{"id":3714,"date":"2026-09-08T22:44:45","date_gmt":"2026-09-08T12:44:45","guid":{"rendered":"https:\/\/chipkie.com\/uk\/?page_id=3714"},"modified":"2026-09-08T22:44:45","modified_gmt":"2026-09-08T12:44:45","slug":"family-loan-vs-bank-loan-uk","status":"publish","type":"page","link":"https:\/\/chipkie.com\/uk\/family-loan-vs-bank-loan-uk\/","title":{"rendered":"Borrowing From Family vs a Bank Loan in the UK (2026)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3714\" class=\"elementor elementor-3714\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1533e8a8 e-con-full e-flex e-con e-parent\" data-id=\"1533e8a8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f2cd1fc elementor-widget elementor-widget-html\" data-id=\"0f2cd1fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ck-rhub\"><section class=\"ck-rhub__hero\"><div><p class=\"ck-rhub__ey\">Family and bank loan comparison<\/p><h1>Borrowing From Family vs a Bank Loan in the UK (2026)<\/h1><p class=\"ck-rhub__lead\">Compare borrowing from family with a bank loan in the United Kingdom. Explore the comparison tool and talk through the terms before you decide.<\/p><a class=\"ck-rhub__btn\" href=\"#comparison\">Explore the comparison <span aria-hidden=\"true\">\u2193<\/span><\/a><\/div><div class=\"ck-rhub__art\" aria-hidden=\"true\"><span>\u00a3<\/span><\/div><\/section><\/div><style>\n.ck-rhub{--n:#004053;--a:#70c8c2;--d:#00829a;--c:#f37863;--cr:#fbf5eb;--i:#073d50;--m:#4f6670;color:var(--i);font-family:inherit;overflow:hidden}.ck-rhub *{box-sizing:border-box}.ck-rhub a{text-decoration:none}.ck-rhub__hero{padding:86px max(24px,calc((100vw - 1160px)\/2));background:var(--n);color:#fff;display:grid;grid-template-columns:1.3fr .7fr;gap:55px;align-items:center}.ck-rhub__ey{margin:0 0 13px;color:var(--a);font-size:13px;font-weight:700;letter-spacing:.13em;text-transform:uppercase}.ck-rhub__hero h1{margin:0 0 22px;color:#fff;font-size:clamp(44px,6vw,74px);line-height:1;letter-spacing:-.035em}.ck-rhub__lead{max-width:790px;margin:0 0 30px;color:#e7f4f4;font-size:clamp(18px,2vw,22px);line-height:1.55}.ck-rhub__art{display:grid;place-items:center;height:260px}.ck-rhub__art span{display:grid;place-items:center;width:190px;height:190px;border-radius:42px;background:var(--a);color:var(--n);font-size:66px;font-weight:800;transform:rotate(6deg);box-shadow:0 24px 48px rgba(0,0,0,.22)}.ck-rhub__btn{display:inline-flex;align-items:center;justify-content:center;min-height:52px;padding:14px 25px;border-radius:999px;background:#fff;color:var(--n);font-weight:700}.ck-rhub__section{padding:82px max(24px,calc((100vw - 1160px)\/2))}.ck-rhub__tiles{background:var(--cr)}.ck-rhub__intro{max-width:760px;margin:0 auto 42px;text-align:center}.ck-rhub h2{margin:0 0 16px;color:var(--n);font-size:clamp(32px,4vw,50px);line-height:1.08}.ck-rhub__intro p,.ck-rhub__copy p,.ck-rhub__faq p{color:var(--m);font-size:17px;line-height:1.65}.ck-rhub__grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:24px}.ck-rhub__card{min-height:410px;padding:28px;border-radius:28px;display:flex;flex-direction:column;color:var(--n);box-shadow:0 14px 35px rgba(0,64,83,.11);transition:.2s}.ck-rhub__card:hover{transform:translateY(-6px)}.ck-rhub__card:nth-child(1){background:#9edbd6}.ck-rhub__card:nth-child(2){background:var(--n);color:#fff}.ck-rhub__card:nth-child(3){background:#f8a596}.ck-rhub__icon{display:grid;place-items:center;width:60px;height:60px;border-radius:18px;background:rgba(255,255,255,.75);font-size:29px;font-weight:800;margin:24px 0}.ck-rhub__k{font-size:12px;font-weight:700;letter-spacing:.11em;text-transform:uppercase;opacity:.75}.ck-rhub__card h3{margin:10px 0 16px;color:inherit;font-size:28px;line-height:1.12}.ck-rhub__card p{margin:0 0 24px;color:inherit;opacity:.88;line-height:1.55}.ck-rhub__go{margin-top:auto;padding-top:19px;border-top:1px solid currentColor;font-weight:700}.ck-rhub__guide{display:grid;grid-template-columns:.8fr 1.2fr;gap:64px}.ck-rhub__list{border-top:1px solid #cbdcde}.ck-rhub__item{padding:24px 0;border-bottom:1px solid #cbdcde}.ck-rhub__item strong{display:block;color:var(--n);font-size:20px;margin-bottom:7px}.ck-rhub__item p{margin:0;color:var(--m);line-height:1.6}.ck-rhub__item a{color:var(--d);font-weight:700;text-decoration:underline}.ck-rhub__faq{background:#fff}.ck-rhub__faq details{max-width:900px;margin:auto;border-bottom:1px solid #cbdcde}.ck-rhub__faq summary{cursor:pointer;list-style:none;padding:22px 45px 22px 0;color:var(--n);font-size:18px;font-weight:700;position:relative}.ck-rhub__faq summary:after{content:'+';position:absolute;right:8px;font-size:26px;color:var(--d)}.ck-rhub__faq details[open] summary:after{content:'\u2212'}.ck-rhub__faq p{margin:-3px 0 23px}.ck-rhub__sources{padding:25px max(24px,calc((100vw - 1160px)\/2));background:var(--cr);display:flex;flex-wrap:wrap;gap:10px 20px;color:var(--m);font-size:14px}.ck-rhub__sources a{color:var(--d);font-weight:700;text-decoration:underline}.ck-rhub__close{padding:62px max(24px,calc((100vw - 1160px)\/2));background:var(--n);color:#fff;display:flex;align-items:center;justify-content:space-between;gap:35px}.ck-rhub__close h2{color:#fff}.ck-rhub__close p{margin:0;color:#e7f4f4;font-size:18px}.ck-rhub__close .ck-rhub__btn{background:var(--a)}.ck-rhub a:focus-visible,.ck-rhub summary:focus-visible{outline:3px solid #ffcf64;outline-offset:4px}@media(max-width:900px){.ck-rhub__hero,.ck-rhub__guide{grid-template-columns:1fr}.ck-rhub__art{height:170px}.ck-rhub__art span{width:130px;height:130px}.ck-rhub__grid{grid-template-columns:1fr}.ck-rhub__close{align-items:flex-start;flex-direction:column}}@media(max-width:600px){.ck-rhub__hero,.ck-rhub__section,.ck-rhub__close{padding-left:20px;padding-right:20px}.ck-rhub__hero{padding-top:58px;padding-bottom:62px}.ck-rhub__hero h1{font-size:43px}.ck-rhub__art{display:none}.ck-rhub__section{padding-top:62px;padding-bottom:62px}.ck-rhub__card{min-height:360px}.ck-rhub__btn{width:100%}}\n<\/style>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3b5f247b e-con-boxed e-flex e-con e-parent\" data-id=\"3b5f247b\" data-element_type=\"container\" data-e-type=\"container\" id=\"comparison\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-14cbf366 elementor-widget elementor-widget-heading\" data-id=\"14cbf366\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Explore the family and bank loan comparison<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c339dd2 elementor-widget elementor-widget-text-editor\" data-id=\"8c339dd2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tool below provides the comparison information from Chipkie\u2019s shared data source. Read the displayed dates, sources and notes alongside the figures.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8d655cbb e-con-full e-flex e-con e-parent\" data-id=\"8d655cbb\" data-element_type=\"container\" data-e-type=\"container\" id=\"chipkie-live-data\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9ac97514 elementor-widget elementor-widget-shortcode\" data-id=\"9ac97514\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- chipkie-comparison: ok -->\n<div class=\"chipkie-comparison\">\n<table>\n<thead><tr><th>Borrowing \u00a310,000.00 over 24 months<\/th><th>Rate<\/th><th>Interest paid<\/th><\/tr><\/thead>\n<tbody>\n<tr><td>From a bank<\/td><td>9%<\/td><td>\u00a3964.34<\/td><\/tr>\n<tr><td>From family or friends, interest-free<\/td><td>0%<\/td><td>\u00a30.00<\/td><\/tr>\n<tr><td><strong>Stays in the family<\/strong><\/td><td><\/td><td><strong>\u00a3964.34<\/strong><\/td><\/tr>\n<\/tbody><\/table>\n<p><small>Family loans can carry interest if you both want them to \u2014 this shows the interest-free case, which is what most people choose.<\/small><\/p>\n<p class=\"chipkie-comparison-source\"><small>Bank rate: Bank of England quoted household rate, \u00a310,000 personal loan \u2014 average UK personal-loan APR, Bank of England quoted rates (as at Q2 2026)<\/small><\/p>\n<p class=\"chipkie-comparison-disclaimer\"><small>Illustration only, on a \u00a310,000.00 loan repaid monthly over 24 months. What a bank offers depends on your circumstances, and what family or friends agree is entirely up to you. Chipkie documents loans people make to each other \u2014 it is not a lender and provides no credit.<\/small><\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17aab1a6 elementor-widget elementor-widget-heading\" data-id=\"17aab1a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Compare the whole arrangement<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21f5fe1a elementor-widget elementor-widget-text-editor\" data-id=\"21f5fe1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Look at the repayment schedule, any fees, flexibility and what happens if a payment is missed. Do not assume that one option is cheaper or more suitable for everyone.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8fe89ec elementor-widget elementor-widget-heading\" data-id=\"a8fe89ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Give both people room to decide<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-581ad4a5 elementor-widget elementor-widget-text-editor\" data-id=\"581ad4a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Talk through what each person is comfortable with. Write down the loan amount, repayment schedule and agreed terms, so you both know what to expect.<\/p><p>Discuss what you will do if circumstances change. A clear plan gives you a shared starting point for the conversation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b087ab13 elementor-widget elementor-widget-heading\" data-id=\"b087ab13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Keep your loan plans together<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-961df816 elementor-widget elementor-widget-text-editor\" data-id=\"961df816\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/chipkie.com\/uk\/family-loan-calculator\/\">Plan your repayments<\/a> \u00b7 <a href=\"https:\/\/chipkie.com\/uk\/family-loan-calculators-uk\/\">Browse all loan tools<\/a><\/p><p><small>This tool provides general information, not legal, tax or financial advice. For guidance on your own circumstances, speak with a qualified professional.<\/small><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3226205d elementor-align-left elementor-widget elementor-widget-button\" data-id=\"3226205d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/my.chipkie.com\/loans\/create\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Create a loan in Chipkie<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Compare borrowing from family with a bank loan in the United Kingdom. Explore the comparison tool and talk through the terms before you decide.<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-3714","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/pages\/3714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/comments?post=3714"}],"version-history":[{"count":2,"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/pages\/3714\/revisions"}],"predecessor-version":[{"id":3716,"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/pages\/3714\/revisions\/3716"}],"wp:attachment":[{"href":"https:\/\/chipkie.com\/uk\/wp-json\/wp\/v2\/media?parent=3714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}