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Award-winning Small Loans

4.9/5

Low rate loans from

3.7 % APR

Representative on £5,000 to £7,499.99

Representative on £5,000 to £7,499.99

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Make your budget go further with our small personal loans

  • Our little loans start from just £1,000

  • Competitive APR rates allowing you to borrow up to £7,499.99

  • Over 30 years experience in financing small loans

  • Choose the date your repayments are made for your little loan

  • No hidden charges or arrangement fees

  • The UK’s Best Direct Loan Provider for the last 6 years

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Our price promise

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Interest rate

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Our price promise

Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Hitachi Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £153.36 per month with our maximum 30.9% APR Representative when you borrow £5,000 over 5 years*.

The maximum APR you could be offered when you borrow other loan values is 35.9%*. All loans are subject to status.

*Only for applications carried out directly via the Hitachi Personal Finance website

Why choose us for small personal loans?

Our small loans are big on value. You could save on average £330.48 a year on loans of £5,000 over 60 months. This is based on a comparison against the market average loan rate of 16.2% APR. To find out how much you could save, use our small loan calculator.

What is a small loan?

At Hitachi Personal Finance, we class a small loan as any amount from our minimum of £1,000 up to £7,499.99. If you need borrow an amount in that region and you’re looking for the cheapest loan rates, here’s how we compare to our competitors for a 60-month term loan.

Representative APRS for: * £2,500 - £2,999 £3,000 - £3,999 £4,000 - £4,999 £5,000 - £5,999 £6,000 - £7,499
Hitachi Personal Finance 13.4% 8.4% 8.4% 3.7% 3.7%
M&S Bank 21.8% 18.8% 18.8% 3.9% 3.9%
Sainsbury's 24.9% 13.9% 13.9% 3.6% 3.6%
Tesco n/a 8.5% 8.5% 3.5% 3.5%
First Direct 16.9% 16.9% 16.9% 4.9% 4.9%

*Based on borrowing over 5 years, competitor rates valid as of 12/02/2021 (Source: MoneyFacts)

What is a Hitachi Small Loan?

Our online application takes just 10 minutes. We’ll give you an instant decision and if your loan is approved, the money could be in your bank account within 48 hours. To apply for a small loan with us, you’ll need your employment details, including annual income, your bank details and your address history from the last five years. It’s also worth checking that you’re eligible to borrow from us before you apply for a loan online.

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With our small loans, you can borrow between £1,000 and £7,499.99 and choose a term from 2 to 5 years. We’ll then take monthly repayments on your chosen date, with the first payment due one month after the day you sign your agreement. If you want to repay your loan early, you can do so at any time without additional charges. We also accept overpayments, so you can pay off a little bit more when you can and reduce the length of your agreement.

It’s important to remember that taking out a loan, no matter how small, is a major financial decision. You should always make sure you can afford the repayments and that the loan won’t affect your financial situation.

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A small loan can be used for virtually anything you like – vehicle repairs, one off purchases, an anniversary gift, unexpected bills or a special occasion. At Hitachi Personal Finance, we also offer a range of specialist personal loans, including car finance, home improvement loans and holiday loans. If whatever your plans don’t fall into any of those categories, our small loans are ideal.

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Your credit file will not show the outcome of any applications. Lenders can only see whether you have applied, not whether you have been approved or declined. If you have been declined for an Hitachi Personal Loan, you can apply again, but we recommend waiting at least three months before doing so. This is because a large number of applications within a short space of time could affect your ability to obtain credit.

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Before you apply for a small loan, you should make sure that you fulfil our lending criteria. You’ll need to be aged 21 or over, have a bank or building society account, be a permanent UK resident (for at least one year), and in permanent paid employment or retired with a pension. We also require our borrowers to have a good credit history.

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Small Loans FAQs

What is the repayment period?

Repayment terms on our small personal loans are between 2 years to 5 years. To see much the monthly cost of your loan could be, use our small loan repayment calculator.

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How many small personal loans can I have at once?

Currently we have no set limit for the number of loans you can have with us at any one time. However, with each additional loan application, a new search will be listed on your credit file. This may impact your ability to gain future credit.

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How soon will I receive the loan funds in my account?

The application process for a small loan takes approximately ten minutes. We will make an immediate decision and the funds could be in your account within 48 hours.

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Do I need a bank account for a small loan?

Yes, you’ll need a bank or building society account to apply for a small loan with us.

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Are small loans the same as payday loans?

Small personal loans are not payday loans. The key differences are that with a payday loan, repayment is typically due on your next payday, the interest rate tends to be higher and the amount borrowed tends to be smaller.

With a small personal loan, you can spread your repayments over a longer period and get a lower interest rate. At Hitachi Personal Finance, we offer repayments terms of 2 to 5 years with interest rates as low as 3.7 APR representative on £5,000 to £7,499.99.

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Customer Experience Rating

Our customer satisfaction is vital to our success, which is why we’re the only provider to give full visibility of our reviews, updated in real-time, 24 hours a day. Read all reviews

4.9/5

Based On 4906 Reviews.. Read all reviews

Very quick response and great rate for payments

Personal loan

Very efficient. Reasonable rates.Customer service is always very helpful.

Great service even during the current situation

Efficient and professional service, a little bit slow but given the current situation with corona virus it’s only to be expected.

Highly recommended - buy with confidence Hitachi products 👌

I found Hitachi lender via Experian' website recommendation. From applying for the loan on line, to acceptance outcomes was a very straightforward process, followed by a Customer Services representative's phone call to finalise details. Thank you.

Wouldn’t go anywhere else

Ease of application Instant decision Fast payment

Level of service

Fast reliable service.