Eligibility Requirements
- Aged between 21 and 75
- UK resident for at least three years
- Minimum annual income of £15,000
- UK personal bank account
- Good credit history with no outstanding CCJs
Shawbrook personal loan application steps
- Get a personalised loan quote using a soft credit check
- Review your fixed interest rate and loan terms
- Provide bank details and accept the offer
- Sign documents online and receive funds within three working day
Frequently Asked Questions
How long does it take to get approved for Shawbrook?
Most applicants receive a decision in minutes, with funds typically paid within three working days after approval.
Is it required to explain why credit is being used?
Yes. Shawbrook assesses the purpose of the loan as part of its individual affordability review.
Do I need to have a good credit score to be approved for Shawbrook?
Yes. A good credit history is required, with no outstanding County Court Judgements.
Can I apply for a loan if I am self-employed?
Yes. Self-employed applicants can apply, provided income requirements are met.