Ulster Bank Personal Loan Reviews, Loan Calculator and Complaints

(2 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

If you hold a current account with Ulster Bank, you may not need to provide any documents - if you don't, you may need to provide proof of income
You must have a good credit history

You must be 18 years of age or older to apply
They accept any employment status other than people currently on Job Seeker's Allowance

You must have been a UK resident for 3 years or longer
You must have a bank account with Direct Debit facilities

Loan Details

APR

9.8% - 19.9%

Representative APR

9.8%

Loan Amount

£1,000 - £25,000

Repayment Period

Minimum Term 1 year

Loans up to £10,000 - 5 years

Loans between £10,000 and £25,000 - 7 years

Loans for home improvements - 10 years

Repayment Method

Direct Debit

Speed To Payout

Ulster account holder - 48 hours

Not an Ulster account holder - 3-7 working days

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Transferred into your bank account

Income Protection Available

Yes

Average Customer Review

(2 customer reviews)

Loanfinder Ranking

54th for APR of 423 loans in the UK (See Lender League Table By APR)
13th for Customer Satisfaction (See Customer Reviews)

About Ulster Bank Personal Loan

You can apply for this loan even if you aren't an Ulster Bank account holder. If you are an Ulster Bank account holder you may be offered a better interest rate on your loan. This is especially true if you are one of their better customers as rewards are available such as discounts on your loan if you are signed up to one of their Gold accounts. You can borrow anything from £1,000 to £25,000.

You can apply online or over the phone with Ulster Bank. If you apply online you will receive an application pack in the post within 3 - 7 days. You will need to fill this in and send it back. Once they have received this, they will fully review your documents and your application. When they are happy that you can afford the loan, the funds should be available to you within 48 hours. You may be asked to send in supporting documentation. (ID, Bank Statements etc)

Ulster Bank offer a range of flexible repayment terms ranging from 1 year to 10 year periods. The Ulster Bank's personal loans are available to people living in the United Kingdom including Northern Ireland. You will be credit checked so this is not the option for you if you have poor or no credit history. Interest is calculated daily and the rate given at the start will be fixed for the life of the loan. Early settlement is available but you will have to pay up to 58 days interest on your outstanding balance.

Charges

Default Fees	Charge if you default on a payment - £10.00
Early Settlement Fees	Balance of the loan plus 58 days interest
Late Payment Fees	Late charge - £12.00