We do not offer personal loans. Here you can learn more about loans and discover our alternative borrowing options, which may help you with what you're looking for.

We do not offer personal loans

The Co-operative Bank doesn't offer personal loans. You can read about alternative borrowing options which may be suitable.

What is a personal loan?

A personal loan is an agreed sum of money you borrow and then pay back — usually in fixed monthly instalments over an agreed amount of time, with interest.

When considering a loan against other borrowing options, it's important to consider your personal circumstances, such as your ability to pay the repayment amounts in the long term, and how the borrowing could impact your credit score. Every alternative borrowing option has different features and you should carefully read the product pages to understand how these work and if it would be suitable, taking into account your circumstances and needs.

Learn about personal loans on MoneyHelper

MoneyHelper is a free-to-use, government-supported advice service to help you with a variety of financial situations. Their aim is to provide you with clear money and pension guidance, online or over the phone.

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Alternative borrowing options which might be helpful

It's important to consider a range of different borrowing options to find the most suitable one for you, depending on things like:

  • How much you want to borrow and how long for
  • Your financial circumstances, including your credit history
  • Whether you meet the eligibility criteria.

Below you can find information about some borrowing options which are not personal loans, but may offer you a helpful solution. These products may not be the most suitable borrowing options for your circumstances. If you think a personal loan is the most suitable option for you, these options can't always be seen as a substitute. Be aware that the cost of borrowing and the consequences of being unable to repay will vary significantly between different lending types.

Credit cards

A credit card is where you borrow money from the card provider to pay for goods and services or to make cash withdrawals. You can use it to make purchases, consolidate debt, earn rewards and boost or build your credit rating. These features may attract different rates of interest which will be charged to your account monthly.

Read about different types of credit cards


An overdraft allows you to borrow money using your current account, so you can spend more money than is in your account. An arranged overdraft provides a limit that you can borrow up to and interest will be charged monthly on your overdraft balance. If you go over your limit, you would be using an unarranged overdraft.

Check how much an overdraft might cost you

Borrowing more with your mortgage

A mortgage is a secured loan against your property. If you have an existing mortgage, you may be able to get a further loan depending on the value of your home against the balance of your mortgage. This means you’ll have higher monthly repayments and interest payments. Interest rate changes may affect your payment amounts further. Please note your home may be repossessed if you do not keep up with repayments on your mortgage.

Read about the costs of buying a home

Not found what you're looking for?

Contact our support team