What credit score do you need for a personal loan?
Loan calculator
Use this calculator to get an idea of what a personal loan could cost you over time, including your monthly repayments and the total repayment amount.
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Loan repayment estimate
This calculator gives you an estimate of how much a loan could cost. Your actual APR will depend on your personal circumstances and the lenders' affordability assessment.Loan amount
Length of time to repay
Annual percentage rate (APR)
Total repayment
Monthly repayment
Check your eligibility for a loan without affecting your credit score with our partner, Clearscore.Start eligibility check
How to use this personal loan calculator
Enter the loan amount
Enter the amount you're looking to borrow. With an unsecured personal loan from Co-op you could borrow between £1,000 and £25,000.
Choose the length of time to repay
Choose how long you need to repay the loan, from 1 to 7 years. You can use this to see how changing the repayment length affects the overall cost of a loan.
Select an APR
Choose an APR based on your credit score. Generally, if you have a higher credit score you'll be offered a lower APR when compared to someone with a lower credit score. You can use this feature to see how different APR's change the overall cost of a loan and what you repay.
Can you choose your own APR when applying for a personal loan?
You cannot choose your own APR when you apply for a personal loan. Your loan provider will give you a personal APR based on your circumstances.
When deciding your personal APR, lenders look at things like:
- your credit score
- income
- job status
- current borrowing
- what you can afford to repay
To find out your personal APR, complete an eligibility check with our partner ClearScore.
How does your credit score affect the APR you get?
Your credit score shows lenders how you’ve managed borrowing in the past. It helps them decide your personal APR. A higher score could mean a lower APR, which could reduce your monthly repayments and the total cost of your loan.
If you would like to learn more about credit scores, you can read our guide on understanding credit scores.
Will using this calculator affect my credit score?
No, using this loan calculator will not affect your credit score.
If you complete the eligibility check, our partner ClearScore will carry out a soft credit check. This will have no impact on your credit score.
Why use our loan repayment calculator?
It helps you get a general idea of:
- what the total cost of your loan could be
- how much your monthly repayments could be
This loan calculator gives an estimate based on the information you enter, but it is not a personalised quote. To get a personalised quote, complete the eligibility check.
Looking to borrow more than £25,000?
If you're a homeowner and would like to borrow more than £25,000, a secured homeowner loan might be of interest to you.
Learn more about secured homeowner loans with Co-op.
Loan terminology
You can watch our video or keep reading to learn more about the terminology used when talking about loans.
For unsecured loans Co-op Insurance Services Limited acts as a Credit Broker not a Lender. If you take out an unsecured loan or are introduced to a third-party provider, we will receive a fixed percentage commission from ClearScore.
For secured loans Co-op Insurance Services Limited acts as an introducer to ClearScore. We are not the mortgage intermediary or lender. Co-op Insurance receives commission from ClearScore if you take out a secured loan. The amount of commission is a percentage of the overall amount you borrow.
This will not impact the amount you pay back. Lenders terms and conditions apply. UK residents 18 and over.