Comparing loans with Money Expert
Free, no obligation search
Finding a quote costs nothing at all and you're not committed to any deal you see
No impact on your credit score**
We perform a soft eligibility search that won't affect your credit report
Choose from over 40 lenders***
We'll show you loans from a range of top lenders and banks, so you know you're in safe hands
Finding the best loan for you doesn’t need to be tricky. With so many different types of loan for you to choose from, getting your head around what suits you best can be difficult.
Whether you need a personal loan to help you with household maintenance, or a loan to help you consolidate any debts, there is a wide range of products available for you. Knowing where to start can be the hardest hurdle to pass.
At Money Expert we want to make borrowing simple, helping you to find a personal loan tailored to your needs, leaving you free to enjoy the simple things in life.
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*% of reviews from TrustPilot gave an “Excellent” or “Great” rating, as of . Overall rating on TrustPilot was / 5 as of . | **Although lending partners initial eligibility checks involve a soft pull of your credit information, and there is no impact on your credit file at this stage, lending partners may subsequently conduct a hard search, prior to finalising your loan offer. This hard search would stay on your report for 12 months. | ***Correct as of August 2020
Types of loan
Depending on your circumstances, there are a range of different types of loan that might suit your needs.
What is a guarantor loan?
Guarantor loans are suitable for those that haven’t borrowed money before or have a poor credit history.
To take one out, you will require a guarantor (usually a family member or friend) who will agree to keep up with your repayments should you fail to do so.
What is a secured loan?
Similar to a mortgage, a secured loan involves borrowing money that is secured against an asset that you own, like your home. This gives the lender a bit more security, while for the borrower there is the potential to borrow larger amounts and repay over longer terms.
It is worth knowing how secured loans and their repayments work before you take one out. However, if you already have a good credit rating and are certain you will be able to keep up with repayments, a secured loan is a viable option.
What is a persoanl loan?
A personal loan is when you borrow a fixed amount of money from a lender, then you simply pay it back in monthly payments, plus any additional interest.
Personal loans can be used for a number of different reasons, such funding home improvements, buying a car or paying for a holiday.
The rate you are offered on a personal loan will depend on your credit score. The better your score, the lower the rates you’re likely to be offered by our lenders.
What is a bridging loan?
Bridging loans are short term secured loans used to cover a temporary shortage of credit, when a down payment is needed on a new mortgage before an existing home is sold, for example.
This type of loan may come with additional fees, and you will need an exit plan in mind before accepting a bridging loan.
Short term secured loan
Mainly used to help with property transactions
May include additional fees
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Why use Money Expert to compare loans?
At Money Expert, we want to make borrowing simple.
That is why our loan comparison won’t impact your credit score, comparing offers from over 40 lenders.
Whatever you require a loan for, we will do our best to find the best loan suited for your circumstances.
Free and no obligation
Money Expert will always be free, and you are under no obligation to accept a quote.
All loan features are clearly shown with no hidden costs.
No impact on your credit score*
We use a “soft search” to match you to your credit file, leaving no impact on your credit rating.
Tailored to your circumstances, Money Expert will provide you with a wide range of loans to choose from within 2 minutes.
Safe and secure process
We understand how important it is for you to feel safe online; your experience with us will always be secure.
Over 40 lenders & banks**
We will match you with personalised offers from a panel of over 40 lenders
*Although lending partners initial eligibility checks involve a soft pull of your credit information, and there is no impact on your credit file at this stage, lending partners may subsequently conduct a hard search, prior to finalising your loan offer. This hard search would stay on your report for 12 months. | **Correct as of August 2020
How to compare loans
Comparing loans has never been easier. All you need to do is tell us a bit about yourself. Here’s our simple guide to checking your eligibility for your loan:
First off, tell us how much you’d like to borrow, what it’s for, and how long you need the loan for.
We need to know about you, your address, and contact details.
Tell us about your current living situation; i.e. do you rent, own your own home, etc.
Tell us your employment status, length of employment and pay frequency, so lenders understand how you generate an income.
Including details of your monthly income, and your current outgoings
The final tick
Make sure you have checked the details you have offered us and then tick the box. Easy!
Frequently asked questions
Will searching for a loan affect my credit score?
Searching for a loan with Money Expert will not affect your credit score. We will only ever use a “soft search” to check and match you to your credit report. This shows us how well you are likely to pay back your loan, without conducting a full examination of your credit history.
Unlike “hard searches,” only you will be able to see that a search has been done on your credit report. Other companies cannot see that a search has been done, so no impact is made on your credit score or any other future applications you may make.
Should you accept or apply for a loan, a “hard” search will be carried out. Here are a few of the differences between the credit checks:
“Soft” credit checks:
- When you search your own credit report
- An identity check is made from a company searching for your credit report
- You compare credit or a loan online via a reputable credit lender or broker
“Hard” credit checks:
- You apply to a utility company, i.e. water, electricity, gas
- You apply for a mobile phone contract
- You apply for a loan, mortgage or credit card
In short, just searching for a loan will not do any damage to your credit score.
How much can I borrow?
Each personal loan is tailored to your circumstances. The exact amount you can borrow will be determined by your credit rating and your financial situation at the time of application.
Personal loans can be awarded up to the value of £50,000. If you need a bigger loan, you may wish to consider a secured, homeowner loan. Whatever you decide, make sure it is the right choice for you. Any amount you want to borrow needs to be affordable with your circumstances, so that you can make your repayments.
Take a look at our comprehensive loans guide for more information.
Bear in mind that when searching for a loan, something that sounds too good to be true often is. Using our free personal loans comparison service will help you find the best loans available for you. With no hidden fees or surprises, you can trust our results.
How do I check my loan options?
Borrowing money has never been easier. Filling out our quick loan comparison calculator will take you moments. All we need to know is the amount, purpose and duration you want to have your loan for. After you’ve done that hit the red button. That’s it!
About our loan comparison service
The loan comparison service via this website is provided by MoneyExpert in association with Freedom Finance.
Freedom Finance is a broker, not a lender and it matches a customer's loan application with lenders and brokers from our panel depending on the information provided.
Who are Money Expert?
Money Expert is a full service, 100% independent price comparison website. We have helped over 1 million customers save on utilities, broadband, and loans since we launched in 2003.
We aren’t owned by an insurance or lending company, and will always seek to get you the best loan deal possible. Getting a quote is free, there are no obligations, and it won't affect your credit score!
We endeavour to keep our users fully informed when it comes to taking out a loan. Please read through our handy guides to find the information you need.
Last reviewed: 1 June 2023
Next review: 1 July 2023