There are many ways you can use a personal loan, however there are exceptions (please see below for a list of these).
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:
- speculative purchases, for example: gambling, investments and share purchases
- any illegal purposes
- business related purposes
- purchase/lease of land or property, either full or part purchase (including deposit)
- timeshares/holiday clubs
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.