What’s required to apply?
You have to be over 24 and be in steady employment to qualify for the loan. ASDA will also look at your credit record, plus income and expenses before making a decision.
What are ASDA’s interest rates?
If you borrow more than £7,500, ASDA will charge a typical rate of 7.9%*. Over the course of seven years this interest would add up, so you might want to check the alternatives with the help of our loan comparison service.
If the loan is for less than £7,500, then it counts as an ASDA Little Loan. With an APR of 12.9%, this is also a relatively high rate so you should always check our comparison service for alternatives. For a smaller amount you could even look at credit card as an option, although this takes a great deal of discipline and you may feel more comfortable with the structure of a long-term loan.