Money Saving E-Newsletter
Enter e-mail address to signup NOW!
Written by Daniel
Thursday, 11 August 2011 11:55
Personal Loans
Personal Loans - Compare personal loans and adverse credit history loans side-by-side with ease. Enter your loan amount and duration into our calculator and get your monthly payment breakdown and overall interest paid.
Personal Loans
How a personal loan works:
You borrow a fixed amount and usually have to repay it in fixed instalments over a set period (the term). The interest you pay is also usually fixed. Rates for secured loans are usually lower but there could be extra fees, and of course you could be putting your home at risk.
Types of Loan:
You borrow a fixed amount and usually have to repay it in fixed instalments over a set period (the term). The interest you pay is also usually fixed. Rates for secured loans are usually lower but there could be extra fees, and of course you could be putting your home at risk.
Types of Loan:
- Secured Loan: This means that you have to have an asset, for example a home or car that the loan can be secured against. So, if you can’t repay the loan, the lender can sell your asset to get its money back. You may be charged less interest on a secured loan but there may be extra fees.
- Unsecured Loan: The lender doesn’t require that your home or car is used to guarantee the loan, but legally you must still repay the loan. The lender can take court action against you to get its money back, and this could involve substantial costs and affect your credit rating. In exceptional circumstances it could mean you losing your home.
Personal Unsecured Loans from £1,000
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Representative Example |
Apply |
|---|---|---|---|---|---|---|---|
 |
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.
|
|
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.
|
|
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit.
|
|
 |
6.9%
|
£7,000
|
£14,999
|
1 Year
|
6 Years
|
Representative Example: £7000 borrowed over a period of 5 years at 6.9% (fixed) equals monthly repayments of £138 and a total amount repayable of £8,297. There are no other charges included in the total charge for credit.
|
|
|
|
7.9%
|
£15,000
|
£20,000
|
1 Year
|
5 Years
|
Representative Example: £15000 borrowed over a period of 5 years at 7.9% (fixed) equals monthly repayments of £303 and a total amount repayable of £18,206. There are no other charges included in the total charge for credit.
|
|
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit.
|
|
|
|
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit.
|
|
 |
8.9%
|
£7,500
|
£14,950
|
1 Year
|
5 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 8.9% (fixed) equals monthly repayments of £155 and a total amount repayable of £9,319. There are no other charges included in the total charge for credit.
|
|
 |
8.9%
|
£7,500
|
£14,950
|
1 Year
|
5 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 8.9% (fixed) equals monthly repayments of £155 and a total amount repayable of £9,319. There are no other charges included in the total charge for credit.
|
|
|
|
15.9%
|
£1,000
|
£25,000
|
1 Year
|
7 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 8.9% (fixed) equals monthly repayments of £155 and a total amount repayable of £9,319. There are no other charges included in the total charge for credit.
|
|
|
|
15.9%
|
£1,000
|
£25,000
|
1 Year
|
7 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 8.9% (fixed) equals monthly repayments of £155 and a total amount repayable of £9,319. There are no other charges included in the total charge for credit.
|
|
Car Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Representative Example |
Apply |
|---|---|---|---|---|---|---|---|
 |
30.2%
|
£500
|
£50,000
|
1 Year
|
5 Years
|
Representative Example: £500 borrowed over a period of 5 years at 30.2% (fixed) equals monthly repayments of £16 and a total amount repayable of £974. There are no other charges included in the total charge for credit.
|
|
Latest Loan News 
-
Personal loans are set to become highly competitive again after M&S Money reduced its loan rate down to 6% APR, the lowest level for a personal ...Fri 6th Jan, 2012 -
Consumer watchdogs are warning vehemently that consumers take note of all the risks before taking out a 'payday loan'. The private lending ...Thu 8th Dec, 2011 -
Nationwide has announced its lowest ever rate for a personal loan, with effect from today. The building society has reduced its personal ...Thu 10th Nov, 2011 -
There could be better ways of financing students, one university believes. The University of Surrey, based in Guildford, has been holding ...Mon 31st Oct, 2011 -
Many people are considering loans to see them through the month. Payday loans are an increasingly popular option for those who are struggling to ...Fri 7th Oct, 2011
-
HSBC has reduced the rate of its personal loans. Individuals requiring a personal loan may be interested in a new deal on offer from one ...Mon 3rd Oct, 2011
Last Updated ( Thursday, 11 August 2011 12:30 )
