| Representative APR | Amount | Term | Type |
|---|---|---|---|
| 8.9–24.9% | £500–£5k | 3–36 mo | personal |
Best For
Current Starling Bank account holders with good credit scores looking for a straightforward personal loan.
Tech-savvy individuals with good credit who already use Starling Bank for their banking needs.
Starling Bank provides personal loans from £500 to £5,000 at rates of 11% to 15% APR, available exclusively to existing customers through its app.
Pros & Cons
Watch Out
Only available to existing Starling current account holders, which may exclude potential new customers.
Full Review
Starling Bank's personal loans are exclusively accessed via their mobile app, offering amounts from £500 to £5,000 with an APR ranging from 11% to 15%. This makes it a viable option for those who prefer a digital banking experience without the hassle of traditional bank paperwork.
The instant approval process is appealing, allowing borrowers to receive funds quickly, although the requirement to have a Starling current account may deter those who are not yet customers. On the downside, some applicants may find themselves at the higher end of the APR spectrum if their credit score is not optimal.
Additionally, with the loan product page removed from their website, potential borrowers should confirm all details within the app to avoid misinformation. Overall, while the app is user-friendly, ensure you meet the eligibility criteria before applying to avoid disappointment.
