Personal Loans
Borrow £3,000 - £25,000 without the risk of your home being repossessed. Straightforward loans from an FCA authorised lender.
Norwich Trust offers personal loans exclusively for homeowners across the UK. With fixed monthly repayments over a set term, our loans help you manage your budget and spread the cost of borrowing effectively.
Benefits of a Personal loan
Representative Example: £15,000 over 72 months, 30.9% APR fixed. Monthly payment £424.83. Annual interest rate 26.64% fixed. Interest payable £15,388.76. Total repayable £30,587.76, which includes a £199 lender fee.'
Minimum repayment period: 36 months. Maximum repayment period: 120 months. Maximum APR 37.9%.
Personal loan uses
Our loans can be used for many purposes including...
Debt consolidation
Home improvements
Vehicle Finance
Weddings
Personal Loan Criteria
Age
You must be at least 21 at the start of the loan term and under 71 at the time the loan ends.
Location
You must have been a UK resident for at least the last two years.
Employment
You’ll need to have monthly income after tax of at least £1,300 or £1,800 if you’re under 30 years of age to be eligible.
Homeownership
Applicants must own a residential property in the UK. This includes shared ownership and buy to let properties, properties purchased using help to buy, as well as those owned outright. You must be named on the deeds of the property to be classed as a homeowner.
Who are Norwich Trust?
We are a trusted UK direct lender based in Norwich, Norfolk, who provide unsecured homeowner loans. We help homeowners across the UK access affordable finance without securing the loan against their property. Established in 2024 and part of the Norfolk Capital Group, we benefit from more than 30 years of experience supporting people who may have been declined by high street lenders or have less-than-perfect credit. We are proud to have an Excellent Trustpilot rating, reflecting our commitment to outstanding customer service and positive customer experiences.
Whether you're looking to consolidate existing debts into one manageable monthly payment, fund a home improvement project, cover unexpected expenses, or achieve other financial goals, our experienced team is committed to finding a solution that works for your circumstances and we aim to get a decision to you within a working day.
At Norwich Trust, we believe borrowing should be straightforward, transparent, and focused on achieving positive customer outcomes. We take the time to understand your individual needs, providing clear guidance throughout the application process ensuring every loan is both responsible and affordable.
Our mission is to make unsecured homeowner loans accessible to those who need them most, helping customers across the UK move forward with confidence—even when traditional lenders have said no.
3 steps to applying for a Personal loan
Complete the online application and authorise us to review your bank account transactions via Open Banking.
Carry out an affordability assessment with a member of our lending team.
A few final checks and then we’ll transfer the loan funds.
Frequently asked questions about Personal loans
Norwich Trust offers personal loans of between £3,000 and £25,000. The amount you can borrow will depend on your financial circumstances.
We offer loan terms from 3 to 10 years depending on the amount you borrow.
Our interest rates range from 25.9% to 34.9% APR and are fixed for the whole of the loan term. The APR is based on the loan amount, so what you see is what you get.
Norwich Trust customers can only hold one active loan at a time. After 12 months of repayments, you may be eligible to borrow more money and combine everything into a single monthly repayment.
We can usually get you a decision within one working day.
Yes. You can repay your loan in full at any time, however there will be an early settlement fee which is usually around 2 months interest.
It may be possible to get a personal loan with a less-than-perfect credit history. Norwich Trust specialises in helping UK borrowers who may have experienced credit challenges in the past.
We do a soft credit search when we check your eligibility which won't affect your credit score and won't appear if other firms do a credit search. If your loan is approved the search will become a "hard search" at which point it will appear on your credit file and may affect your credit score.