Kroo review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Kroo lends its own money as a direct lender, so the arrangement fee is 0 and early repayments cost nothing. It suits borrowers who want a fixed monthly payment and money the same day, though the 14.9% representative rate sits above what many rival lenders quote.

Key facts

Best for
Fixed rate personal loans with a 0 arrangement fee, free early repayment and same day funding.
APR
14.9% (Source, checked September 26, 2026)
Loan amount
£1,000 to £25,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
0 (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Same day - usually immediate, up to two hours by Faster Payments (Source, checked September 26, 2026)
Representative example
£5,000 personal loan over 3.5 years at 14.9% APR representative (fixed), 42 monthly repayments of £151.19, total amount repayable £6,349.98 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Kroo Bank Ltd (Source, checked September 26, 2026)
Headquarters
United Kingdom (Source, checked September 26, 2026)
Support channels
Help-centre, Email, Chat, Phone (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
kroo.com

Apps and profiles

Get the app
App Store
Elsewhere
TrustpilotLinkedIn

Pros and cons

Pros

  • Arrangement fee of 0, plus free early repayment if you settle the loan sooner.
  • Fixed rate lending at a 14.9% representative rate over terms of 12 to 60.
  • Same day funding, usually immediate by Faster Payments, and a soft prequal credit check.
  • Support through help centre, email and chat for anyone who wants a person to call.

Cons

  • Its 14.9% representative rate is above the personal loan median of 12.25%.
  • Lending is fixed rate only, so there is no variable option if rates fall.
  • Borrowing starts at the bottom of £1,000 to £25,000, so very small loans are not offered.
Kroo

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Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Borrowers consolidating debts or funding home improvement who want a fixed payment they can clear early.
  • Anyone who wants same day funding from a UK bank, Kroo Bank Ltd, and is comfortable with a soft prequal check.

Who should look elsewhere

  • Monzo Flex is worth checking if you would rather see a published rate range of 10% to 23% than a single 14.9% representative.
  • Cashspace ES lists an APR of 0%, so it is the one to price up if you are not borrowing from a UK bank.
  • Cashspace quotes PHP 12 to PHP 36 in another currency, which makes it a different market rather than a direct comparison.

How Kroo compares

Where Kroo is available

Available
United Kingdom
Licence in United Kingdom
Prudential Regulation Authority (953772), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate will I pay on a Kroo personal loan?+

Kroo lends at a fixed rate, and the representative APR is 14.9%. Because the rate is fixed, your monthly payment stays the same for the whole term. Compare it with the personal loan median of 12.25% to see where it sits.

Does Kroo charge arrangement or set-up fees?+

Kroo charges no arrangement fee, and the fee on these loans is listed as 0. Interest is the only cost, and settling the loan early is free, so clearing the balance sooner does not add a charge.

How much can I borrow, and for how long?+

Borrowing runs £1,000 to £25,000, so you would apply for an amount within that range. Terms run 12 to 60, which lets you spread a larger balance over longer and keep the monthly payment manageable. A longer term means more interest overall.

How quickly does the money arrive?+

Funding is the same day and usually immediate, arriving by Faster Payments rather than waiting for a set date. Kroo lists same day funding among what the account offers, so a home improvement or consolidation bill can be settled soon after the loan is agreed.

What credit check does Kroo run?+

Kroo uses a soft prequal approach, so the first look at your file is softer than a full application. You can see whether the rate is likely before committing, and because Kroo is a direct lender you deal with the lender directly at every step.

Who regulates Kroo?+

Kroo is a UK bank, Kroo Bank Ltd, regulated by the Prudential Regulation Authority under licence 953772. Borrowing is arranged in the United Kingdom, so the account, the credit check and the loan agreement all sit with the same regulated firm.

What can I use a Kroo loan for?+

Kroo offers personal and debt consolidation lending, with home improvement named as a use. That covers tying existing debts into one payment and funding work on the home, and because the rate is fixed you know the monthly cost before you apply.

How do I reach Kroo about a payment?+

Support runs on help centre, email and chat, so you can pick up the phone, start a chat or send an email rather than waiting on a form. Phone and chat are the quickest routes if a payment date has passed and you want to talk it through with someone.

Sources

  • help.kroo.com/hc/en-gb/articles/17473785559313-How-long-d... checked September 26, 2026

    Backs: Features, Funding time, Support channels

    “If you do not receive your loan payment within the same day as accepting it”

  • help.kroo.com/hc/en-gb/articles/17473866157457-Are-there-... checked September 26, 2026

    Backs: Arrangement fee

    “We don't charge any fees for having a loan with us. All you will pay is the interest on the principal amount”

  • kroo.com checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “Its registered address is Kroo Bank Ltd, 20 Farringdon St, London, EC4A 4AB, UK.”

  • kroo.com/personal-loans checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Free early repayment, Lender type, Loan types, Pricing model, Rate type, Representative example, Term, Use cases

    “With loans from £1,000 to £25,000 and repayment terms from 1 to 5 years”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Kroo

Kroo

Fixed rate personal loans with a 0 arrangement fee, free early repayment and same day funding.

9.2/10See alternatives

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