Shawbrook Bank

  • Loans up to £25,000
  • Tenants & Homeowners
  • Use for any purpose
  • Less than perfect credit
  • Free enquiry service
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Shawbrook Bank

Lender Snapshot

Provide loans from £1000 to £25,000 for people with a near prime credit history. The rate offered depends on your credit history, but applying won’t harm your credit score. Rates start at 8.4% and rise to 19.9% for those with slightly poorer credit histories.

Find Your Best Loan Deals:

  • Fast, FREE enquiry service
  • Multiple Lenders
  • Get 2-3 loan offers (in principle) typically
  • Same Deals as going Direct
  • Save precious time

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Shawbrook Bank: Loan Summary

Representative APR Loan Term (months) Loan Amount (£) Instant decision E-signature available
n/a 12 – 60 1,000 – 25,000
Representative Example: not available – Shawbrook Bank provide tailored quotations for all applicants.

Lender Summary

Shawbrook Bank was founded in 2011 as a specialist lending and saving bank. They serve both smaller businesses and individuals. As at the end of 2015 they had lent over £3bn. They divide their business into Consumer, Property and Business Finance. All of their personal lending is done via intermediaries and brokers such as ourselves. They do not work direct with consumers. If you apply through our website (free service) we will be able to provide you with a tailored quotation for you to compare with other lenders on our site.

Product Features and Service

  • Fast, online application
  • Instant decision using a “soft search” to check eligibility (this is done via our website)
  • No arrangement / set-up fees
  • Can over pay without any penalty
  • Target near-prime customers with rates ranging from 8.4% to 19.9%
  • Age: 21 – 75
  • Employment – unlike many lenders they will accept the self-employed, retired and those on benefits
  • Residential status – both homeowners and non-homeowners

As with all credit provision you will be required to show that loan repayments are affordable, so please be prepared to provide evidence of income and expenditure.

Lender Privacy Policy

You can read Shawbrook Bank’s privacy policy here.

User Ratings & Reviews

Shawbrook Bank has not been reviewed on Solution Loans yet – be the first.

Their personal loan business has not been rated on any of the major review sites yet.

Our opinion

In our view it is too early to comment on the performance of Shawbrook Bank. The ability to tailor loans to individual needs is good but we are uncertain about levels of customer service and also the speed with which payouts are made. We will update this as we learn more and have more direct experience.

Regulatory Information

  • Shawbrook Bank is a trading style of Shawbrook Bank Ltd who is registered in England and Wales, number 00388466. Registered address Lutea House, The Drive, Warley Hill Business Park, Brentwood, Essex, CM13 3BE.
  • Data Protection – registered with the Information Commissioner’s Office, number Z5738403.
  • Authorised and regulated by the Financial Conduct Authority. Reference number 001927.
 

Personal Loans
Guide

If you’re uncertain which type of credit might suit you or you have a money problem then one of guides may help you. We summarise each type of loan and their pros and cons, and address issues regarding debt and credit ratings.

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OUR REPUTATION Personal Loan

OUR REPUTATION

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Written/Reviewed by: Amanda Gillam

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