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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
.: Personal Loan Articles
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.
The more you borrow, the lower the rate of interest. And at the top end of the borrowing scale, personal loans are competing with mortgages, which usually have a lower interest rate.
While personal loans typically have rates between around 6 per cent and 18 per cent, it's possible to find a fixed rate mortgage at 5 per cent.
If you're borrowing £15,000 for some major work on the house, it's worth thinking very carefully whether it would be cheaper to get a mortgage than a personal loan. Mortgage lenders are more than ready to extend existing mortgages or to tempt customers over from other lenders, particularly when increases in property prices have left many people with large amounts of equity in their home.
You can arrange an extended mortgage over a period similar to a personal loan, and the repayments, like loans, are structured to pay off the debt at a fixed time. But beware. Borrowers always have to be aware of the risk of losing their home if they can't keep up with the bigger monthly repayments.
Personal Loan or Mortgage?
Read our collection of personal loan articles to help you understand them more. These articles are a guide and will help you decide on the right loan, how to calculate how much you can afford to borrow and more.
What are personal loans, what history remains behind personal loans and other information
This article will help you to decide how much you should borrow
What loan is right for you, article information will help you decide
The pitfalls in personal loans, in depth information
Should you choose a personal loan or mortgages
What is a credit check and will the scoring effect me
Advantages of a bad credit loan
Having a bad credit loan does have certain advantages
Benefits of a secured personal loan
See just what benefits remain with a secured personal loan
