First Direct Personal Loan for Existing Customers, Rates From 6.4% and Same-Day Funding
Exclusive First Direct personal loan for existing customers from 6.4% APR with same-day funding, fixed monthly repayments and borrowing up to £50,000
Why a First Direct personal loan can suit you
For customers already banking with First Direct, a personal loan from the lender offers clear benefits: competitive rates, predictable payments and the convenience of same-day funding when approved. If you want to borrow between £1,000 and £50,000, the product is designed to be straightforward and transparent.
Being an existing customer speeds up checks and can mean quicker access to cash. The combination of a low starting rate and fixed monthly repayments helps with budgeting and makes this personal loan attractive for consolidation, home improvements or one-off expenses.
Rates, fees and borrowing limits
Interest rates start from 6.4% APR for eligible customers, with representative examples available so you can see total cost over typical terms. Fixed rates mean you lock in the monthly repayment amount, avoiding surprise increases during the term.
Be aware of costs such as early repayment charges and other admin fees that may apply. Always check the personalised rate you’re offered, since eligibility and the exact APR depend on your credit profile and account history with First Direct.
How to apply and what to expect
Applying is simple if you already use First Direct online or via the app: log in, go to loans and complete the application. The bank often pre-fills information from your account, so the process is faster than with a new provider.
Decisions can be quick and, where approved, same-day funding is possible — useful when you need funds urgently. Make sure you have your income and outgoings ready to confirm affordability during the check.
Pros, cons and who should consider this loan
Major pros include a competitive starting rate, fixed monthly repayments and the option of same-day funding for existing customers. These features make the loan a solid pick for those seeking predictability and speed in borrowing.
On the flip side, the exclusivity to First Direct customers limits access and there’s no variable-rate option or bespoke repayment flexibility. If you’re not an existing customer, you’ll need to switch bank or look at other lenders to access similar deals.