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By continuing to use the site you agree that we can save them on your device. Cookies are small text files which are placed on your computer and which remember your preferences/some details of your visit. Our cookies don’t collect personal information. For more information, please read our updated privacy and cookie policy, which also explains how to disable cookies if you wish to.

Offers for existing current account customers

Customer offers

Personal Loans

We offer our customers 4.9% APR representative on loans between £7,500 and £14,950 over 1-5 years.

Loans for other amounts and with payments of up to 7 years are available on request.

To apply, you need to be:

  • 18 or over.
  • UK resident.
  • Earning a minimum Gross Annual Income (GAI) of £10,000.
  • An existing customer having held a Co-operative Bank or smile current account for at least 7 months (Cashminder, Student and Pathfinder accounts are not eligible).
  • Not had any County Court Judgements (CCJs), entered into any Individual Voluntary Arrangements (IVAs) or Trust Deeds nor been declared bankrupt within the last 6 years.
  • Not in arrears or have not missed more than 2 payments on any credit agreement in the last six months.
  • At least one applicant must be employed full time, part time, self-employed or retired.
  • Consolidating an existing Co-operative Bank loan is subject to having made at least 6 repayments on your present loan.
  • To apply for a joint loan account, both applicants must be aged 18 or over, UK residents and reside at the same address.

Approval is subject to status and based on a credit check and an assessment of your personal circumstances.

Representative example

4.9% APR representative. Loan amount £10,000 for £187.77 per month over 60 months. Total amount repayable £11,266.20. Rate of interest per annum 4.87% fixed.

Find out more about our Personal Loans for customers ›

Credit facilities provided by The Co-operative Bank are subject to status and our lending policy.
The Bank reserves the right to decline any application or offer a loan at a rate that differs from those advertised.