Submit Workplace Loans Supplier Overview 2022 – Forbes Advisor UK


Particularly for borrowing of between £15,000 and £25,000 the place charges are at their lowest, the Submit Workplace is a powerful contender within the private mortgage market. It additionally presents borrowing phrases of as much as seven years.

Consultant instance

The consultant APR instance offers you an estimate of how a lot it may cost in case you borrowed a sure sum of money. This helps you evaluate merchandise and offers a information on how a lot carrying a steadiness might price. Your private provide could differ from the consultant APR instance.

You might borrow £15,000 over 36 months with month-to-month repayments of £435.95. Whole quantity repayable might be £15,694.22. Consultant 3.0% APR, annual rate of interest (fastened) 3.0% p.a. Credit score accessible topic to standing.


  • Aggressive consultant APRs (fastened), particularly for bigger loans
  • Instantaneous determination on on-line mortgage functions
  • Funds paid into your present account inside two working days


  • Decrease APRs could also be provided by different suppliers
  • APRs of as much as 29.90% relying in your circumstances
  • Longest borrowing phrases restricted to loans of £5,000 and above

Post Office Loans Provider Review

Lowest consultant APR

From 3.0% APR (fastened)

Out there loans

£1,000 to £25,000

Out there phrases

12 months to 7 years

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Key options

  • Consultant APR of three.0% (fastened) on loans between £15,000 and £25,000
  • Consultant APR of three.20% (fastened) on loans between £7,500 and £14,999
  • Mortgage quantities starting from £1,000 to £25,000 
  • Reimbursement phrases of between 12 months and seven years (restrictions apply)
  • Cost of as much as 58 days’ curiosity for full early compensation

Will I be eligible?

To use for a Submit Workplace private mortgage, you should be over 21 and no older than 70 on the finish of the borrowing time period. You should be a UK resident (of not less than three years), and have a UK-based financial institution or constructing society account that may pay direct debits.

You could even have an everyday revenue above £12,000 every year, and a very good credit standing with no historical past of County Courtroom Judgments or chapter.

Earlier than you are taking out a private mortgage, take into account the borrowing time period and if something may come up throughout that point that might have an effect on your capability to fulfill the mortgage repayments. Missed or late repayments incur a cost and are prone to harm your credit score rating, making it tougher to acquire credit score sooner or later.

What extra ought to I do know?

There’s a £12 price for missed/unpaid repayments with all Submit Workplace loans and an ordinary cost of as much as 58 days’ curiosity for paying off the mortgage early in full.

You’ll sometimes obtain an prompt determination in case you’re making use of on-line. And in case your software is profitable, you possibly can obtain the funds as quickly as the following working day. 

There’s then a 14-day cooling off interval, ranging from if you signal your settlement, throughout which period you’ll be able to change your thoughts.

As soon as the mortgage is up and working, you’ll be able to apply to the Submit Workplace to prime up your borrowing, as long as you’ve gotten paid off not less than 50% of your mortgage steadiness or have made a minimal of 12 funds.

Examine private mortgage offers from a variety of suppliers throughout the market earlier than making use of, as private mortgage charges can change continuously. 

In addition to the speed, familiarise your self with the mortgage’s phrases and circumstances similar to potential charges for making early compensation partly or in full.

In the event you’re making use of for a mortgage to consolidate current debt, make certain that taking additional borrowing is the best choice. For instance, evaluate the rates of interest and borrowing phrases between your present lender or lenders with that provided by the Submit Workplace.

You possibly can contact the Submit Workplace name centre on 0800 169 2000.

Is a Submit Workplace mortgage proper for me?

A Submit Workplace mortgage is especially value contemplating if it’s essential to borrow between £15,000 and £25,000, as you possibly can be provided a aggressive APR of three.0% (fastened), over a borrowing time period of 12 months to seven years.

Nevertheless, keep in mind that this APR is consultant. The one you’re provided will rely in your credit score rating and private circumstances, so it might properly  be increased. As is usually typical of mortgage suppliers, smaller-sized loans appeal to the very best APRs.

What are my alternate options?

In the event you’re planning to borrow only a small quantity, a bank card providing 0% curiosity on purchases could also be extra appropriate. This manner, you’ll not need to pay any curiosity, offering you repay your steadiness in full throughout the promotional interval.

Store round for the very best offers from a variety of credit score suppliers, earlier than committing. An eligibility checker runs a ‘smooth search’ in your credit score report which suggests you’ll be able to see how possible you’re to be accepted for a deal with out abandoning proof in your credit score report. 

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