First Direct personal loans for current account holders offer fixed-rate deals from 6.4% APR and same-day funding in the UK

Why consider First Direct personal loans

First Direct personal loans are aimed squarely at existing customers and deliver predictable, fixed-rate borrowing from a competitive 6.4% APR. For many UK borrowers this means straightforward budgeting with fixed monthly repayments and the reassurance that the rate won’t move during the term.

The product is marketed for sums from £1,000 up to £50,000, unsecured and suitable for consolidating debt, funding home improvements or covering unexpected costs. If you already bank with First Direct, the convenience and clarity of their online process can make this an attractive option.

Rates, amounts and costs

The headline rate starts at 6.4% APR for eligible existing customers, and representative examples are published to help compare deals. For instance, borrowing £10,000 over three years at 6.4% p.a. fixed gives monthly repayments around £305.21 and a total repayable of about £10,987.56, illustrating the real cost of borrowing.

Be aware of fees: First Direct personal loans are fixed-rate and unsecured, and early repayment charges may apply if you decide to pay off the loan ahead of schedule. Always check the full terms and any representative APR illustrations before committing.

How to apply and same-day funding

Applications are handled via First Direct online banking, so you’ll need to be an existing customer to apply. The online form pre-fills basic details from your account, speeding up the process and cutting the need for paperwork — a real benefit when time is tight.

First Direct often offers same-day funding for approved applications, which is useful if you need money quickly. Approval is subject to credit checks and affordability assessments, so ensure your account is in good standing and you’ve got the supporting details ready.

Managing the loan and customer support

Once your First Direct loan is live, setting up direct debits from your current account helps avoid missed payments and protects your credit score. Fixed monthly repayments mean you can plan ahead, which is ideal for household budgets and longer-term financial planning.

Customer service is available through phone and online channels if you need help with repayments, switching payment dates or understanding fees. If you’re not a First Direct customer, consider whether switching banks to access this product is worthwhile compared with other providers on the market.