It has been reported that finally the rates charged on personal loans rates may be starting to fall. For many this will have been a long time in coming, given that the base interest rate in the UK has been at an all time low of just 0.5 percent since last March. (more…)
Posts Tagged ‘personal loans’
Reductions being seen in personal loan rates
Tuesday, February 9th, 2010
PPI ban sees spike in loan rates
Friday, May 15th, 2009According to recent reports the PPI ban that has recently been announced by authorities will result in further spikes to loan rates, which many industry officials have said are already spiralling despite the all time low base interest rates, which stands at just 0.5 percent. (more…)
Rates on personal loans continue to increase
Wednesday, April 8th, 2009According to recently released reports the interest rates being charged on personal loans in the UK are continuing to rise despite the fact that the base interest rate has plummeted. (more…)
Rates on personal loans have soared
Wednesday, December 24th, 2008Most people are well aware that the financial sector has been deeply affected over the past year as a result of the global credit crunch, which has affected all sectors of the financial industry and has seen credit conditions become far tighter and borrowing rates become far more expensive.
However, over the past year the base interest rate has fallen a number of times, and in particular over the past two months, which has seen 2 percent sliced from the base rate. The base interest rate is now at 3 percent, which is almost half what it was a year ago, at 5.75 percent. (more…)
Brits being hit with rocketing loan interest rates
Wednesday, November 12th, 2008Since the onset of the global credit crunch consumers in the UK have been affected in many ways, with the cost of borrowing rocketing and with availability of finance in all sectors becoming more restricted and difficult. Many consumers have found that whilst they were able to get finance with relative ease a year or so ago, these days getting a loan or other form of finance is not so easy. Also, many have found that the cost of taking out a loan or other form of finance has gone up. (more…)
Hikes in personal loan rates may mean credit cards are more viable option
Monday, May 19th, 2008According to a recent report some consumers may now be better off using their credit cards as a form of finance rather than opting for a personal loan because loan rates have been hiked up by huge amounts since the onset of the global credit crunch. Credit cards are well known for the high rates of interest charged, but officials state that even so some people may find that they are the cheaper option when compared to a personal unsecured loan with a sky-high interest rate. (more…)
Requirements For An Unsecured Loan
Sunday, March 2nd, 2008Unsecured loans are loans that are available from a wide range of lenders, from High Street banks and building societies to Internet only lenders. As the name suggest an unsecured loan is not secured against any asset, and is based only on trust and contract. An unsecured loan is available to both homeowners and non-homeowners, unlike secured loans, which are only available to those that own their own home. In order to get an unsecured loan you need to meet the lender’s eligibility requirements, and therefore you should make sure that you familiarise yourself with the criteria for each individual lender before you make your application. (more…)
Choosing a UK Personal Loan
Saturday, January 6th, 2007Making the decision to take out an unsecured personal loan is an important one for several reasons. Whatever you’re using the money for is likely to be an important financial investment, whether it’s home improvements, a car, debt consolidation or even a family holiday you’re planning to invest a significant amount of money in it. (more…)