Applying for a Personal UK Loan
Part of the Michael J Alexander Group
Financial Services
Want to apply for a loan? here is some last minute information to assist you when it comes to applying for a UK Personal loan.
Part of the Michael J Alexander Group
Please note the interest rate we can offer you may be different, depending on your personal circumstances and the credit assessment we carry out as part of your application. This loan calculator is for reference purposes only.
Friday 12th May 2006
High Street banks have strengthened their code of practice over fears that consumers are taking on too much debt
The murky £1bn world of loan protection insurance is under the spotlight again, with accusations of disturbing sales methods
One in five bankrupts is now under the age of 30 as student debt and the consumer spending splurge starts to bite
The glory days when 'rate tarts' could switch their borrowing between credit cards for free could soon be over
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Last Minute Information
So you have decided to take a personal loan, you know how much you want to borrow and for what purpose it will be used for. Have you considered everything? Remember to look at all aspects of a personal loan, remember a personal loan is seen as more of a risk by a lender as you're not securing the loan with any collateral and as a side effect the rates are generally higher. If you're looking to pay off debt then why not take out a secured loan with lower rates.
Considerations:
Is the type of loan you're choosing most suitable for the desired purpose?
Have you calculated your repayments? (including interest)
If you're a contracted employee how long will the contract run for?
Paying back the loan quick as possible can lead to redemption penalties
Have you searched around for the best rate? The smallest rate difference can add 100's if not 1000's of pounds to your total repayments over a stretched period of time.
See the small print of any loan, make sure there are no hidden charges in your loan plan
UK Unsecured Personal Loans Specialists
Site Updates: Monday 5th June 2006
Site Last Updated: 02/06/2006
Ó www.apersonalloan4you.co.uk - Specialists in Uk personal loan services
IMPORTANT
The actual rate you will pay depends on a credit assessment of your personal circumstances. All figures quoted for Payment Protection include Insurance Premium Tax at the rate applicable on the date published. Any change will affect premiums payable.
