28/07/2025
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The Post Office has today (28 July) announced that it has re-entered the personal loans market in partnership with Lendable, the AI credit platform, and one of the fastest-growing British fintech companies.
As part of its commitment to deliver a ‘New Deal for Postmasters’, the Post Office will strengthen its commercial offering and generate additional income that can be shared directly with postmasters.
Post Office personal loans are an online-only product. The amount available to borrow ranges from £1,000 to £25,000, with rates starting at 8.1% APR and repayment terms spanning one to five years.
After a competitive tender process, the Post Office selected Lendable, the international financial technology company founded in London in 2014, as its partner. Lendable’s AI-driven platform identifies low-risk borrowers using a wealth of data beyond their credit score, allowing it to accept more borrowers at lower prices and put funds into consumer pockets instantly. Borrowers see guaranteed rates tailored to their specific circumstances, and most receive their loan in under a minute.
Ross Borkett, Post Office Banking Director, said:
“We are delighted to launch our online personal loans offering with Lendable and give our customers the ability to take out a loan that covers their needs in minutes – whether it’s for home improvements, purchasing a new car, consolidating debts, or for anything else. By developing our commercial offering, we will generate income to be shared with postmasters and help sustain their presence in communities nationwide. We are proud to partner with Lendable, one of the UK’s leading homegrown fintech companies, whose AI helps consumers get more from their finances.”
Martin Kissinger, CEO & Founder - Lendable, said:
“This relationship is a significant milestone in the growing number of major consumer brands turning to Lendable to power fast, transparent lending. The Post Office has a clear vision to provide easily accessible loans to consumers seeking to borrow up to £25,000. We're thrilled to use our advanced AI to bring this vision to life for UK borrowers, while contributing materially to their New Deal for Postmasters.”
