Novuna Personal Finance stands out in the UK for those looking for personal loans up to £35,000. Their headline feature is a low representative APR starting at 6.3% on loans from £7,500 to £25,000. You can choose repayment terms from two to seven years, allowing more flexibility to budget for larger projects or purchases. Importantly, the application is 100% paperless and decisions are typically instant, so you won’t be left waiting for approval.

How to Apply: Step by Step

Follow these easy steps to secure your Novuna personal loan:
1. Head over to the Novuna website and select your desired loan amount and term.
2. Complete the quick online application with your personal, employment, and financial details.
3. Receive an instant decision and, if approved, digitally sign your agreement.
4. Funds can be transferred to your bank account as quickly as the next working day.

Key Pros of Novuna Personal Loans

One of the standout advantages is the competitive APR. Many users report that the rates offered by Novuna are lower than other major lenders for the same amounts. The fast, paperless application process and nearly immediate decisions make the process hassle-free. Their reputation is reinforced by excellent customer service and award-winning recognition with over 4.9/5 star reviews.

Potential Cons to Consider

Although the rates are excellent, lower amounts below £7,500 may not receive the headline APR. Applicants with poorer credit histories may not qualify for the best rates or may be declined. As Novuna is primarily digital, those preferring in-person banking may find the process less personal.

Verdict: Is Novuna Right For You?

Novuna Personal Finance offers a compelling choice for UK borrowers. If you need a loan with highly competitive rates, instant decisions, and reliable service, it’s a strong option worthy of shortlist consideration. Their consistently high customer ratings indicate that most borrowers are satisfied with the process and outcome.