Post Office personal loans

Loan type	Unsecured personal loan
Rates displayed	Representative
Loan amounts available	£1,000 – £25,000
Loan terms available	12 – 84 months (1 – 7 Years)
Age eligibility requirements	Minimum age 18, must be no older than 70 by loan term end date.
Access for lower credit scores	Low approval chance. CCJ or bankruptcy status not accepted.
Chance of acceptance available	No
Loan pay out time after approval	24-48 hours
Early repayment options	Yes, with potential fees
Online application	Yes

Whilst we always try to be accurate in the rates, amounts and benefits offered by lenders, these are controlled by the lenders and not Aro. As such, they are subject to change and final decisions may differ slightly from the information below. Acceptance is subject to final checks and is not guaranteed.

Can I get a Post Office personal loan?

Yes. Post Office is a broker, which means they help organise loans for other lenders to put you in contact with the right option. They offer loan amounts from £1,000 to £25,000 that can be taken out across 12 months to 7 years, providing financial products backed by the same great service you’ve come to know and love. When considering options for a loan, Post Office may be the right option for you.

How much can I borrow with a Post Office personal loan?

Ranging from £1,000 to £25,000, Post Office loans are well suited for a broad range of needs, and the repayment plan is able to be spread over one to seven years. The specific amount that is made available for you to borrow will depend on your personal circumstances.

What interest rate will I get from a Post Office loan?

The interest rate you’re offered for a Post Office personal loan will depend on your credit score and personal circumstances. They use representative rates to give you an indication of what you can expect, and if you have a healthier credit score it is likely you will be offered a lower APR if you proceed. This is because a lender sees you as a less risky person to take out a loan.

If you’ve had problems with your credit history in the past or you haven’t taken a loan or credit out before, lenders will be less willing to lend to you. This means that rates you are offered may be higher, causing monthly payments to be higher.

If you’re looking to make changes and start working on your credit health, check out our top tips for improving credit score.

What can I use a Post Office personal loan for?

People who take out a personal loan use them for a variety of purposes. Some use it to develop their home, some may use it to fund a large purchase. The most common uses for personal loans include:

Debt consolidation
Home improvements
Purchasing a new car
Holidays or travelling
Weddings

Who is eligible for a Post Office personal loan?

Your credit score and personal circumstances will affect your eligibility for a Post Office personal loan. When assessing if you are eligible, most lenders will assess how risky you are by looking at your credit score and financial situation to see if you can afford to take out the loan.

To be eligible for a loan with Post Office, you’ll need to:

Be aged 21 or over, and no older than 70 when the loan term ends
Have a UK bank account (or building society account) that can make Direct Debits
Have been a UK resident for a minimum of 3 years
Have a regular annual income of over £12,000
Not have any County Court Judgements (CCJs) on your credit file
Not have a history of poor credit or bankruptcy

How quickly do Post Office pay out their loans?

Once they have received your signed authorisation and acceptance of the loan agreement, Post Office loans should be paid within two working days. Personal loans require less paperwork than secured loans which makes them able to be paid out much sooner. Some lenders are able to pay out personal loans within a couple of days, if not the same day.

Can I pay off my Post Office personal loan early?

Yes, there are options to either make early repayments or extra payments throughout the term. There may be fees involved depending on how much you overpay and when. If your circumstances change and you can afford to make extra payments towards your loan, you will save money on interest.

Can I take out a Post Office loan if I am self-employed?

Yes, there are no restrictions stopping you from applying if you are self-employed, but you may be asked to provide further proof or documentation to support your application. This will help the lender assess how well you can afford any repayments.

What should I consider before taking out a Post Office loan?

Whenever you borrow money, it is important to make sure you only borrow amounts that you can afford to repay.

You may need to provide bank or ID verification
Your loan offer will be subject to final lender and fraud checks
Post Office may need to reach out to you by phone if they need any further information or verification
Missed repayments can negatively impact your credit score

How do I check my eligibility for Post Office personal loans?

You can check your eligibility using Aro’s free eligibility checker. It allows you to view your potential options and your chance of approval with just a soft credit check that won’t harm your credit score. Add in your details and see your eligibility against loans from Post Office and a range of other UK lenders in minutes.

Check my eligibility

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