Award-winning Small Loans

With our smaller loans, you can borrow between £1,000 and £7,499 and choose a term from 2 to 5 years. We’ll then take monthly repayments on your chosen date, with the first payment due one month after the day you sign your agreement. If you want to repay your loan early, you can do so at any time without additional charges. We also accept overpayments, so you can pay off a little bit more when you can and reduce the length of your agreement.

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

Your credit file will not show the outcome of any applications. Lenders can only see whether you have applied, not whether you have been approved or declined. If you have been declined for a Novuna Personal Loan, you can apply again, but we recommend waiting at least three months before doing so. This is because a large number of applications within a short space of time could affect your ability to obtain credit.

Before you apply for a small loan, you should make sure that you fulfil our lending criteria. You’ll need to be aged 21 or over, have a bank or building society account, be a permanent UK resident (for at least one year), and in permanent paid employment or retired with a pension. We also require our borrowers to have a good credit history.

Our online application takes just 10 minutes. We’ll give you an instant decision and if your loan is approved, the money could be in your bank account within 48 hours. To apply for a small loan with us, you’ll need your employment details, including annual income, your bank details and your address history from the last three years. It’s also worth checking that you’re eligible to borrow from us before you apply for a loan online.