score in minutes and find personal loans up to £25,000 over terms from one to seven years.

Asda Money acts as a credit broker and earns a commission if you choose to take out a loan product. Terms and conditions apply. 

  1. Personal Loan Calculator

    A personal loan could help you consolidate debts, buy a car, or fund a home renovation project. With our personal loan calculator, you can find out what your monthly repayments might look like and how APR affects what you need to pay back.

    Please remember that by consolidating existing borrowing, you may be extending the term of the debt and increasing the total amount you repay

    26% APR 

  2. Is a car loan cheaper than Car Finance?

    If you don’t have ready cash or savings to buy a car, there are options to borrow the money – either with a bank loan or car finance. But which should you choose? In this guide, we’ll focus on how each works and what you need to think about when deciding between car finance or a personal loan.

  3. Car Loan Calculator

    Looking to buy a new car with a personal loan? Use our car loan calculator to find out what your monthly repayments may look like and how APR affects what you need to pay back.

  4. Car Loan Interest Rates Explained

    If you’re thinking about taking out a car loan to buy your next car, it’s important to understand interest rates. In our guide, we’re focusing on what car interest rates are, how they work and what you can do to get a lower rate.

  5. Debt Consolidation Loan Calculator

    You can use a debt consolidation loan to restructure any existing debts into one more manageable monthly repayment. Find out what you may be able to borrow with our debt consolidation loan calculator. You can see what your monthly repayments may be based on the interest rate you could be charged.

    26% APR 

  6. Home Improvement Loan Calculator

    A loan of up to £25,000 could allow you to make some big improvements to your home. Discover how the term of the loan, the APR and the amount you borrow affects the monthly repayment that you would need to make for your home improvements.  

  7. Car Refinancing Loans

    Using a car loan to pay off your car finance could help lower your monthly repayments or spread the cost of a final lump sum payment. Here we run through what car refinancing is, how it works and what you’ll need to consider.

    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.

  8. Bad Credit Car Loans Explained

    If you’ve had debt or money problems in the past, you may have a low credit score. But that doesn’t mean you can’t apply for a car loan with bad credit. Here we’ll look at what your potential options are, whether you need a credit check for car finance and how to boost your credit score.

What can I use a personal loan for?

  1. Debt Consolidation

    Combining multiple debts for easier management

    A debt consolidation loan can be used to pay off other unsecured debts. Examples of these debts might be personal loans, credit cards or an overdraft. You could include all or some or of your existing borrowing. But remember, you may be extending the term of the debt and increasing the total amount you repay.

    Debt consolidation loans overview
  2. Car Purchase

    Buying a new car outright

    A car loan helps you stay in control with no mileage limits and the freedom to modify the car to suit you.

    Car loans overview
  3. Home Improvement

    Helping you improve your home in small or big ways

    You can use a home improvement loan for all sorts of projects, from a new lick of paint to extra space for the family.

    Home improvement loans overview
  4. Holiday

    Finance for a short break or a trip of a lifetime

    A personal holiday loan can help spread the cost of upcoming adventures.

    Holiday loans overview
  5. Wedding

    Considering a wedding loan to help pay for your big day?

    Your big day can be an expensive one, but a personal loan can help fund the whole event or provide a top up.

    Wedding loans overview
  6. Loans with Bad Credit

    Borrowing options with a bad credit history

    If you’ve had money problems or debt in the past, it may have left you with a poor credit rating, a bad credit loan is a personal loan product created specifically for people with poor credit. Many people take out loans for bad credit to consolidate debts, where other lenders may be unwilling to lend to them.

    Loans with bad credit overview
  7. Business Loans

    Grow your business with the help of a loan

    Many businesses need extra cash every now and then. You could be looking to hire staff, expand or grow into new territories. Either way, many companies in the UK choose to borrow money through a business loan.

    Business loans overview
  8. Secured vs. Unsecured Loans

    What's the difference?

    Before you apply for a loan, it’s important to understand the difference between secured and unsecured loans. At Asda Money, you can compare unsecured loans from our trusted panel of lenders. We don’t offer access to secured loans.

    Secured vs. Unsecured loans overview

Award Winning Personal Loan Provider

We're proud to be awarded Best Personal Provider by Moneynet, recognising the top personal finance providers in the UK.

To be presented this award is a great honour and demonstrates our dedication to delivering our customers excellent choice and good value.

Best Personal Loan Provider

Why choose a Personal Loan through Asda?

  • Asda logo

    The Asda advantage

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

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    One simple form…

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

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    Asda service, Asda value, expert providers

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

Benefits of unsecured personal loans

  • Fast access to money: Once a lender approves your application for a personal loan, you will likely get the money within a few days. You can pay for your holiday, get your car or consolidate your debts quickly.
  • Flexible repayments: Choose how long you need to pay back the loan. Terms range from one year to up to seven years. Remember that the longer the term, the more interest you’ll pay in total.
  • Boost your credit score: Making monthly payments on time can help build your credit score.
  • No collateral required: With an unsecured personal loan, you won’t lose your home or other assets if you miss your payments. However, defaulting on payments will affect your credit score.

How much can I borrow with a Personal Loan from Asda? Money

As we work with a panel of lenders, you’ll find a variety of personal loans to suit your needs. You can choose the amount you want to borrow, from £1,000 to £25,000, and the length of time you want to pay it back. We do a quick eligibility check to find the most suitable deals for you. Then, you can compare loans and continue directly to the lender.

How much do personal loans affect my credit rating?

We perform a soft search as part of our initial eligibility check, which doesn’t affect your credit score.

If you proceed with an offer from your search with us, the lender may complete a hard search once you have accepted your offer. Hard searches do appear on your credit file.


Personal loans with bad credit

If you have previously had money problems or debt, you may have a poor credit rating. You can still apply for a personal loan, but fewer lenders may be willing to lend to you, and they may offer smaller loan amounts. You may also have to pay higher interest rates.

To help build your credit history before applying for a loan, consider taking out a credit builder card as an alternative. You won’t be able to borrow as much, but making regular monthly payments will demonstrate responsible borrowing, which can boost your credit score.

At Asda Money, we have a variety of personal loans on offer. You can search our panel of lenders to find the most suitable loan for your requirements. Our initial eligibility check doesn’t affect your credit score, so you can quickly and simply see your options for personal loans.



Top Personal Loans FAQs:

Why choose a Personal Loan through Asda?

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.

How does it work?

Asda is in partnership with Aro which is a trading style of Aro Finance Limited, who are a leading credit broker to offer our customers a different solution to borrowing money and finding a loan. We work alongside Aro so we can provide our customers with the right offer from a panel of handpicked trusted lenders. 

With one eligibility check, 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.

Who are your lenders?

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.

How much can I borrow?

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 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.

About our trusted provider, Aro

Asda is in partnership with Aro which is a trading name of Aro 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.

Looking for more support? Managing money can be tough

That’s why our financial support hub has a wealth of information to help if you’re worried about your finances. From expert videos to money saving tips, you’ll find useful support for managing your money.

Get tips and advice

Still need some help? Call us on 0800 061 2041

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