Ikano Bank – Personal loans

Ikano has been providing financial assistance in the UK since 1994.

One thing we have learned from our heritage is that having a strong and simple idea, with a little bit of hard work and good values is important for success.

The Ikano bank values

At Ikano we have values that guide every business that belongs to us. And we make sure that these values are respected daily. We know that no method is more effective than setting a good example. Ikano values are:

• Common sense and simplicity
• Working together
• Daring to be different

Ikano promise, to our customers

At Ikano Bank, we work so hard to give all our customers fair terms. We regularly review our solutions and our way of working with customers, partners, and co-workers. Providing fair terms is so important for building strong relationships, creating value and growing a business. At Ikano we are aware that the promise made, and the promise kept determines the quality and reputation of a company.

We have improved from what we were before

We strive for a sustainable future while being responsible for the economic, social and environmental aspects related to our businesses. At Ikano we currently own and develop competitive and profitable niche companies in the areas of finance, real estate, asset management, insurance, and retail. We draw our strength from working together to create long-term solutions based on fair terms that bring value to our customers, partners and ourselves.

At Ikano we offer affordable, easy to be accessed loan deals.

At Ikano we ensure we deliver sales finance and customer insight services to retail partners and provide businesses with leasing and factoring solutions. We offer a range of products including private label cards, credit cards, loans and savings accounts.

A personal loan from Ikano

At Ikano we explain a personal loan as the amount you borrow to cover your personal expenses. Personal expenses do not necessarily benefit you as an individual, but they can be beneficial to other people as well. You can use Ikano personal loan to pay for car repair, home renovation or consolidate your debts. We can borrow you up from £1,000 to £15,000.

Ikano Annual Percentage Rate(APR) and interests

APR is the rate of interest you will pay for the amount you would like to borrow. The APR is fixed for the term of the loan, meaning it will remain the same for the duration of the loan.

Usually, the rate of interest you are offered might be different from the representative APR. Rate is offered based on your personal circumstances. Interest is charged daily. Each personal loan quote includes the total amount that you need to pay back, including interest.

Ikano loan repayment period

Ikano personal loans can be repaid from 12 months to 60 months. Our repayment period depends on the type of loan, size of a loan and monthly instalment.