HSBC Loan

Good:
If approved online before 5pm, you can get your money within 2 hours

Bad:
You must have a good credit history to be able to apply

Verdict:
HSBC current account customers only - across the board HSBC have good reviews, money paid out quickly, helpful customer service, affordable repayments and low interest rates

If you hold a current account with HSBC, you can apply for a loan with them. They offer unsecured personal loans between £7,000 and £15,000. You can only apply if you have £700 paid into your account every month.

You can apply online, or you can apply via telephone. They will give you a provisional decision within a few minutes if you do the application online and they will also send you an email with this decision. If accepted, you will need to sign an electronic loan agreement and they'll transfer the money directly into your HSBC account. They can get the money in your account today, as long as you don't apply after 5:00pm. If you apply after 5:00pm, the money will go into your account the next working day.

HSBC are a big, well-known, high-street bank. They have a reputation for getting the money into your account quickly as it is transferred to you directly. Their repayments can be quite low, suited to your budget, depending on the size of the loan. The online application is simple, but can be quite lengthy if you're not used to filling out forms. If you enter your bank details, it will fill in your personal details so you don't have to do it again. They will however look at your credit history, so may not be a suitable option if your history is particularly poor (i.e. have made late payments, have CCJs or defaults).