| Representative APR | Amount | Term | Type |
|---|---|---|---|
| 8.9–24.9% | £500–£5k | 3–36 mo | personal |
Best For
Current Starling Bank account holders needing a small personal loan.
Individuals already banking with Starling who require a small personal loan quickly.
Starling Bank provides personal loans ranging from £500 to £5,000 with APRs between 11% and 15%, exclusively for existing current account holders.
Pros & Cons
Watch Out
Loans are only accessible through the app, and the product page has been removed from the website, which may cause confusion for potential borrowers.
Full Review
With no paperwork and instant approval, Starling Bank simplifies the loan process for its existing customers. The APR ranges from 11% to 15%, which can be competitive depending on your credit score. The app interface is user-friendly, allowing quick access to loan options.
However, only existing Starling account holders can apply, limiting accessibility. the absence of a dedicated loan product page on their website could lead to potential users missing out on necessary information. Transparency about loan terms is crucial, and the in-app only access can be a hurdle for some users.
It's advisable to compare these rates with other providers, like Zopa or RateSetter, which may offer broader options for those without a Starling account. Overall, this loan is but comes with significant restrictions.
What Borrowers Say
Borrowers appreciate the quick approval process, but some express frustration over the limited loan amounts and the requirement to hold a Starling account.
