A bank, building society, finance company or Bradford Credit Union can give you a personal loan. You do not usually have to be an existing customer.
It is important to be careful about borrowing money. If you need a loan because you are struggling with money, there are other options you should consider first, which may help you with your money problems. Go to Help with money problems.
Where you need to go
You can apply for a loan in person at a branch or by post, phone or online.
Advisers at the bank, building society or finance company will be able to advise you about the best loan for you and what they need to know about your circumstances.
You will usually need to provide proof of your ID and address, and details about your financial circumstances including your income, how much money you spend every month and your credit history.
Citizens Advice Bureau has some helpful information about loans on its website:
Citizens Advice on Personal Loans
*** Be careful who you get a loan from ***
You should only borrow money from a trusted lender.
Some types of loans can be risky or even illegal.
‘Payday loans’ are legal and offer quick access to loans. But be aware, your debt can increase quickly if you don’t pay it off quickly.
‘Loan sharks’ are illegal lenders who often target vulnerable people. They might seem friendly at first but their loans often come with huge interest rates and they may even use threats and harassment.
You can report a loan shark or illegal money lender to the government.
Use these contact details.
0300 555 2222
[email protected]
