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Credit > Loans > UK Loans > Norwich Union
This kind of loan can be used for anything such as a new or used car to a holiday or home improvements.
It is possible to borrow more with a Norwich Union personal loan than many other lenders offer - up to £25,000, where as most only offer up to £15,000 for their unsecured loans. You can repay over 12 to 84 months. Again this is longer than most comparable loans so if you want to spread the cost over a longer period to make your monthly repayments easier this might be a good loan ot look at.
The online application process is quick and easy - it should only take around 5 to 10 minutes. Approved loans are generally funded pretty quickly but if you need the money even sooner you can pay a delivery fee of £45 to get the cheque mailed to you within 24 hrs.
Interest rates are fairly competitive with a typical rate of 7.9% p.a fixed. There is also a repayment holiday at the start of the loan with no repayments necessary for the first 3 months.
Summary Table
Norwich Union offers a wider range of options than many other unsecured loan lenders - you can borrow more and for a longer period of time, allowing you to spread the cost of any really big purchases. You can borrow up to £25,000 for up to 7 years. Obviously, the amount an individual will be approved to borrow will depend on your own circumstances.
The interest rate is fairly competitive although I have seen some lower, such as the Cahoot Fixed Rate loan, although Norwich Union has no arrangement fee and gives you that 3 months repayment holiday at the start of the loan.
Norwich Union Loans
Norwich Union is a well known and trusted company in the UK. Traditionally they have specialised in insurance products and services but they have now expanded into offering personal unsecured loans.This kind of loan can be used for anything such as a new or used car to a holiday or home improvements.
It is possible to borrow more with a Norwich Union personal loan than many other lenders offer - up to £25,000, where as most only offer up to £15,000 for their unsecured loans. You can repay over 12 to 84 months. Again this is longer than most comparable loans so if you want to spread the cost over a longer period to make your monthly repayments easier this might be a good loan ot look at.
The online application process is quick and easy - it should only take around 5 to 10 minutes. Approved loans are generally funded pretty quickly but if you need the money even sooner you can pay a delivery fee of £45 to get the cheque mailed to you within 24 hrs.
Interest rates are fairly competitive with a typical rate of 7.9% p.a fixed. There is also a repayment holiday at the start of the loan with no repayments necessary for the first 3 months.
Summary Table
| Interest Rate | Typical 7.9% p.a Fixed |
| Repayment Terms | 1 to 7 years |
| Loan Amounts | £1,000 to £25,000 |
| Secured? | No |
Credit Sources Review
With all the different website around these days that are offering loans, it can often be more comfortable to go with a brand name that you know you can trust. Norwich Union would definitely fall into this category.Norwich Union offers a wider range of options than many other unsecured loan lenders - you can borrow more and for a longer period of time, allowing you to spread the cost of any really big purchases. You can borrow up to £25,000 for up to 7 years. Obviously, the amount an individual will be approved to borrow will depend on your own circumstances.
The interest rate is fairly competitive although I have seen some lower, such as the Cahoot Fixed Rate loan, although Norwich Union has no arrangement fee and gives you that 3 months repayment holiday at the start of the loan.
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