Searching for a £6,000 personal loan?
If you’re looking to get on top of your debits and would find it easier to consolidate all with one monthly repayment, a personal loan an avenue you could explore which could make financial sense. A debt consolidation loan could help make it quicker and easier to manage what you currently owe. Put all your debts in one place and you’ll only need to keep track of one interest rate.
This guide to personal loans for £6,000 covers what you need to know to find a loan at repayment terms that work best for you. Everything from typical interest rates to eligibility is explained in plain English.
What type of loans does Post Office provide?
You can apply for a £6,000 unsecured personal loan with Post Office. When we say ‘unsecured’ we mean a loan that doesn’t require you to put up your home as security. Interest rates on a Post Office Personal Loan are fixed so you’ll repay the same amount every month. This may make it easier to budget – especially if you want to make current outgoings easier to manage.
With Post Office Money you can:
- Use our Fast Checker to find out if you’re eligible without affecting your credit score
- Apply for your loan online
- Get an instant decision (in the majority of cases)
- Request next-day funds transfer if your application is successful
- Overpay on your loan when you can without paying a fee
- Use the 14-day cooling-off period to return the loan if you change your mind
Keeping up with monthly repayments means you won’t face late payment fees or risk damaging your credit score.
How long will it take to pay off my loan?
You can pay back a £6,000 Post Office Personal Loan over one to seven years. Before you apply, compare possible repayment terms using our Repayment Calculator. It’s a quick, simple way to find out how the amount of time you take to pay off a loan can affect the monthly repayment figure.
The exact figure you’ll be quoted for monthly repayments on a Post Office Personal Loan of £6,000 depends on the following:
- How much you borrow
- Repayment period
- Interest rate
- Annual Percentage Rate (APR) – the total cost of borrowing including setup costs
- Your credit score
- Your personal circumstances
Typical monthly repayments on a personal loan for £6,000
The interest rate you’ll actually be offered might not be the same as the one advertised. That’s the typical rate most people with a good credit score may be offered.
Am I eligible to apply for a Post Office Personal Loan?
Find out without affecting your ability to borrow money in the future with our Fast Checker. This tool lets you check the likelihood of your application being accepted. It’s quick and easy – we just ask for a few details and then carry out a soft credit check. Unlike a formal loan application, a soft check doesn’t appear on your credit history.
To borrow with Post Office Money you’ll need to:
- Be a UK resident – for the last 3 years or more
- Be over 21 – and 70 or under when your loan term ends
- Be employed or self-employed with earnings of at least £12,000
- Have a UK bank account that pays direct debits
- Have a good credit rating with no County Court Judgements or bankruptcy rulings
What’s the easiest, fastest way to apply?
Applying for a £6,000 personal loan online is quick and simple. You may be able to sign your loan agreement online if your application is successful.
Having the following information at hand will help speed up your application process:
- Home address – you’ll need to provide all residential addresses for the past three years
- Bank or building society account details
- Employer’s/self-employment details
- Your income and outgoings
If you need help to complete your online application just call us on 0800 169 2000 and we’ll take you through it, step-by-step.
Get greater control over what you owe
Bringing all your debts together in one monthly payment can make it easier to manage what you currently owe. You could use a Post Office Personal Loan to pay off credit card balances, overdrafts and other loans. The interest rate is fixed, and you’ll be making one monthly repayment to Post Office rather than dealing with multiple repayments at different rates.
A single loan could reduce your current monthly payments and the total cost of your existing borrowing.