Wise (formerly TransferWise) is one of the UK’s most popular fintech platforms, known for its multi-currency accounts, low-cost transfers, and international debit card. But with more individuals and small businesses managing their money through Wise, a common question arises — can you actually get a loan through Wise in the UK?
Below, we’ll explain how Wise collaborates with financial partners to offer credit options, what the eligibility criteria look like, and which alternatives may suit you best in 2025.
Can You Get a Loan Through Wise in the UK?
Currently, Wise does not issue personal or business loans directly in the UK. The platform’s focus remains on cross-border banking — not lending.
However, Wise has partnered with regulated financial institutions and lenders to give users access to credit options and financing tools without leaving the Wise ecosystem.
Through these partners, eligible users can explore personal loans, credit lines, or business financing, often pre-integrated with their Wise accounts for quick approval and repayment management.
Financial Partners That Offer Loans via Wise
Wise collaborates with several UK-based fintech lenders and banks that provide credit solutions for both individuals and businesses. While availability may vary, some of the most common partner types include:
- Peer-to-peer lenders such as Zopa.
- Digital banks like Monzo and Starling, which integrate easily with Wise.
- Alternative financing platforms for business users, such as iwoca or Funding Circle.
These partnerships allow you to apply for a loan while keeping your Wise account as your main hub for transactions, repayments, and income management.
How to Apply for Financing with Your Wise Account
Applying for a loan through Wise’s partner network is simple and digital. Here’s how it typically works:
- Log into your Wise account.
- Check your “Offers” or “Partner Services” section for available credit options.
- Click the loan offer or partner link to begin the application.
- Complete a short pre-qualification process (usually no hard credit check).
- Review your loan amount, APR, and repayment terms.
- Accept the offer to receive funds, often within 1–2 business days.
Your loan will be managed by the partner lender, but you can link repayments directly to your Wise balance for convenience.
What Are the Eligibility Requirements in the UK
Each partner lender has unique criteria, but the general eligibility conditions include:
- Being 18 or older and resident in the UK.
- Having a verified Wise account linked to your personal or business bank.
- Demonstrating regular income or turnover through Wise transactions.
- Maintaining a good credit record (usually 600+ on Experian or Equifax).
Self-employed professionals or freelancers may also qualify based on verified Wise payment activity or invoice history.
Loan Terms and APR Explained
Loan terms and rates depend on the partner you apply through. Typical UK examples include:
| Lender | Loan Amount | APR Range | Repayment Term |
|---|---|---|---|
| Zopa Bank | £1,000 – £25,000 | 9.9% – 19.9% | 12–60 months |
| Monzo Flex | Up to £3,000 | Variable | 3–12 months |
| Starling Business Loan | £5,000 – £250,000 | From 7.5% | 6–60 months |
All these options are FCA-regulated, ensuring transparency in fees and interest rates. Before applying, always review the annual percentage rate (APR) and early repayment terms to understand the full cost.
Best Alternatives for Wise Users (Zopa, Monzo, Starling)
If no partner offer appears within Wise, you can still explore direct loan options with these trusted UK lenders:
- Zopa Bank – quick personal loans with soft eligibility checks.
- Monzo – flexible “Buy Now, Pay Later” and overdraft options.
- Starling Bank – tailored small business loans and credit lines.
Each integrates easily with Wise, letting you manage repayments and balances in multiple currencies.
Wise Credit Options for Small Businesses
For UK businesses using Wise Business, partner lenders may provide short-term working capital or invoice financing.
This is ideal for companies that process cross-border payments, pay international suppliers, or operate in the freelance and export sectors.
Some Wise partners also offer dynamic loan offers based on your monthly sales volume — similar to Stripe Capital or PayPal Working Capital.
👉 Next article: How to Get Your Wise Card Quickly in the UK