First Direct Personal Loan

A first direct Personal Loan is an unsecured loan account, with fixed monthly repayments. What you do with your loan is up to you, as long as it's not for business or illegal purposes.

We offer loans from £1, 000 up to £25, 000 in £50 increments.

As a responsible lender we work with you to ensure you can afford your borrowing over the whole term of the loan. If you can foresee changes in your circumstances that may increase your outgoings or reduce your disposable income, then please give us a call on 03 456 100 199

Changes to consider are:

• employment situation changes; imminent retirement, maternity or paternity or extended leave
• reduction in working hours; fixed contracts end dates or zero hour contracts
• increase in living costs; rent or mortgage repayments.

The minimum term for our loans is 12 months. The maximum term is 84 months. Terms are available in 6 month increments.

The simplest way to work out what the repayments would be on your loan is to use our online loan calculator. Decide how much you need, and how much you can afford to pay each month, and we'll work out the rest.

Repayments have to be paid by standing order from your first direct 1st Account. You can find out how to open one here.

As you'll notice from our Loan Calculator, the rate you receive is dependent on the amount you want to borrow. In addition, we will also take into account your individual financial circumstances.

We start charging interest from the day you get your money.

If your application is approved online we can make your money available immediately by transferring it into your first direct 1st Account. That way, you can put your plans into action straight away - or negotiate cash discounts on your purchase, knowing funds are available.

If you apply for your loan over the telephone and it is approved, we will send your loan agreement form to you to sign and send back to us.

After we receive your signed loan agreement form we will transfer the money into your 1st Account.

Yes, our Personal Loan is only available to first direct current account customers. You can find out more about opening a current account here.

If you are using any part of this loan to pay off or reduce existing loan(s)/debts (including combining these into a single loan), it is important to consider not just the interest rate and monthly repayments, but also the term of this loan compared to the remaining term of your existing loans/debts.

Spreading your payments over a longer term means you could end up paying more overall than under your existing arrangements, even if the interest rate on this new loan is less than the rates you are currently paying.