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
All Financial backgrounds
Any purpose loans
Whether you're looking to upgrade with a Car Loan, redecorate with a Home Improvement Loan, get away with a Holiday Loan, plan your big day with a Wedding Loan, or simplify your finances with a Debt Consolidation Loan, we're here to support your ambitions. Your first step to accessing the finances you need is to select the loan option that best matches your financial situation.
Advantage Loan
Borrow £5,000 to £10,000.
Requires excellent history.
Representative 10.4% APR.
Choice Loan
Borrow £1,000 to £10,000.
Requires good credit history.
Representative 19.4% APR.
Family Loan
Borrow £300 to £5,500.
Repay directly from Child Benefit.
Representative 31.3% APR.
Access Loan
Borrow £300 to £10,000.
Low-income and low credit scores considered.
Representative 31.7% APR
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
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.
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.
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.
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.
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.
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.
