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Important information about our loans
Here's the gist
A loan can be a convenient way to borrow a fixed amount and repay it by spreading the payments over a set period (the Term). With a loan, interest is charged on the amount you borrow so you'll need to pick an amount and term that you can afford.
A decision to offer you a loan is based on your individual circumstances. All loans are subject to terms and conditions, an example of which can be viewed here for our Personal Loan (PDF). We advise you to read this information fully before applying for a loan.
Key information for our range of Halifax unsecured loans
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test Interest charging information |
The interest rate is fixed and guaranteed for the life of the loan. |
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Payment is by direct debit. The payments are monthly until the loan is repaid. |
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You can choose to repay your loan over 1 to 7 years. |
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£1,000 to £50,000. |
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There is no arrangement fee. |
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If you miss a monthly repayment, your loan will be transferred to our Collections department and we will charge you £25. If you continue to break the agreement you may be subject to further charges. |
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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. Please note we no longer offer the Clarity Loan product. |
Halifax is a division of Bank of Scotland plc. Registered in Scotland number SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.
Written quotations are available on request. All lending is subject to appraisal by the Bank of the applicant's financial status. To apply, you must be aged at least 18 years and a UK resident (excluding the Channel Islands and the Isle of Man). APR details are correct at time of publication. Certain purposes of loan may be excluded or have limited repayment periods; please call us for details.
We charge interest for the complete duration of the loan including the period between the start of your loan and your first 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. The rate you are offered will depend on credit assessment procedures, your personal circumstances and other related factors.