£15,000 loans

Personal loans for £15,000

Whether you want to consolidate your debt or make a significant contribution to a project like home renovation, a £15,000 may be able to help you manage your finances.

Due to the coronavirus pandemic, we have changed our opening hours to Monday to Friday, 9am to 7pm and Saturday 9am to 2pm.

We are also dealing with a higher number of calls than usual. We ask that our customers only call if they have an urgent query that can’t wait so that we can prioritise the most critical cases first. General information regarding our loans including frequently asked questions can be found on our website.

For more information click here.

Considering applying for a £15,000 loan?

Borrowing could be an option if you need a lump sum to upgrade your home. Personal loans for £15,000 can be used for everything from major home improvements to debt consolidation. Whether you’re planning to convert your loft or install a new kitchen, a loan lets you take care of improvements and spread the cost with manageable monthly repayments.

There are several things to think about before you make a formal application, which will appear on your credit file. This guide explains what you need to know in plain English. You’ll also find links to tools that make it quick and easy to work out how much you could borrow, and whether you’re eligible for a Post Office Personal Loan.

Does Post Office provide secured or unsecured loans?

You could get an unsecured, fixed-rate personal loan with Post Office. This means you could apply to borrow £15,000 without offering an asset like your home as security.

On fixed-rate personal loans for £15,000, the monthly and total repayment figures stay the same for the life of the loan. This can be a benefit if you like to know exactly how much will be going out of your bank account every month.

How long will my loan run for?

A Post Office Personal Loan can be paid back over one to seven years. The length of a loan impacts the monthly repayment figure and the amount you’ll pay back in interest charges.

Use the loan calculator to quickly and easily compare terms for a 48-month loan with a 72-month loan. You’ll find the monthly repayments will be higher on the former. The shorter the loan term, the higher the monthly repayments. But you’ll pay less in interest charges over time, so the total amount repayable will be lower.

Overpaying when you can afford to reduces the amount of interest you pay over the life of the loan. Post Office doesn’t charge for overpayments. If you decide to settle the balance early, just ask for a settlement quote. And if you sign the agreement but change your mind within the 14-day cooling-off period, you can return the funds to Post Office without paying a fee.

How much will I have to repay every month?

The precise figure you’ll be quoted depends on the information you give in your application, how much you want to borrow, the length of the loan and your credit score.

Here’s a representative example at an APR of 3.2% to give you an idea of repayments on personal loans for £15,000:

You could borrow £15,000 over 48 months with 48 monthly payments of £333.04. If that was the case, the total amount repayable would be £15,985.77.

Note that the above is just an example for illustrative purposes. Any rate you see advertised is the lowest rate Post Office is prepared to offer to people with a good credit score.

Personal loans for £15,000 for home improvements like funding a new bathroom or replacing a roof represent a considerable commitment. Never missing a payment means you won’t be charged late or missed payment fees. Bear in mind that missed repayments show up on your credit file and can bring down your credit score. This can affect your ability to get credit in the future.

Will I be accepted for a £15,000 loan?

You’ll need to meet the following criteria to apply:

  • Over 21 years old and 70 or under when the loan term finishes
  • UK resident for a minimum of three years
  • Employed or self-employed with earnings of at least £12,000 a year
  • A good credit rating – no County Court Judgements (CCJs) or bankruptcies
  • Able to afford to meet the monthly repayments on time


The Fast Checker will tell you how likely it is that your loan application will be accepted by Post Office. Take a few minutes to provide basic details like address history and income, and you’ll be given a score plus the likelihood of you getting the loan.

Also known as an eligibility check or ‘soft search’ this doesn’t imprint on your credit history, so it won’t impact your credit score. It’s free and you won’t be under any obligation to apply.

Can I apply for a loan online?

Yes, and it only takes a few minutes provided you have the information below at hand:

  • Home address details for the last three years
  • Bank details – the account will need to have a direct debit facility
  • Regular income/employment details
  • Income and outgoings


The process is simple – if you agree to the terms and conditions, click on Start Your Application and follow the prompts for each step until you complete the application. Post Office gives an instant decision in most cases, and you can request next-day funds transfer.

If your application is successful, your loan agreement will be sent out by post so you can check and sign it. You may be able to sign the agreement online to speed up the process.

Need to know more about personal loans for £15,000? Check the FAQs or talk to Customer Services on 0800 169 2000. The team can help with any questions and walk you through the application process.

Modernise your home without breaking the bank

You could borrow money for anything from a new kitchen to an extension or conservatory. Every family has its own set of needs. You could be looking to gain extra space for a growing family. Perhaps you’d like to remodel areas to make rooms more accessible. Maybe you live in an old house that needs to be rewired.

Whatever the reason, a personal loan for £15,000 could help you maintain, refresh or make major improvements to one or more of the rooms in your home and spread the cost with affordable monthly repayments.

Check if you're eligible for our personal loans without affecting your credit score

Small print

Post Office ® credit cards, personal loans and overdrafts are provided exclusively by Bank of Ireland (UK) plc.

Post Office Limited is a credit broker and not a lender. Post Office Limited is an appointed representative of Bank of Ireland (UK) plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Post Office Limited is registered in England and Wales. Registered Number 2154540. Registered Office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ. Post Office and the Post Office logo are registered trademarks of Post Office Limited. Our FCA Register number is 409080. You can confirm our registration on the FCA's website (www.the-fca.org.ukopens in new window).