Post Office

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Personal Loan application can be made via Post Office. You can apply in Post Office branches for Personal Loan 2019 2020 rates offers are quite attractive

Post Office Personal Loan

If you want to fulfill your dreams, if the financial reserves and resources are insufficient, Post Office Personal Loan is certainly a very good decision. Whether you are looking for a new interior for the living room or cash for holiday.

Post Office Personal loans are provided with 3.1% APR Representative (Fixed) on loans from £15,001 – £25,000. Post Office Personal Loan Applications are usually finalized instantly. Depending on the amount you have borrowed, repayment schedule dates between 1-7 years. You can withdraw your Personal Loan next day and also applying for loan does not affect your Credit Score.

Your quick Personal Loan might be around the corner! Post Office provides a wide range of banking services all over UK. Post Office Banking Services are straightforward and easy to use. Post Office Personal Loans are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender and is able to provide cheap loans.

Post Office Personal Loan can be paid faster than the payment schedule without penalty. Application for loan can be made via any of the Post Office branches. During application you need to verify that you have been an UK resident for past 3 years, have a regular income above £12,000 a year, between ages of 21-70, credit rating without a history of County Court Judgment or bankruptcy. You should also have a UK based Bank or Building Society account that you can pay direct debit from.

If you do not pay the required installment, you will incur default charges of £12 for each missed or unpaid repayment. Post Office will also charge you interest at the interest rate shown in the loan agreement on any overdue amounts.

Effective APR on Post Office Personal Loans is around 3.1%. This amount may change depending on your credit score and term of the loan. Minimum APR is inclusive of any fees charged when setting up the loan and any other costs applicable to the loan.

Post Office Personal Loan is a fixed rate loan, therefore your payment schedule would not change after you take the loan. Post Office Personal Loan does provide a loan Repayments Calculator that you can use to calculate monthly payments.

APR & Interest Rates: The interest rate offered on assessment may differ and the representative rate may not be the rate that you receive. The rate you are offered will depend on a number of factors including the amount you wish to borrow, your chosen term, your personal circumstances and your credit rating. The maximum APR you could be offered is 29.9%.

£ 20.000 Personal Loan at 3.1% APR Repayment Example

If you choose to take out a Personal Loan of £ 20.000 from Post Office with 3.1% APR (Fixed) and repay over 48 Months your Monthly Repayment amount would be £443.19 and in total you would pay £21,273.07.

If you decide on a faster repayment schedule, you can repay over 36 Months. With such a repayment plan your Monthly Repayment amount would be £582.13 and in total you would pay £20,956.50 .

Finding a suitable Personal Loan with Brexit on the horizon would be difficult. Therefore we suggest you to check out other Personal Loan options on our site.

Physical address of the Post Office is usually on a main high street where you can also make the loan application. Official registered address of the Post Office UK is: Finsbury Dials, 20 Finsbury St, Finsbury, London EC2Y 9AQ, United Kingdom .