Personal Loan

Find out what you need to know about the thinkmoney Personal Loan. We've covered all of the most commonly asked questions, from how to apply, to how much you can borrow.

What is the thinkmoney Personal Loan?

You can borrow between £500 and £1,200 and choose to repay it over a period between 6 to 12 months. The thinkmoney Personal Loan offers you a simple way to borrow money when you need it. You can apply for a thinkm…

Am I eligible for a thinkmoney Personal Loan?

You can apply for a thinkmoney Personal Loan if you've had an active thinkmoney Managed Current Account for three months and work over 16 hours per week or are retired. You can give us a call on 0161 672 8988 to see if you're …

How can I apply for a thinkmoney Personal Loan?

To apply for a thinkmoney Personal Loan, give us a call on 0161 672 8988 and we'll be able to take you through the application process and see if you're eligible. You’ll need to have a thinkmoney Managed Current Account t…

How much can I borrow with a thinkmoney Personal Loan?

You can borrow between £500 and £1,200 with a thinkmoney Personal Loan. The credit limit you'll get accepted for is subject to your eligibility. You might get accepted for a lower amount than the amount you origina…

How long can I borrow for with a thinkmoney Personal Loan?

You can repay a thinkmoney Personal Loan over a period between 6 to 12 months. You'll repay what you borrow, plus interest in monthly instalments.

Are there any fees for a thinkmoney Personal Loan?

There aren’t any fees to set up a thinkmoney Personal Loan and you don’t have to pay anything extra for your account to get the option to take out a loan. All you’ll pay is your monthly repayments, including i…

Can I get help if I want to apply for a thinkmoney Personal Loan?

Yes, just give us a call to apply for a thinkmoney Personal Loan on 0161 672 8988 and we'll be able to take you through the application process and see if you're eligible.

How can I pay back a thinkmoney Personal Loan?

You'll repay your thinkmoney Personal Loan in monthly instalments – we’ll tell you what these will be when you apply for the loan. Also we’ll make it easier to repay it too. We'll budget for your repayments j…

Will you budget for my thinkmoney Personal Loan repayments?

Yes, we'll treat your thinkmoney Personal Loan repayments as we would do any other bill. Just give us a call on 0161 779 5000 if you have a particular income you want us to take your loan repayments from.

What happens if I don't pay back my thinkmoney Personal Loan on time?

If you're struggling with your thinkmoney Personal Loan repayments, get in touch with us on 0161 672 8988. We'll do everything we can to help once we know you're having difficulties. Missing a payment means your loan balance w…

Do you credit check me with a thinkmoney Personal Loan?

Yes – when you apply for a thinkmoney Personal Loan, we will run a credit check to see if you’re eligible to borrow with us.

Do I need to be a customer to get a thinkmoney Personal Loan?

Yes, you can only apply for a thinkmoney Personal Loan if you’re a thinkmoney Managed Current Account customer. You can apply for a thinkmoney Personal Loan if you've had an active thinkmoney Managed Current Account for t…

I am struggling to repay my thinkmoney Personal Loan, what should I do?

If you're struggling with your thinkmoney Personal Loan repayments, get in touch with us on 0161 672 8988. We'll do everything we can to help once we know you're having difficulties.

Can I change the repayment date on my thinkmoney Personal Loan?

You will need to contact us if you want to change the repayment date for your thinkmoney Personal Loan. Just give us a call to discuss this on 0161 672 8988.

I've just paid off my thinkmoney Personal Loan, can I get another one?

Yes, you can re-apply providing you have paid off any thinkmoney Personal Loan or Credit Facilities previously borrowed.

Can I extend my thinkmoney Personal Loan?

You cannot extend your thinkmoney Personal Loan as the repayment period is set at the time you apply.

Can I still use my credit facility if I take out a Personal Loan?

If you take out a thinkmoney Personal Loan, you won’t be able to use the credit facility on your thinkmoney Managed Current Account. When you’ve repaid your Personal Loan, you will be able to apply to use the credi…

Can I apply for a Personal Loan if I have a Joint Account?

Yes – you can apply for a Personal Loan if you hold a joint thinkmoney Managed Current Account with another person. You won’t however be able to apply for a loan on your own – you’ll only be able to get …

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