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You can apply for a loan if you:
Learn more about loan eligibility.Back to top
We find that most customers borrow for things like home improvements, such as a new bathroom or kitchen, or a new car. You might need some extra cash to cover an unexpected emergency, like a broken boiler. You could even make your dream holiday a reality.
In some cases a personal loan can also be a good idea if you're looking to consolidate your existing debts into one easy-to-manage monthly payment.
We will not lend for:
These limits apply whether you want to borrow money for yourself or to help support someone else. For example, you can't borrow to give a family member a property deposit.Back to top
Before we can approve you for a Halifax personal loan, we need to ask a few quick questions.
And if you’re new to Halifax, we’ll also need some personal details.
We'll ask for your:
If you have a Halifax current account you could ask to borrow up to £50,000. If you don't bank with us you can ask to borrow up to £25,000.Back to top
If you have a Halifax current account, you should receive the money instantly. In a small number of cases, money will be received up to 72 hours from when the loan documents are signed.
If you don’t hold a current account with us, you should have the money in your account within 2 hours. In some cases it may take a bit longer to have the money in your account - but no more than 3 working days.Back to top
In most cases we give you an answer on the spot. Sometimes it may take a little longer if we need to ask you for any extra details to help us process your request.Back to top
We'll ask you to choose a date to make your monthly repayments by Direct Debit. Your first repayment is due within one month of the date we provide the loan; however, if you choose a date that's within 9 days of us providing the loan, your first repayment will be due on that date in the following month. We charge interest from the date we provide the money to you.Back to top
A personal loan is a an arrangement to borrow money over a fixed term. The term is agreed for you to pay the loan back in fixed monthly amounts, at a fixed rate of interest. At Halifax we offer personal loan repayment terms of between one and seven years. We work out the terms of the loan agreement based on a number of factors, such as the amount you ask to borrow and your monthly income and outgoings.Back to top
With a secured loan, the lender will ask for something such as your home as security, in case you can't pay the loan back. Personal loans are unsecured, so you're not asked to provide anything as security. Rates for unsecured personal loans are worked out on the amount of the loan, the length of the loan, and credit scores.Back to top
APR stands for annual percentage rate. You'll see it as a percentage and it tells you how much it’s likely to cost to borrow money over one year.
It’s not just about the interest you’ll pay. APR factors in both interest and any fees that are automatically charged to your account. This gives you a good idea of the overall cost and is useful if you’re comparing loans or credit cards.Back to top
When you're shopping around for a loan or credit card, the APR (Annual Percentage Rate) helps you to compare options and workout how much they will cost you in total.
A representative APR is the rate that most customers who take loans between £7,500 - £25,000 will receive.Back to top
Most lenders base their decision to lend you money on your credit history. This is called 'credit scoring'. When you apply for a loan we look at the information you give us and other factors, such as how you manage other accounts you might have with us.
We also use other information from credit reference agencies such as Experian, Equifax or TransUnion. They keep records on your borrowing and payment habits, including how much credit you have outstanding and if you've missed any payments.
If you have a number of missed or late payments you may be considered as 'high risk'. In these cases we may offer a loan at a higher rate of interest or decline your request.
If you're worried about your credit rating you can ask for a credit report from any of the credit reference agencies. Find out how to check your credit score.Back to top
Yes, you can make extra payments on top of your monthly amount and we won't charge you for doing so. This will reduce the total amount of interest you’ll pay and could reduce your loan term. Our calculator can help by showing you how.
Remember to continue to make your monthly repayments, even if you make additional payments.Back to top
If you have a Halifax bank account:
Sign in to Online Banking and select your loan from the account overview page. From there you can follow the instructions for additional payments.
You can make online payments from any Halifax current or savings account.
If you haven't registered for Online Banking yet, it only takes a few minutes to sign up and you'll be able to manage your loan online.
If you'd rather speak to someone, come and see us in your nearest branch or call us on 0345 604 7292. Lines are open 8am-10pm, 7days a week.
If you don’t have a Halifax bank account:
You can make additional payments over the phone. Call us on 0345 604 7292 (lines open 8am-10pm, 7 days a week). You can make payments from any UK bank or building society account.
Or, whether you have a Halifax current or not:
You can pay from a current account, in the same way you pay a bill or a person. Please use these payment details:
Account number: 90000468
Sort code: 77-77-90
Reference number: this is your 12 digit loan account number - you can find this on your Internet Banking or any letters about your loan you've received from us.Back to top
Yes, you can, but we may charge you up to 58 days' interest (this charge doesn't apply to Clarity Loan customers. Please note: we do not offer Clarity Loans any more).Back to top
If you've signed up for Online Banking, you can see your current loan balance online. Please be aware though that this may not be the amount you need to repay if you want to settle your loan early. If you want to settle your loan early, you can ask for an early settlement quote in Online Banking.
If you'd rather talk to someone, give our Customer Services team a call and they'll tell you your balance and will be able to give you your final settlement figure.Back to top
If you find that you can't keep up with your payments you should let us know as soon as possible. We'll do what we can to help and offer advice on how to get back on track.
If you'd like more advice, try one of the numbers below. These organisations should be able to answer your questions and offer advice.
PayPlan (0800 917 7823).
Stepchange Debt Charity (0800 138 1111).
National Debtline (0808 808 4000).Back to top
Yes, you can ask to borrow more at any time, subject to approval.
If you want to borrow more to refinance existing debts, you could pay a higher rate of interest or make repayments over a longer term. This could increase the total amount of interest you pay.
You can either:
Please note that when we work out the amount you need to repay your existing loan in full, we will include up to 58 days’ interest. This does not apply when refinancing a Clarity Loan or Personal Loan with us.
If you have a Halifax bank account , you can either sign into Online Banking or call us to ask to borrow more.
If you don’t bank with us, you can apply for an additional loan online. If you want to close your existing loan and replace it with a larger one, you should call us.Back to top
If you've an existing loan account with us, you can tell us of any changes to your details here.
You must be resident in the UK (excluding the Channel Islands and the Isle of Man) to be eligible for a Halifax Personal Loan.
If you’ve a loan account with us but move outside the UK in the future, you must let us know as it may affect your ability to hold the account or the services we can provide. We’ll contact you if we have to close your loan account.
Halifax is part of Lloyds Banking Group. If you have products with other companies within the Group, moving outside the UK may also affect whether you can continue to hold those.Back to top
Write to us
Lines open Mon-Sun: 8am-10pm
Option 1: for a new loan or increased borrowing
Write to us
Halifax Personal Loans Service Centre
Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.