£25,000 Loans
With a £25,000 loan you could buy a new car or fund a home renovation project. Find out which loans you could be eligible for with our partner Aro and their trusted panel of lenders. Just like Asda Money, Aro is a credit broker, not a lender.
If you take out a product through Aro, Asda Money will receive a commission payment from Aro. The amount charged will be in connection with the specific product selected and so different amounts of commission are received. For more information please see our FAQs.
When you check your eligibility below you will be transferred to our partner Aro.
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A £25,000 loan gives you the money you need now and means you can spread out the cost of paying it back. Borrowing £25,000 can fund home improvements or buy a new car.
When you check your eligibility for a £25,000 loan with our partner Aro you get access to their trusted panel of UK lenders. They will offer you a range of loans that they believe meet your requirements and fit your personal circumstances. It doesn’t affect your credit score and you’ll get a list of potential loans online in minutes.
Consider that borrowing £25,000 is a significant financial commitment. The £25,000 loan repayments each month will be substantial.
How does a £25,000 loan work?
Working with our partner Aro, they 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.
When can a £25,000 loan help?
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.
Types of loans
- Unsecured personal loans
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- Usually a small, fixed rate loan for personal use
- For amounts between £1,000 and £25,000
- The amount you can borrow and the rate you see is based on things like your personal circumstances and credit score
- Secured personal loans also known as homeowner loans (we don’t offer access to this type of loan)
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- Typically sums over £15,000 and repaid over longer periods of 5-30 years
- What you can borrow and the interest rate depends on your credit history, your assets and personal circumstances
- When you borrow with a secured loan, you will need to secure it with an asset which is usually your home. It can be repossessed if you can’t keep up with your payments.
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 won’t affect your credit score. When you first check your eligibility, a soft search will be submitted. Once this has been done, you’ll see all your available loans from across a 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.
To borrow smaller sums, a credit card is another option to consider.
Frequently asked questions
- What is the monthly repayment on a £25,000 loan?
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How much you pay each month on a £25,000 will depend on the loan agreement with the lender. As £25,000 is a significant sum to borrow, your repayments will be substantial each month. The exact amount you pay depends on your personal circumstances, the interest rate (APR), offered by the lender and the length of your loan. Paying back a £25,000 loan over 10 years will be cheaper each month than a 5-year £25,000 loan, but it will cost you more in interest over the term of the loan.
- Can I get a £25,000 loan without a guarantor?
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You don’t need a guarantor to get a £25,000 loan. You will however require a good credit score and a history of responsible borrowing.
- Can I get a £25,000 loan without a credit check?
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No, when you check your eligibility for a £25,000 loan with one of the lenders from our panel, you will be subjected to a credit check.
- Can I pay back my £25,000 loan early?
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Depending on your agreement with the lender, you should be able to pay back your loan early. If you do, you will sometimes be charged an early repayment fee. You should always read the terms and conditions before completing your loan.
More on loans
About our trusted provider, Aro
We’ve partnered with Aro to provide our customers the very best loan options from a panel of handpicked trusted lenders. Asda is in partnership with Aro. Both Asda Money and Aro are credit brokers, not lenders.
Following one simple eligibility check, your loan options with be displayed. It’s also a safe way to view your options without negatively affecting your credit rating.
ASDA Money is a trading name of Asda Financial Services Ltd who are an Introducer Appointed Representative of Aro who are authorised and regulated by the Financial Conduct Authority. Aro acts as a credit broker and not as a lender.
Terms and conditions apply. UK residents aged 18 and over. If you take out a loan, Asda Money and Aro receive a commission payment from the lender. Different amounts of commission are received from different lenders and the amount will be either a fixed amount or a percentage of the amount you borrow and dependent on the lender you select. We will not charge you a fee for our services.