The precise amount of money you can borrow through an unsecured personal loan varies from person to person, depending on the lender. Some lenders may give the option to borrow more money or have better rates than others based on the financial history of the person looking to borrow. That being said, personal loans tend to be from around £500 to £25,000.
When applying for a personal loan it is important not to borrow more money than you need or borrow more money than you will be able to pay back. Late or missed payments can incur further charges or fees and the lender has the right to recover the money if repayments aren’t met.