Clarity loan - A straightforward personal loan

If you’re an existing Halifax customer and need a flexible way to borrow money, then a personal loan could be the answer. You could have the money in minutes.

  • 5.9% APR Representative for loans of £7,000 to £15,000.Check the most you’ll pay with our Repayment Promise
  • Instant money for most current account customers
  • Apply for and manage your loan in branch, over the phone or online
  • Overpay as much as you want, when you want
  • No charge to pay off your loan early for Clarity loan customers*

 Get your quote and apply 

Manage your loan online

  • View your loan transactions
  • Make additional payments
  • Get an early settlement quote
  • Pay off your loan early
  • Apply for a repayment holiday.

Repayment Promise

For a range of popular loan amounts, whether you’re applying for a new loan or borrowing more on an existing loan, we are guaranteeing the maximum amount you’ll pay each month when borrowing over 5 years:

Borrow over 5 years... And pay each month
£5,000 £149
£7,000 £189
£10,000 £279
£12,000 £339
£15,000 £419

Representative example: You could borrow £10,000 over 60 months with 60 monthly repayments of £210.12. The total amount repayable will be £12,607.20 at 9.9% APR representative, and an annual interest rate (fixed) 9.95%.

Important information

Key information for our Halifax Unsecured Personal Loan
Interest charging information The interest rate is fixed and guaranteed for the life of the loan.
Repayment information Payment is by direct debit. The payments are monthly until the loan is repaid.
Repayment period You can choose to repay your loan over 1 to 7 years.
Amount of loan available Loans are available to existing customers from £1,000 to £25,000.
Arrangement fee There is no arrangement fee.
Default fees We may charge you for our other losses or reasonable costs as a result of you breaking the agreement, including the costs of finding, notifying or contacting you and enforcing the agreement.
Early settlement You can repay your loan in full or in part at any time during the repayment period. There is no early settlement adjustment made on our Clarity Loan. An early settlement adjustment may be made on our other loan products.

Written quotations are available on request.

All lending is subject to appraisal by the Bank of the applicant's financial status.

To apply for a loan, you must:

  • Be an existing Halifax customer with at least one of the following Halifax accounts - current account (excluding Easycash), mortgage, savings, credit card or loan
  • Be over 18 years old
  • Be in paid employment
  • Not be in full time education
  • Have a bank/building society account
  • Be a UK resident with a permanent UK address (excluding the Channel Islands and the Isle of Man)
  • Not have been declined for credit in the last month
  • Not have a history of bad credit such as arrears, county court judgements (CCJs), default or bankruptcy

Certain purposes of loan may be excluded or have limited repayment periods; please ring 08458 50 37 08 for details.

The rate you are offered will depend on credit assessment procedures, your personal circumstances and other related factors.

We charge interest for the complete duration of the loan including the period between the start of your loan and your first monthly repayment.

If you are in breach of your Halifax loan agreement we may take any money you owe us from any other accounts you have with us which have a credit balance, including a joint account providing the conditions allow and there are sufficient funds.

Products and offers are subject to conditions and can be withdrawn without notice. Loans are provided by Halifax. Halifax is a division of Bank of Scotland plc. Registered in Scotland number SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.

Important information & lending criteria

How quickly can I get the money?

For most customers who have a Halifax bank account and are registered for Online Banking we can put the money into your account the instant you are approved.

For customers who don't use Online Banking or are applying for an additional loan online, funds can be transferred to a Halifax or Bank of Scotland account within 48 hours from when signed loan documents are received before 2pm. Documents received after 2pm could take up to 72 hours.

For customers that don't have a Halifax or Bank of Scotland bank account, funds can be transferred to another bank account within five days from receipt of signed loan documentation.

How quickly do I get the decision?

In most cases we offer instant decisions, although there may be occasions when we require further information before we can complete your application. What does “Representative APR” mean?

The Representative Annual Percentage Rate (APR) is the rate that at least 51% of our customers get when applying for a loan on this web site. Actual rates may vary depending on personal circumstances and we'll let you know your personal loan rate during the application process.

Can I repay my loan early?

You can repay any amount off your loan at any time during the repayment period and we'll recalculate your balance and term. Please note that while we don’t charge for settling your loan early for Clarity Loan customers an early settlement adjustment may be made on our other loan products.

*There is no early settlement adjustment made on our Clarity Loan. An early settlement adjustment may be made on our other loan products.

We subscribe to The Lending Code.

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000.
Registered Office: The Mound, Edinburgh EH1 1YZ.

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(Between £1,000 and £25,000)
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