Admiral Loans
  • Fixed monthly payments
  • Option to pay extra to reduce interest
  • No charges for early repayments
  • No application fee
  • Concurrent loans allowed
  • High interest rates
  • No payment holidays are offered
  • No specific products for bad credit
  • Joint applications are unavailable
  • Funding on the same day is not an option

Choosing the right personal loan can be tough in today's ever-changing financial landscape. This article offers an impartial analysis of Admiral's personal loan services, aiming to assist potential borrowers. 

Now expanding beyond car insurance, Admiral also offers personal loans. Admiral's personal loans cover various financial needs, such as debt consolidation, home improvements, and vehicle financing. 

Flexible payment dates and the allowance for extra payments without fees are among the benefits provided by Admiral. Customers with a good payment record for six months can get another loan. However, please note that Admiral doesn’t offer joint loans or payment holidays.

Unsecured Personal Loans: A Closer Look

Admiral offers unsecured personal loans, meaning they're not linked to assets like your house or car. This is advantageous for borrowers seeking to avoid collateral risk.

Their loans range from £1,000 to £30,000 with a representative APR of 16.9%, and you can choose a repayment period between 1 to 5 years. This lets borrowers choose a loan that suits their budget.

It's important to keep up with payments, as missing them can harm your credit score and add to the loan's cost. Before taking a loan, think about how you'll manage the repayments.

Loan Process Simplified

  • Get a Quote: Get a personal loan quote from Admiral without affecting your credit score.
  • Submit Application: You might need to upload supporting documents, such as payslips and bank statements.
  • Sign Agreement: Once approved, you sign the agreement and can expect the funds within three working days.

Eligibility Criteria

Before applying, make sure you meet the eligibility criteria. To be considered, applicants must meet specific requirements, as outlined in the table below. Please review these criteria carefully to ensure that you qualify for the opportunity.

Eligibility CriteriaRequirements
ResidencyPermanent resident of England, Wales, or Scotland
Duration of UK ResidencyLived in the UK for at least 3 years
Age eligibility 18 years and over 
Employment StatusIn employment or retired
Minimum Annual IncomeVaries (from £10,000 to £19,000)
Credit HistoryNo current CCJs, IVAs, or Debt Relief Orders; not bankrupt

Usage Restrictions

Loans from Admiral cannot be used for daily living expenses, bills, or food.

Online Account Management

Admiral offers 'MyAccount' for customers to manage loans online, enhancing convenience and efficiency.

Representative Loan Example

Borrowing £10,000 over 60 months incurs monthly repayments of £241.68, totaling £14,500.80 at a 16.9% APR and 15.72% fixed annual interest rate. Note: rates depend on individual circumstances.

Specialized Loan Options

Admiral offers personalized personal loan solutions tailored to specific needs. Let's delve into the available loan options, including:

  • Car Loans: Personal loans can be used for vehicle purchases.
  • Home Improvement Loans: Suitable for property upgrades.
  • Debt Consolidation Loans: Combine multiple debts into one payment.

Customer Feedback

Customer feedback is crucial in evaluating Admiral's personal loans. Customer experiences highlight the strengths and weaknesses of Admiral's services.

As of January 1, 2024, Admiral Money holds a 4.5-star rating on Trustpilot, based on 1,377 reviews, reflecting strong customer satisfaction.

Trustpilot Ratings:

  • 5-star: 85%
  • 4-star: 6%
  • 3-star: 1%
  • 2-star: 2%
  • 1-star: 6%
Positive Feedback:Negative Feedback:
Fast serviceIssues in the pre-approval process
Easy online managementCommunication problems
Helpful customer serviceDocumentation and processing challenges
Competitive interest ratesLimited customer service accessibility


Admiral's personal loans offer flexibility and accessibility for various financial needs, backed by transparent processes.

The institution offers flexible payment dates and permits overpayments without incurring penalties. However, like any financial commitment, it's crucial to thoroughly evaluate personal needs and understand terms before proceeding.

Additionally, please note that Admiral doesn't offer joint loans or payment holidays. Therefore, potential borrowers should carefully consider their individual requirements and ensure that the loan aligns with their specific financial goals and circumstances.

Please note: This article, intended for informational purposes, does not constitute financial advice. Details are as of January 1, 2024, and may not represent Admiral's current offerings. For tailored financial guidance, consult a qualified financial advisor. This content is not endorsed by Admiral.