Shawbrook Bank Loans

Our guide to everything you need to know to compare loans from Shawbrook Bank

Who Are Shawbrook Bank?

Shawbrook Bank was set up in 2011 as a specialist UK savings and lending bank to support individuals and small businesses. 

Currently, Shawbrook offers customers personal loans, savings accounts, business finance, and property finance services. 

They offer competitive rates so are worth considering on your loan comparison journey. 

Who Can Apply For A Shawbrook Bank Loan?

Shawbrook Bank has a list of basic criteria that you will need to meet to take out a loan with them. This includes; 

  • Being aged 25 to 75 

  • Having been a UK resident for at least 3 years 

  • Have an annual income of at least £15,000 

  • Have a UK based personal bank account, 

How Much Can I Borrow?

Shawbrook Bank offers personal loans from £1,000 up to £30,000. 

How Long Can I Take A Loan For?

With Shawbrook Bank you can take out a personal loan for a term of 1 to 7 years. 

How Can I Get A Loan From Shawbrook Bank?

You can apply online, however, you should use a loan comparison service to check what offers other lenders may give you. You can also utilise our free eligibility check to see if you are likely to be accepted before applying. 

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What Can I Use A Shawbrook Bank Loan For?

You can use a Shawbrook Bank loan for many things, including; 

  • Buying a new car

  • Home improvements

  • A holiday

  • Financing a wedding 

  • Debt consolidation 

  • & many other things 

You should check the loan agreement for any excluded uses to make sure that you do not breach the terms. 

How Long Does It Take For A Shawbrook Bank Loan To Come Through?

Assuming your application is successful you should receive your funds within 3 working days. 

Can I Pay Off My Loan Early? 

Yes, you can pay off your loan early. You will need to contact Shawbrook Bank directly to get an early settlement quote. 

Can I Change My Mind?

Yes, if you change your mind and want to cancel your loan you must inform Shawbrook Bank directly within 14 days of signing your loan agreement.

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