• Loans For Teachers
• What Do Teachers Need Loans For?
• What help is available for Teachers with Debt?

Loan Calculator
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Loans For Teachers

Are you a teacher? If so, you could be only minutes away from a fantastic low rate loan quote. Best of all, we can give you a personalised loan decision absolutely FREE!

Teachers Get Great Loan Rates

Our panel of lenders specialise in finding great low rate loans for teachers. As professionals with relatively good job security, loan companies often offer lower loan rates to teachers. Many teachers own their own homes, which means that they're eligible for the lower loan rates that secure loans can attract.

What Can I Spend My Teacher's Loan On?

Virtually anything you like! Many teachers and education professionals consolidate existing high-rate unsecured debt into one monthly payment. If you're eligible for a secured loan, you'll be able to get a great rate of interest. You'll not only be able to pay less each month, but also you may be able to lower the total amount you pay over the lifetime of the loan.

And, of course, you're welcome to spend the money on the nicer things in life! Home improvement loans are very popular, for example building a house extension, converting a loft, or adding a new conservatory. Alternatively you could always pay for a holiday of a lifetime. After all, you deserve a decent break over the summer holidays! Many young teachers use a loan to finance their perfect wedding day.

As A Teacher, How Much Can I Borrow With A Loan?

It depends on your salary and your residential status. Obviously a lender will only lend you money that they think you'll be able to afford. The good news is that as a teacher you earn a higher wage than the national average, and your job security is relatively good.

If you're a homeowner with a mortgage you're eligible for secured loans (also known as homeowner loans). Essentially you borrow against the equity that exists in your home. This is the difference between your current mortgage balance and the current value of your house. For example, say your house was worth £200,000 and your mortgage balance was £140,000. This would mean that you could borrow against the equity of £60,000. In practice it's possible to borrow up to £100,000 assuming that you have enough equity.

If you rent or live with family, then you'll be able to get an unsecured loan. These are typically available up to £25,000 and are repayable over a period of between 12 months and seven years. These loans are normally more expensive than secured loans, as the lender makes a greater risk in lending the money to a tenant rather than a homeowner.