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Ikano Bank – Personal loans

Updated

  • Personal loans up to £15,000

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Ikano Bank homepage

Author Ikano Bank. Screenshot of Ikano Bank website. [Accessed May 11, 2020]

About Ikano Bank

Ikano Bank is owned by founders of the Swedish company, IKEA and shares the same values and has been providing expert finance products in the UK for 20 years.

Our heritage has taught us that having a strong and simple idea, combined with hard work and good values is an important recipe for success. Thus, all our financial products are simple, easy to understand and can help create possibilities for our customers.

About our history

Originally part of the home furnishing company IKEA, which was founded by Ingvar Kamprad in 1943 and then during the 1970s the Ikano branched into managing real estate, financial services and insurances for IKEA. By 1988, we became an independent group of companies, owned by the Kamprad family.

The Ikano Group today

Today the Ikano Group owns and develops competitive and profitable companies in the areas of finance, real estate, asset management, insurance and retail. What we have done differently is work together to create long-term solutions based on fair lending terms that brings value to our customers and helps them succeed.

Global presence

We operate in Europe and Asia and our head office is located in Luxembourg. In the UK, our business is based in Nottingham and was established in 1994. We understand what our UK clients need and we deliver our products accordingly.

Our promise is fair terms

At Ikano we believe that being on fair terms at all times is what builds our strong customer relationships, creating value and growing a business. The one promise we live by - on fair terms – underpins all our business dealings.

Our values

Ikano stays focused by three basic values, which are common sense and simplicity, working together and simply being different and these values support our promise, which are fair terms.

Ikano Bank Services

We offer personal loans from £1,000 to £15,000 and the amount you qualify for will depend on your credit history, other financial commitments you have, and your affordability.

Online personal loan calculator

We encourage our customers to ensure that they are comfortable with the repayment terms before applying for a personal loan.

Simply use our calculator to see how much monthly payments would be based on the general rate.

Repayment terms

You have the option of a repayment term from 12 months to 60 months. Using the online calculator will help you determine the repayment instalment based on the different repayment terms available.

Keeping your personal loan simple

Ikano has provided finance to millions of UK customers over the last 21 years and we have learned that what our customers want is a simple personal loan product.

And so, we have designed our personal loan packages accordingly.

Benefits of Ikano Bank

  • A PERSONALISED quote in less than two minutes with no impact on your credit report
  • APPLY within 10 minutes and sign online. Loan application made easy.
  • RECEIVE your funds on the next working day, after loan approval
  • NO EARLY repayment fees

How will you wait for your loan amount?

Should your online application be accepted online we will do some standard checks and email you the next day to confirm whether your application has been approved.

The funds will then be transferred the next working day.

Ikano Bank Product Details

  • Loan Type Personal loans
  • Loan Amount up to £15,000

Summary of Services

Applying for an Ikano Bank personal loan

In order to apply for our personal loan product, you are required to meet the minimum lending criteria.

What you need to apply?

  • UK RESIDENTS over 18 years old. Does not apply to Isle of Man and Channel Islands.
  • INCOME of at least £10,000 per annum
  • GOOD CREDIT HISTORY and no previous county court judgments, debt relief orders, individual voluntary arrangements, defaults or bankruptcies
  • UK BANK ACCOUNT in your name that accepts Direct Debits

Additional credit and affordability checks

Some additional credit and affordability checks will be done before your loan is formally approved.

Required information

We will also require additional information such as,

  • Your previous residential address(es) with postcode for the past two years
  • Employment details
  • Bank/Building society sort code and account number
  • Your monthly disposable income and information and/or any other household incomes
  • Monthly expenses
  • An email address

Customer Reviews & Testimonials

When I needed to take out a pretty hefty personal loan, Ikano was there for me to offer affordable interest and manageable repayment terms.

Gino W
— London —

Very good customer service and the money was paid out relatively quickly. Thank you!

Ailin B
— Canterbury —

They really keep it simple and easy for a person to get ahold of the funds they need in a pinch!

Jaida R
— Edinburgh —

Ikano Bank Contact Details

Contact Number

E-Mail

  • not available

Website

Physical Address

  • Waterfront House, Station St Nottingham England NG2 3DQ United Kingdom
  • Get Directions

Postal Address

  • PO Box, Nottingham, NG2 9LX, UK

Opening Hours

  • Monday 08:30 – 20:00
  • Tuesday 08:30 – 20:00
  • Wednesday 08:30 – 20:00
  • Thursday 08:30 – 20:00
  • Friday 08:30 – 20:00
  • Saturday 08:30 – 20:00
  • Sunday – Closed