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Applying for a personal loan online |
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A personal loan is a loan for you to spend for a car, home improvements, or even to pay off credit card bills, allowing you to spread the repayments over a longer time at a lower interest rate.
Today, borrowers tend to shop around online because that's where the best deals are to be found. By all means, do not hesitate to give your bank the opportunity to match your best deal, but you don't have to make it your first port of call.
It is also not unusual for lenders to offer different interest rates depending on the method of application e.g. applications by telephone may receive a higher APR than those done online.
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Personal loan deal of the month |
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Nemo personal loan
- Borrow any amount between £10,000 and £100,000*
- Repay the loan over any period from 5 to 25 years
- Rates range from 6.7% APR var. to 13.4% APR var.
- Borrow up to 100% of your home's value, less your outstanding mortgage
Read more... |
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Personal finance news |
Personal loans 'a better choice than credit cards'
UK Finance Online Limited, UK - 31 Oct 2006
... credit card payments were the biggest cause of serious debt in the UK. ... Personal loans have the advantage of having a more structured repayment system where the ...
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Supermarket financial products offer 'bad value'
InTheNews.co.uk, UK - 3 Nov 2006
... of borrowing £153 more than that payable on the flat rate online credit card ... was established in 1985, admitted that some of the personal loans it provided ... |
Loans website fined for mis-selling PPI
Guardian Unlimited, UK - 26 Oct 2006
A company selling personal loans online and over the phone has been fined £455,000 by the ... The Financial Services Authority (FSA) said Loans.co.uk had failed ... |
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Personal loan reviews |
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Latest reviews
Reviewed by Fiona ( )
Recent reports show that the number of young people becoming addicted to credit continues to grow. The younger generation are taking on more and more debt than they could ever realistically afford to pay back. In recent years, low interest rates and the strong housing market have encouraged consumers to...
Read the full review here.
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Reviewed by Mussi ( )
A Homeowner Loan is any loan which requires the borrower to provide the lender with some form of security, in the case of Homeowner Loans the security will be a mortgage over the borrowers home. This is usually secured on a property, although the property can be mortgaged through another lender such as a bank or building society, assuming that there is some equity in the house....
Read the full review here.
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