What would you do with a loan of up to £50,000? Many projects could use a boost, which is exactly what the Shawbrook Bank personal loan is all about.

The issue is that offering high amounts is not enough for us to be able to consider this as a loan, which is exactly why we are here.

We’ll show you how the Shawbrook Bank personal loan works, so you can analyze whether or not it’s worth submitting your credit application.

Why we recommend Shawbrook Personal Loan 

This is not the only personal loan through which you can obtain such high amounts, the same goes for the installments of the personal loan in question. 

However, there is something that we do not find so often, despite seeing a lot of it in the personal credit offered by Shawbrook Bank.

There is no point in a loan having great conditions on paper, but being unreliable, full of hidden fees, which will act as a real trap.

Shawbrook Bank has been working with loans for a long time, with millions of customers who have already used this type of financial service.

Therefore, you can apply for the loan knowing that there are no hidden fees or fine print in the contract, which will be a problem for your financial life.

This is one of the main reasons why we are recommending this loan, however, the loan conditions are also a valid reason for such recommendation.

What can I use a Shawbrook personal loan for?

The use of the loan in question is something that depends a lot on what you have in mind and also how experienced you are in your financial life.

But don’t worry, if you’re still unsure about how to use this loan, below we’ll show you two ways to use it.

Home expenses

Whether you own a home or rent a house, you always end up facing some costs, whether it’s furniture, small renovations, paint touch-ups and much more.

This doesn’t come for free, especially when it comes to spending on furniture and appliances, which tend to be quite expensive, just as they are essential.

If you were caught off guard by a broken appliance or if you have just moved and need to furnish your entire home, then it may be worth using this loan.

For a very simple reason, it is usually much cheaper to apply for a personal loan than to rely on a card or credit card to purchase furniture.

Both because of the possibility of paying for the furniture in installments, but also because of the interest rates, which tend to be lower. 

International travel

International travel is often seen as just fun, but it can also contribute greatly to your personal life.

This loan can therefore be used to kickstart an exchange program, a course abroad or simply a vacation.

To do this, there are two ways to put this plan into practice, the first being to use the loan to cover small costs.

Such as food, or some fees to access tourist areas in the countries you are visiting, but also to finance the trip in general.

Advantages of Shawbrook Personal Loan 

Despite everything we have talked about so far about personal loans, there is still something that has not received as much attention as it should in this service.

It is important that you are aware of the biggest advantages and disadvantages of this financial service before making any decision.

To do this, you would need to go to the official website and spend a few minutes checking out what these strengths and weaknesses are, but don’t leave this page yet.

Well, we have already carried out such research, generating the following list, check out below what are the biggest advantages of the Shawbrook Bank loan:

• Values ​​up to 50 thousand pounds
• Terms of up to 84 months
• Fixed interest rate
• Online credit application
• Application to manage the loan

Disadvantages of Shawbrook Personal Loan 

This personal loan has advantages that work in favor of the application, however, this does not mean that we can ignore its disadvantages.

One of the biggest disadvantages of this personal loan is also one of its biggest advantages, being its amounts and interest rates.

Where, with this financial service, there is a non-negligible risk of debt, which you must take into account so that you do not get into debt.

With such long terms and amounts, it is easy to incorrectly predict how stable your financial life will be in the long term, which can be a big problem.

In this case, be very careful so that you do not end up compromising your financial health by requesting this type of financial service.

How is credit analysis done in x

But how exactly does credit analysis occur? Considering that every loan has a credit analysis, understanding how this happens allows you to prepare a more solid credit application.

Basically, your credit score is used to measure your risk of default, checking whether or not you are a customer eligible for credit.

Therefore, when applying for a loan, the first thing you should do is try to balance the loan amount with the quality of your credit score.

So, before submitting your Shawbrook Bank personal loan application, start by performing a credit score analysis online.

Is there a maximum and minimum amount for a Shawbrook personal loan?

All conditions of this loan are customizable, having a maximum and minimum limit, however, we have an exception to this rule.

The interest rate on the Shawbrook Bank personal loan is fixed, at 16.9% per year, which is not exactly one of the lowest rates on the market.

Now, regarding the amounts, we have a minimum limit of $1,000.00 Euros and a maximum limit of $50,000.00 Euros, with terms of up to 84 months.

Want to apply? Learn how to get a Shawbrook personal loan right here 

To apply for a Shawbrook Bank personal loan, click on the button below, which will take you to the next article, where we will show you the application steps.