Skip to main content

One rate, it's that simple

Personal loans

Our Personal Loan is clear, upfront, and based on your personal circumstances - so you always know exactly what you’re getting. Whatever you need that little bit extra for, we're here to help you reach your goals.

Simple rate and terms

Straightforward terms and 7.9% APR fixed for the duration of the loan – no matter how much you borrow. 

No catches

It’s all up-front. No gimmicks. No confusing prices. No hidden charges. And no arrangement fees.

Money when you need it

Just pop into a store. You can apply to borrow between £2,000 and £25,000. You could even get your money the same day.

Personal Loan Repayment Calculator

The annual interest rate is 7.9% APR representative for all of our personal loans

Fields marked with an (*) are mandatory.

Enter a couple of details below to estimate your monthly repayments.

This is required
The term I want to borrow for is *
This is required

Why not check out ourpersonal loan?

One simple low rate for all customers on any amount (minimum £2,000 - £25,000 maximum)

Representative Example

We show a Representative Example wherever we talk about the interest rate of a loan. The Representative Example does not reflect the input you have made to the calculator above but will help to show you the typical costs associated with a loan for a certain amount.

Loan amount Term Representative APR Fixed interest rate (p.a.) Monthly repayments Total amount payable
£3,000 60 months 7.9% 7.9% pa £60.30 £3,618.00
£5,000 60 months 7.9% 7.9% pa £100.49 £6,029.40
£10,000 60 months 7.9% 7.9% pa £200.99 £12,059.40

All loans are subject to status and subject to our eligibility criteria.

We will do a creditworthiness assessment of your circumstances when you apply to ensure you can afford to make your monthly repayments. We reserve the right to refuse any application and to refuse a loan for certain purposes.

Information and rate shown is correct as at September 2016. Rate may be withdrawn at any time.

Need help with your debt? The Money Advice Service can provide independent advice and information on dealing with your debt. Visit them at

Open an account

Come and see us in store

The Nuts and Bolts

We’re up front with our customers about everything. We’ve created this handy summary of our Personal Loan's key features so you can see the important information from the get-go.

Fixed rate Amount available Repayments Payments
7.9% APR Representative £2K - £25K 1 - 5 years Monthly

APR stands for annual percentage rate. It’s intended to give you a more accurate idea of how much you are being charged when you borrow money. It takes into account the interest on the loan and other charges you have to pay, for example any arrangement fee if applicable.


You can apply for a Personal Loan if :

  • You’re aged 18 or over
  • You’re resident in the UK. You’ll also need to provide proof of your identity and address. If you’re not a UK, EU, EEA or Swiss national you’ll need a valid visa/residence permit. Here’s a list of what you need.
  • You have a Metro Bank Current Account 

We’ll make a decision on whether to offer you a loan based on your personal circumstances.

What we consider

When you apply for a loan we use a process called 'credit scoring' to carry out a credit assessment of you. Your credit score is based on things like your ability to repay, your credit history and how long you’ve lived at your address in the UK. Your score tells us whether we can offer you a loan.

As a responsible bank, we work with you to make sure you can afford your borrowing. We won’t give you a loan that we think will be bad for your financial wellbeing, based on our understanding of your personal circumstances. We don’t want to leave you struggling to make your loan repayments.

Things for you to consider

You may want to think about what impact a change in your circumstances would have on your ability to pay back your loan. For example, consider what would happen if:

  •  Your employment situation changed – you lost your job or had to retire
  •  Your working hours were cut
  •  Your living costs – rent or mortgage repayments, for example – went up

Representative Example

These representative examples show how much you’d repay each month for a particular loan, and how much you’d repay in total.


Loan Amount  Term Representative APR Fixed Interest Rate Monthly Repayments Total Payable
£3,000 60 months 7.9% 7.9% pa £60.30 £3,618.00
£5,000 60 months 7.9% 7.9% pa £100.49 £6,029.40
£10,000 60 months 7.9% 7.9% pa £200.99 £12,059.40

Get all the details to read at your leisure

Download our PDF to read when you like - it contains all the ins and outs of our Personal Loan.

Personal Loan Details (PDF) (189KB)

Our Service Relationship with Personal Customers (PDF)(1.2MB)

Loading, please wait

Toggle between map and list views
Find Store


How much can I borrow?

The amount we can lend you depends on how much you’ll be able to comfortably repay based on our understanding of your personal circumstances. We assess this using a process called credit scoring. This looks at things like your credit history and how long you’ve lived at your current address to help us come to a decision.

Find out more in:

Personal Loan Calculator

Guide to the use of your information 

Our Service Relationship with Personal Customers 

How do I apply for a loan?

Just pop into a store. We’re open long hours, including after work and at weekends. 

What you need to bring with you 

What are the fees and charges?

There’s no arrangement fee, but you will pay interest on the loan. There is also no early repayment fee. 

Is my interest rate guaranteed?

Yes. You get the same interest rate no matter how much you borrow. So you’ll know what you’ll pay right from the start. Once you’ve signed the contract, your rate is guaranteed for the duration of your loan.

I've already got a loan and want to borrow more. Can I do this?

It depends. As a responsible bank, we work with you to make sure you can afford your borrowing. We won’t give you another loan that we think will be bad for your financial wellbeing, based on our understanding of your personal circumstances. We don’t want to leave you struggling to make your monthly loan repayments because your total repayments are too big. If you think you can afford a second loan then we would consider it using credit scoring.

Can I use a loan to consolidate my debts?

Yes, if it is affordable. If you've got lots of different debts and you are struggling to keep up with repayments, you can merge them altogether into one loan which can reduce your monthly payments. It can also help you if the loan is at a lower rate of interest than the ones you are currently paying – for example a loan compared with a credit card. But you could end up paying more overall in the end if you pay for longer. 

Don't forget, you might need to pay fees and charges to your old lenders for switching your loan – so you need to be able to afford to do that too. If you do choose a debt consolidation loan then make sure you keep up the payments until the loan is repaid in full. 

If debt is a problem for you, then you can get free confidential advice and help.

Ways to bank


Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.


Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.


A friendly face and a quick answer - and all the usual payment services too. We're open 362 days a year.

By phone

Talk to a real person in our our UK contact centre. We’ve temporarily changed our opening hours – click the button below to check when we're available.

Some more things you may like...

How we can help

Types of borrowing

We offer three simple ways to borrow when you need a little extra cash. Choose the best option for you with our helpful guide. 

Switching to us

7-day Switch Guarantee

Switching your current account to Metro Bank is simple and hassle-free. And we guarantee to have it all done and dusted for you in 7 days.

Banking with us

What I need to open an account

With our same-day account opening, you can apply in store and we'll print your card there and then. Having the right documents will help make the process go smoothly.


Protecting your money

Your eligible deposits with Metro Bank are protected by the FSCS.