Personal loans.
A better way to borrow.
Competitive loan rates, real people reviewing every application and no final lending decision left to an automated score.
Personal Loan Price Promise
We check the market every month, so you don’t have to.
We compare qualifying StandardPlus personal loan rates with major high street banks and other lenders. If you find a lower comparable unsecured rate that’s genuinely available to you, we’ll beat it.
Who do we compare?
We look at rates from major high street banks and other lenders every month to keep our Price Promise meaningful.
Based on an unsecured StandardPlus personal loan up to £5,000. Our comparison includes Santander, Barclays, Nationwide, Halifax, Lloyds, NatWest, RBS, First Direct and HSBC and is reviewed monthly.
Which personal loan might suit you?
There isn’t one type of borrower. You might have a strong credit history, a few problems in the past, receive some of your income from benefits or simply be new to Wessex.
Pick the option that sounds closest to you. We’ll explain the rest.
StandardPlus personal loan
If you’ve looked after your credit and want a competitive personal loan, StandardPlus is usually the first place to look.
We compare StandardPlus rates with major high street lenders every month and aim to keep them highly competitive for eligible borrowers.
A good place to start if you have a strong credit history.Standard personal loan
Had a few credit problems in the past? That doesn’t automatically mean we can’t consider a personal loan. Our Standard Loan gives us more flexibility when your credit history has a few bumps along the way.
We’ll still look carefully at affordability and your overall circumstances, but we don’t assume an imperfect credit history tells us everything about you.
Past credit problems don’t automatically mean no.Community personal loan
You might work part time, receive benefits or have income coming in from a few different places. That doesn’t mean you should automatically be ruled out from borrowing.
With our Community Loan, we look at your overall circumstances and whether the repayments are affordable for you rather than expecting everyone to have exactly the same type of income.
An option if your income includes earnings, benefits or both.Starter personal loan
If you’re new to Wessex and most of your income comes from benefits, our Starter Loan gives us a way to consider your first loan application.
We can consider a wide range of benefit income when looking at affordability. As with every Wessex loan, we’ll still make sure the repayments look affordable before we lend.
A starting option if you’re new to Wessex and mainly receive benefits.Secured personal loan
Looking to borrow over £5,000? If you have savings with Wessex that can be held as security, we may be able to consider a Secured Loan of up to 3 times your savings balance, up to a maximum loan of £15,000.
You’ll need to be working full time and have a good credit history. Your savings will be held as security against the loan while it is outstanding.
Every application is assessed on its own merits, including affordability and your individual circumstances. If you think a Secured Loan might be right for you, call us on 01329 640500 and we can talk it through with you.
Borrow over £5,000 using eligible Wessex savings as security.Still not sure which one sounds like you? Don’t worry about choosing perfectly. These are simply different ways for us to look at different circumstances. You don’t need to work it all out before you apply.
Loan calculator
Pay off your loan. Finish with money saved too.
Part of every payment repays your loan and part goes into savings. You may barely notice it building, but when the loan ends the money you’ve saved is still there waiting for you.
Why choose a Wessex Community Bank personal loan?
Competitive rates are only part of it. Our personal loans come with features designed to give you more flexibility and control.
£500 to £5,000
Personal loans for a range of different borrowing needs.
3-month payment holiday
Extra flexibility when you need some breathing room.
Assessed by real people
No automated lending decisions. A person reviews your application.
No early repayment charge
Pay your loan off sooner without an early repayment charge.
Integrated savings
Build savings alongside your borrowing where the product allows.
Established in 2001
Trusted by thousands of members across the communities we serve.
Our Personal Loan Price Promise
Lower rates than the major banks on qualifying StandardPlus personal loans up to £5,000.*
Thinking about a personal loan? You probably have a few questions.
That’s normal. Here are some of the things people ask us most often about Wessex personal loans. We’ll keep the answers simple.
Cashback Loan
How does a Cashback Loan work?
How does a Cashback Loan work?
You repay your personal loan and build savings at the same time. Part of each payment goes towards the loan and another part goes into savings in your name.
When the loan finishes, the debt is gone but those savings are still yours. So instead of simply reaching a zero loan balance, you can finish with some money already put aside.
Loan rates
Are Wessex personal loan rates competitive?
Are Wessex personal loan rates competitive?
Yes. We compare our qualifying personal loan rates with major high street banks and other lenders and aim to keep them highly competitive.
For qualifying StandardPlus loans up to £5,000, we also have our Personal Loan Price Promise.
If you find a lower comparable unsecured loan rate that’s genuinely available to you, tell us and we’ll beat it.
Applying
Can I apply if my credit history isn’t perfect?
Can I apply if my credit history isn’t perfect?
Possibly. A few problems in the past don’t automatically mean we can’t consider a personal loan.
We’ll look at what happened, how you’ve managed your money since and whether the repayments would be affordable now. A CCJ or previous credit problem doesn’t always tell us the whole story.
Every application is different, so we look at your current circumstances as well as your credit history.
You do need to be at least 18. We can’t currently accept applications from contract workers, zero-hour contract workers or self-employed applicants.
Why Wessex?
What do I get with a Wessex personal loan?
What do I get with a Wessex personal loan?
Competitive rates, no hidden fees, no charge for repaying early and a three-month payment holiday.
A real person reviews every application too. We don’t leave the final lending decision to an automated credit score.
And with many Wessex loans, Cashback means you can build savings while you’re repaying what you borrowed.
Your income
Can I apply if I receive benefits or work part time?
Can I apply if I receive benefits or work part time?
Yes, depending on your circumstances. Receiving benefits or working part time doesn’t automatically rule you out.
We lend to people with different types of income, including people receiving benefits, people working part time and people whose income comes from a mixture of both.
What matters is the overall picture and whether the loan repayments would be affordable for you. We don’t expect everybody’s income to look the same.
Lending decisions
Does a real person review my loan application?
Does a real person review my loan application?
Yes. Every Wessex personal loan application is reviewed by a real person.
We use information such as your application, credit history, income, spending and overall circumstances to help us make a responsible lending decision.
An automated credit score can form part of the information we look at, but it doesn’t make the final lending decision.
Personal loans, assessed by real people.
Every application is considered on its own merits by a real person, not simply passed through an automated lending decision.
You're more than a credit score.