Borrowing Options.

If you’re going to borrow money, it’s important that you choose an option that’s right for your circumstances, so you need to do your homework and compare all of the options available to you.

Personal LoanCredit CardCurrent Account - Planned Overdraft
Eligibility criteria

Online Loan:
All new and existing Halifax customers can apply online.

Clarity Loan:
If you have a Halifax current account, you can apply online, in branch or over the phone.
If you don’t have a Halifax current account, but have a Halifax credit card, loan or mortgage, you can apply in branch or over the phone.

Applicants are approved subject to status and must be a UK resident aged 18 or over. Applicants are approved subject to status and must be a UK resident aged 18 or over.
How much you could borrow

Online Loan: £1,000 to £50,000.
To be eligible for an Online Loan greater than £25,000, you must have held a Halifax current account for at least 1 month.

Clarity Loan: £1,000 to £50,000.

Subject to status. Subject to status.
Repayment term 1 to 7 years. This term is fixed when you take out your loan. Credit cards are designed to be a flexible form of borrowing so there is usually no set repayment term.
It's worth bearing in mind that some of our cards have interest-free promotional periods and these are usually only for a specified period of time. In order to keep this promotional rate you will need to pay at least the minimum payment each month and stay within your credit limit.
Only paying the minimum will cost you more as it’ll take longer to clear your balance.
Overdrafts are designed to be a flexible form of borrowing however you should note that they are repayable on demand.
Fixed interest rates/fees? The interest rate is fixed and guaranteed for the life of your loan. We don't charge you any fees to set up your loan but fees can apply if you miss a payment. Interest rates are variable, which means they can either go up or down. To find our more about variable interest rates, call our Credit Card Customer Services team. Depending on your account, we may charge you either debit interest or a daily fee for using an overdraft.
Repayments Fixed monthly repayment with the option to overpay however much you like whenever you like.
Also, there's no fee for paying off a Clarity Loan early so you could pay off in a lump sum at any time. This could shorten your loan's term or reduce the amount of interest you pay. An early settlement adjustment may be made on our other loan products.
It’s up to you how much you repay each month. You must pay at least the minimum payment by the due date each month, but you can also choose to pay either the full balance, a fixed percentage of your account balance or a fixed amount each month to reduce your balance quicker.
You won't be charged for paying more than the minimum payment and can set-up a direct debit for all of these options to help ensure you don't miss any payments.
An overdraft can help tide you over until your next pay day when your account will go back into credit.
Secured against your property? No. No. No.
Find out more Find out more Find out more

 

If you're an existing Halifax Mortgage customer, you may be able to borrow more.

Your home may be repossessed if you do not keep up repayments on your mortgage.