Personal Loans

Our loans are open to diverse financial backgrounds. Pick your closest match from the four options below or click here for assistance in finding the right loan for you.

Loan selector



£3.9 MILLION In Loans Approved Last Year!

Our any-purpose loans have got you covered. Whether you're upgrading with a Car Loan, redecorating with a Home Improvement Loan, escaping with a Holiday Loan, planning your dream wedding with a Wedding Loan, or simplifying your finances with a Debt Consolidation Loan, we're here to back your ambitions. Take the first step toward accessing the funds you need by selecting the loan option that matches your financial status.

Advantage Loan

Borrow £5,000 to £10,000.
Requires excellent history.
Representative 10.4% APR.

Advantage Loan

Choice Loan

Borrow £1,000 to £10,000.
Requires good credit history.
Representative 19.4% APR.

Choice Loan

Family Loan

Borrow £300 to £5,500.
Repay directly from Child Benefit.
Representative 31.3% APR.

Family Loan

Access Loan

Borrow £300 to £10,000.
Low-income and low credit scores considered.
Representative 31.7% APR

Access Loan

Need help selecting a loan?

Get a personalised recommendation by answering a few quick questions.

About Borrowing

Good to know

Borrow £300 to £15,000 for any purpose.

Transparent pricing and competitive rates.

Trusted by thousands of people currently borrowing.

Grow future savings as you repay your loan.

Explore our reviews and discover what our borrowers have to say.

Take part in an established and growing financial cooperative.

We're authorised and regulated by the Bank of England.

No arrangement fees or early repayment penalties.

Ethical Lending

Our commitment

We recognise that behind every loan application is an individual with a unique story. If your situation is complicated, that's okay; our members come from diverse financial backgrounds and face various circumstances.

People, not algorithms, make our lending decisions, and our commitment is to do what we believe is in the best interest of our members.

Customer experience

Their own words

Find out more

Frequently asked questions

Can I apply for a loan with a low credit score?

At Boom, we evaluate all loan applications, even if you think you have a low credit score. Our assessment process considers various factors, with affordability being a top priority. If you meet our affordability criteria, we may offer you the loan.

Will you run a credit check when I apply for a loan?

We will run a credit check with TransUnion when you apply. It will be a hard search that will leave a footprint on your credit report.

Do I need a guarantor to get a loan from you?

In some instances, yes. We may require a joint application to be submitted before your loan is approved. This option will only be available to eligible candidates, and both parties will be jointly and severally responsible for loan repayment.

Can I get a loan if I don't have a bank account?

The answer is yes! We may be able to provide a current account at the same time, providing you with everything you need to receive the loan and for your future everyday banking needs.

How long until I get the money if my loan is approved? 

If we approve your loan, the fund will be with you within 24 hours of our decision. If we need more information after you apply, you will hear from us within three working days.

Do you provide Keyworker Loans?

Many of our customers are vital workers, and we support as many people as possible by offering our best rate based on our assessment of every applicant's financial circumstances. You can use our loan selector tool to help you assess which could be the best loan for you to apply for. Rest Assured, if we can approve your loan, it'll be our best offer.