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Small Loans

A little extra budget can go a long way, so why wait?

Voted UK’s Best Personal Loan Provider for the last 10 years running

4.9 3523

Low rate loans from

7.9 % APR

Representative on £5,000 to £7,500

Representative on £5,000 to £7,500

Make your budget go further with a small loan

A small loan can help you spread the cost of a purchase. From special occasions and one-off purchases to unexpected bills, it’s not always easy to find the money you need upfront. A little loan allows you to split the cost into more manageable monthly repayments instead.

Top up your funds, avoid dipping into your hard-earned savings or simply reach your goals much sooner by getting a small loan.

The benefits of our small loans

A small loan could be a good option if you want to spread the cost of a big purchase over a fixed timeframe – between 2 and 5 years depending on how much you want to borrow. Whether you're looking for a little loan to buy a new bike or a £5k loan to fund a fabulous family holiday, we're here to help make your dreams happen.

If you have a good credit history and want to use a small loan to boost your budget, here are just a few reasons to borrow from Novuna Personal Finance…

  • Borrow from £1,000 to £7,500 from the UK’s Best Personal Loan Provider

  • Low interest small loans from 7.9% APR Representative (£5,000-£7,500)

  • We’re a small loans direct lender. No upfront fees or hidden charges

  • Easy to make additional payments or settle your loan early

  • Fixed-rate monthly payments so you’ll always know how much you need to pay and when

  • Spread your repayments between 2 to 5 years – you choose what suits you

  • Manage your account online or via the app, making it easier to control your loan

  • Ideal for those with a good credit history who want to borrow from a reputable provider

How much will a small loan cost?

With low interest rates from 7.9% APR Representative (£5,000-£7,500), a little loan might cost you less than you think. Find out how much a small loan might cost each month or in total.

Loan calculator

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Our price promise

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Our price promise

A loan of £5,000 over 5 years: rate of interest 7.9% (fixed), 7.9% APR Representative, monthly repayment of £100.51, total repayment of £6030.60

Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Novuna Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £158.07 per month with our maximum 32.9% APR Representative when you borrow £5,000 over 5 years*.

The maximum APR you could be offered when you borrow other loan values is 36.4%*. All loans are subject to status.

*Only for applications carried out directly via the Novuna Personal Finance website

How does a small loan work?

Getting a small loan can be simple when you choose Novuna Personal Finance:

Step one: Choose how much you want to borrow (between £1,000 and £7,500) and over how long (between 2 and 5 years)

Step two: Fill out our easy online application form in just minutes and get an instant decision

Step three: If your loan is approved, read and sign your credit agreement

Step four: The money could be in your bank account within two working days

Step five: Make your monthly repayments, with the first payment due one month after the day you sign your agreement

Step six: Manage your account online or via our app. Update your details, check your balance, make payments early, get a settlement quote and much more.

It’s important to remember that taking out a loan, no matter how small, is an important financial decision. You should always make sure you can afford the repayments and that the loan won’t affect your financial situation.

Our small loans are big on value

Borrow up to £7,500 with competitive rates from as low as 7.9% APR Representative (£5,000-£7,500).

Looking for the cheapest small loan rates? Here’s how our Representative APR compares to that of our competitors.

Bank of Scotland29.7%26.7%26.7%16.1%16.1%16.1%
Barclays Bank20.9%20.9%20.9%13.5%13.5%13.5%
Lloyds Bank29.7%26.7%26.7%16.1%16.1%16.1%
MBNA Limited18.4%11.7%11.7%10.2%10.2%10.2%
Monzo Bank28.0%28.0%28.0%28.0%28.0%28.0%

* Competitor rates valid as of 17/01/2024 (Source: MoneyFacts). All loans are based on a 60 month term.

Read real customer stories

"Novuna helped make my career goals a reality"

With the help of a Novuna Personal Finance loan, Richard was able to consolidate his credit cards and enrol on the retraining course he needed to kick-start his career journey.

Take a look at how a personal loan helped Richard

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