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 £25,000, a personal loan with affordable monthly repayments could be a good option for you.
Why choose a personal loan?
Home renovation
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?
Loans from £2,000 to £25,000 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 ever.
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 £25,000 at interest rates matched to your credit profile. Some of our offers are only available on loan comparison websites.
Borrowing directly from a lender means you communicate directly with us, making it easier to ask questions or request any changes. Also, saves you from any potential broker fees. As a direct lender, we do not charge any fees.
You can check which loans you qualify for using the loan calculator on our website with no impact on your credit score.
We do not have any upfront sign-up or origination fees for customers when applying for a loan nor do we deduct any such fees from your loan advance. We do not charge any late payment fees 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.
Stay alert and avoid scams:
We are aware of scammers attempting to impersonate Plata. Some customers have been approached to pay a loan fee or other upfront fee for their ‘Plata’ loan application and in some cases have been directed to a fake website. We have reported the ones that we know of to the FCA and the National Cyber Security Centre and continue to monitor this closely. If you have been approached by a company asking you for a loan fee or other fee on behalf of Plata, please do let us know by emailing underwriting@plata.com, so we can report it to the necessary authorities.
Under no circumstances will Plata ever ask you for an upfront loan fee. If you have any concerns or suspicions about what you have been asked to do, please call us on 02382544127 and one of our agents will happily check if it is a genuine request from us, or not. Please also refer to our fraud prevention guidance for further information.
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 credit 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, to delay the paying out of a loan on the same day.
