You are one step away from the first direct Personal Loan. Before you apply, check the eligibility criteria and the steps below so you arrive fully prepared.
Check each requirement below before you apply. Having everything ready means a quicker decision and fewer surprises.
Most lenders let you check your eligibility with a soft search, which does not affect your credit score.
Clear criteria, faster decision
Apply in minutesUp to £50,000Fixed monthly payments
📋 Eligibility
- Age: You must be aged 18 or over.
- Residency: You must be a UK resident.
- Account: You need a first direct current account.
- Income and affordability: You need a regular income and must be able to afford the monthly repayments.
- Credit check: A full credit check is carried out if you go ahead with an application.
🧮 How to check your repayment
- Open the loan calculator on the first direct (a division of HSBC UK Bank plc) website.
- Enter the amount you want to borrow and the term in months.
- Check the estimated monthly repayment and adjust until it suits your budget.
✅ Good to know
- Up to £50,000: Borrow larger amounts over up to eight years.
- Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
- Overpay or settle early: You can make overpayments or repay early; a statutory early-settlement charge of up to 58 days' interest may apply.
Approval and the rate offered depend on first direct's credit and affordability checks; your rate may differ from the representative APR.