Loans For Good Credit
Ready to make your plans happen sooner?
Voted UK’s Best Personal Loan Provider for the last 10 years running
Low rate loans from
6.9 % APR
Representative on £7,500 to £25,000
Representative on £7,500 to £25,000
Straightforward lending for people with a good credit history
Are you someone with a strong history of managing money well? You’ll want to borrow from a lender who makes the process simple at every stage, giving you the best experience.
Open up your options by choosing a lender that specialises in loans. We’re not a bank, so you don’t have to be an existing customer or have any kind of membership to apply with Novuna Personal Finance!
Boost your budget with a personal loan
There are loads of reasons why you might want to borrow money, even if you’ve got a great credit history and strong affordability.
- Get your plans off the ground sooner, without having to wait to save up
- Upgrade or make additional purchases by topping up your budget
- Keep your nest egg intact by borrowing the money instead
- Sort out emergencies or deal with unexpected expenses
- Spread the cost of a significant purchase to help you manage your budget
Whether you want to buy a top-of-the-range car or take off on the holiday of a lifetime, make it happen with a loan from Novuna.
Great customers deserve a five-star service
You’ll find it effortlessly straightforward to manage your loan online or via the app. In just a few clicks, you can check your balance and make payments, update your personal information or payment details, get a settlement quote and pay off your loan at any time.
Need a little extra support? Our award-winning Customer Experience team are available to help. But don’t just take our word for it. Hear from just some of our fantastic customers by reading our Feefo reviews.
Our eligibility criteria
We want to hear from you if you...
- Have a good credit history, and feel you can comfortably afford the loan repayments
- Have an annual income of at least £10,000
- Have a bank or building society account
- Are aged 21 or over
- Are a permanent UK resident and have been living in the UK for at least 3 years
- Are in permanent paid employment, self-employed or retired with a pension
Happy with your credit report?
Fill out our quick and simple application form to apply for a Novuna Personal Finance loan.
Apply now- Why do I need a good credit history to apply for a loan?
- What credit score do I need to get a loan?
- I have good credit but my application has been declined… why?
- Will getting a personal loan harm my credit score?
Why do I need a good credit history to apply for a loan?
As a responsible finance provider, we need to know that we’re only lending money to those who can comfortably afford to pay it back and have a track record of doing so.
It’s much more likely that we’ll accept your loan application if you have good credit and strong affordability. That’s because your past credit behaviour suggests you’ve repaid previous debts reliably and will likely be a good customer this time too.
You’re also more likely to secure the best rates if you have a good credit history (though other factors will be taken into account too, such as your financial circumstances and the amount you want to borrow).
Read our guide for more information on how your credit history affects your ability to borrow.
What credit score do I need to get a loan?
Credit scores are not universal. Each lender has their own scoring system, though most will look at the information on your credit report to help them make a decision.
That means there’s no set credit score that will guarantee you’ll get a loan. So, even if you have a perfect score when checking online, a lender may take different factors into account. For example, while most lenders will want to see responsible money management (things like paying back debt on time and keeping your credit utilisation rate low), a lender may also wish to see low levels of debt and stability (such as all financial accounts updated to your current home address).
I have good credit but my application has been declined… why?
Being declined for a loan is not always a reflection on you or your credit history. Different lenders have different scoring criteria and, unfortunately, we may not have felt you were the right fit for a Novuna loan at this time even if you believe you have an excellent credit score.
Lots of factors are considered during the application process, including your personal and financial circumstances, how much you want to borrow and how long you want to borrow for. Our experts explain more about how a lender makes a decision on loan applications here.
While we can’t give individual’s an exact reason as to why an application has been declined, you may wish to read our helpful article for further information.
Will getting a personal loan harm my credit score?
If you’ve got good credit, it’s understandable you want to know how taking out a loan could impact your credit score. While getting a personal loan will have a short-term impact on your credit score due to the hard credit search left on your file, the long-term impact may not be negative. In fact, you could actually find that having a loan improves your credit score – provided you keep up with your repayments.
Our guide on whether applying for a loan affects your credit score tells you all you need to know.