What is a personal loan

A personal loan is money you borrow from a financial lender like us. You borrow a fixed amount and pay back the money on monthly payments over a set period of time. You can get an instant quote with no impact on your credit score. If you are looking to borrow between £2,000 and £20,000, a personal loan with affordable monthly repayments could be a good option for you.

Why choose a personal loan?

Home improvement

Renovating not relocating? Do it yourself with a loan from Plata.

Car loans

Wheels not turning? Keep on rolling with a loan from Plata.

A special occasion

Due date due? Be prepared with a loan from Plata.

Why choose Plata?

  • We offer unsecured personal loans from £2,000 to £20,000 with flexible terms from 12 to 60 months
  • Competitive rates from 14.9% to 34.9%
  • Fixed-rate monthly payments on your chosen date
  • No fees
  • Live chat
  • UK based award-winning customer service team
  • State-of-the art technology platform for a hassle-free online application process

Should you have any queries outside of the given opening hours then our Frequently Asked Questions (FAQ) page may provide more immediate answers to our most common queries.

View all FAQs

Plata is a direct lender not a broker. We lend from £2,000 to £20,000 at rates matched to your credit profile, giving you the best rate we can.

Borrowing directly from a lender rather than a broker means your communication is directly with the lender making it easier to ask questions or request any changes. It also saves you from any potential broker fees. As a direct lender, we charge no fees.

We offer a personalised instant quote, allowing you to check which loans you could qualify for with no impact on your credit score.

We do not have any upfront sign-up or origination fees when applying for a loan nor do we deduct any such fees from your loan advance. We do not charge any late payment fee either. You will receive the full amount you applied for and you will never repay more than the total amount repayable shown in the loan agreement.

Before you submit your loan application, you will always be shown the exact interest rate, APR, and how much in total you will have to repay over the life of the loan. This will help you compare our loan with other lenders.

It is also worth noting that Plata only works with credit brokers and intermediaries that do not charge you separately.

A pre-approved offer means that, based on the information you have provided us, you match our initial eligibility criteria for a loan. This evaluation is based on a soft search, giving you more confidence to proceed. Once the application is submitted, all pre-approved offers are subject to further checks, and as a responsible lender, we may on occasion need to decline a pre-approved offer.

Once approved and e-signed, the earliest you can get your money is the same day or the following business day. For some applications, it might take longer. Please note, Plata reserves the right to, on occasion, delay the paying out of a loan on the same day.