Benefits of a unsecured loan
 | No need to use your home as security |
| Straightforward online application process |
| Faster completion than secured loan products |
Representative Example: £15,000 over 72 months, 30.9% APR fixed. Monthly payment £424.83. Annual interest rate 26.35% fixed. Interest payable £15,288.76. Total repayable £30,587.76, which includes a £299 lender fee.
Apply
Complete the online application and provide digital bank statements via Experian’s Affordability Passport.
Review
Our underwriters will review your application, usually within a working day.
Complete
If your application is approved, funds will be released within a working day.
Unsecured 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.
Unsecured Loan Uses
We offer loans for various purposes including…
Debt Consolidation
Home Improvements
Vehicle Purchase
Wedding Costs
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. Norwich Trust was incorporated in 2020 and we began lending under the Norwich Trust brand in 2024. As 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.
Frequently asked questions about Unsecured Loans
An unsecured loan is a type of personal borrowing that does not require you to provide an asset, such as your home or car, as security.
Unsecured loans can be used for a variety of purposes, including debt consolidation, home improvements, weddings, or vehicle purchases.
Yes. An unsecured loan can combine multiple debts into a single monthly repayment, making it easier to manage your finances. Debt consolidation may also help reduce overall interest costs if you qualify for a lower rate.
Norwich Trust offers unsecured loans of between £3,000 and £25,000. The amount you can borrow will depend on your financial circumstances.
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.
It may be possible to get an unsecured loan with a less-than-perfect credit history. Norwich Trust specialises in helping UK borrowers who may have had credit challenges in the past.
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.
Yes. Norwich Trust allows customers to make up to three times their monthly instalment in overpayments each month.