Post Office Ltd is a government-owned retail post office company in the UK, providing postal and banking services to its customers nationwide. Post Office has been providing limited banking services to Lloyds, Cooperative Bank and Barclays customers since the 1990s, but also offer their own selection of financial products.

In 2015 Post Office launched Post Office Money as an umbrella brand for Post Office’s financial services. Most of its financial products are provided by Bank of Ireland (UK) plc, for which Post Office is an appointed representative and credit broker. The Post Office offers current accounts, insurances, mortgages and personal loans.

Post Office Personal Loans

Key features

  • Borrow £1,000 to £25,000
  • Loan repayment terms 1-7 years
  • See the likelihood of being accepted for a loan without affecting your credit rating
  • Instant decision in most cases
  • Funds available the next day
  • Overpay without penalties
  • Fixed monthly repayments


Post Office Personal Loans are provided by Bank of Ireland UK: Post Office Ltd is a credit broker, not a lender. Bank of Ireland (UK) plc is part of the Bank of Ireland Group, working in partnership with the UK Post Office.

Representative Example

You could borrow £17,500, over 5 years, with monthly repayments of £314.13. The total amount repayable will be £18,847.80. Representative 3% APR, annual interest rate 3% (fixed).

APR explained

APR is an abbreviation of Annual Percentage Rate. APR is a standardised way for lenders to show the annual cost of borrowing money. It includes the interest rate and other charges you have to pay (for example any arrangement fee). All lenders have to calculate the APR of their products in the same way and must tell you how much the APR is before you sign an agreement. APR can, therefore, be a useful tool when comparing credit products.

When looking at APR, you need to bear in mind that the advertised APR is a representative APR.

Representative APR means over half the people who have taken a loan of a particular size from that lender have been given that rate. This means 51% of people have been given the advertised rate, but 49% of people could be paying more.

You will be given your own personal APR for your Post Office Personal Loan, based on factors like how much you want to borrow, over what period, as well as your financial situation and credit rating. Your personal APR may differ from the representative APR advertised.

How Much Could I Borrow?

You could borrow between £1,000 and £25,000 with a Post Office Personal Loan. The amount you can borrow depends on your individual circumstances and creditworthiness. You can check your eligibility before you apply using Post Office’s Fast Checker.

How Long Will It Take To Repay?

Post Office loan repayment terms are from 1 to 7 years – the length of time it will take you to repay depends on the amount of the loan. You can use the loan calculator on the Post Office website as a guide to how much you could be paying, over what term.

Early Settlement

You can settle your agreement early, but will need to contact Post Office for a settlement quotation if you wish to repay your loan in full.

What Can I Use A Post Office Personal Loan for?

There are many reasons for taking out a personal loan, from refurbishing your home to being able to book your dream honeymoon destination. Some of the main reasons are:

  • Buying a new car
  • Debt consolidation
  • Home improvements
  • Holidays


What Can’t I Use A Post Office Personal Loan for?

A Fixed Rate Personal Loan is suitable for mid to long term borrowing needs. It provides a lump sum which can be used to spread the cost of more expensive items. You will be asked what the loan is for when you apply, but there are some purposes for which it cannot be used. These include day-to-day living expenses and deposits for (or purchases of) land or property.


To apply for a Post Office Personal Loan, you need to:

  • have been a UK resident for at least 3 years
  • be aged 21+
  • be no older than 70 when the loan term ends
  • have a regular income over £12,000 a year
  • have been employed for a minimum of 2 years if you are self-employed
  • have no history of bankruptcy or CCJs
  • be able to make loan repayments by Direct Debit


Fast Checker

If you want to find out how likely it is that your personal loan application will be approved, you can use Post Office’s Personal Loans Fast Checker. The Fast Checker is a ‘soft search’ tool, which means it won’t affect your credit rating or ability to borrow money in the future. You will be able to see the search if you check your credit file, but lenders won’t.

The Fast Checker will give you an indication of how much you could borrow and what your personalised rate may be. You’ll need to provide your personal details, but your personalised result may change later, when you make a full application and a full credit check is carried out.

How To Apply

If you’ve decided that a Post Office Personal Loan suits your borrowing needs, you can make a full application online. You’ll need to provide your personal details so make sure you have the following to hand:

  • details of your address history for the last 3 years, including post codes
  • details of your regular income and outgoings
  • your current employer’s details
  • bank or building society details to set up your Direct Debit

Post Office will use the information you provide to carry out a full assessment of your credit file with a credit reference agency. This will leave an imprint on your credit file. The online application process should only take a few minutes.

What Happens Next?

If your application is successful: You’ll receive an acceptance letter through the post. Post Office will also send you two text messages – one to confirm the loan and one to advise you of your first payment. You could receive the funds the next day.

If your application is unsuccessful: You can appeal the decision, but may need to provide additional information to support your appeal. You might be trying to borrow too much money over too short a term, or perhaps your credit history isn’t good enough for the loan. You can check your credit file to see where you stand – there are lots of ways you can improve your credit rating.

Managing your loan

If you need to update or change your address, Direct Debit date (after your first repayment), bank or building society details, or find out your outstanding balance, you can do so by phoning 0800 169 2000.


  • Borrow £1,000 to £25,000 over 1 to 7 years
  • Rates from 3.0% APR representative
  • Use Fast Checker to see the likelihood of your loan application being successful, without impacting your credit rating
  • Apply online in minutes
  • Instant decision in most cases
  • Funds available next day
  • Fixed monthly repayments
  • Choose your Direct Debit date
  • Overpay without penalties



  • Your personal APR may be higher than the representative APR
  • Applying (and being accepted) is a fast process – make sure you’ve considered whether a personal loan is the most suitable option for your borrowing needs and whether you can afford the repayments
  • You must make your loan repayments by Direct Debit


Frequently Asked Questions

How can I apply for a Post Office Loan?

You can apply online direclty. Just click here and tell us how much you would like to borrow.

Will I need a credit check for a Post Office Loan?

Yes. A credit check will be completed to help us make a decision on your loan application. Please read our decision explained leaflet for more information on how we assess your application.

When will I receive my money?

We aim for the money to be in your bank or building society within 2 working days once we’ve received your signed agreement.

How do I make repayments?

You must make your loan repayments by Direct Debit from a UK based bank or building society.

What if I miss a repayment?

If you fail to make a repayment by the due date you will be charged a £12 fee.

Can I change my mind about taking out the loan?

Yes, you have 14 days to withdraw from your Agreement from the day after you receive your acceptance letter.

How can I improve my credit rating?

Every lender has its own criteria when deciding whether or not to give you credit, but generally, these things will improve your credit rating:

  • Paying bills on time
  • Paying for insurance upfront, rather than monthly
  • Being in the same job for a long time
  • Owning your own home
  • Living at the same address for more than a year
  • Keeping your address records up-to-date
  • Being on the electoral roll
  • Cancelling unused credit and store cards
  • Reducing your debts with savings

More from Post Office






Company Details
  • Registration Number: 02154540
  • Incorporation Date: 1987-08-13
  • Status: Active
Loan Details
  • APR 3.2% Representative
  • Loan Amount £1,000 - £25,000
  • Repayment Duration 12 - 84 Months
Contact Post Office Loans