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Personal loans guide
A personal loan is a way of borrowing money from a bank or building society, which you can use for just about any purpose, although most lenders stipulate that the loan shouldn’t be used for commercial purposes. You choose the amount you wish to borrow an

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Personal loans- things to watch out for
Whether it's unsecured personal loans or secured personal loans, there are a few little things to be watch out for when you are considering a personal loan. Here's the Moneyfacts.co.uk guide.

Personal Loans Best Buys

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£5k Over 3 Year Loans - Without Insurance

Typical APRTotal Amount RepayableMonthly RepaymentCost of Credit
Click to compare up to 3 loans productsSORTSORTSORTSORT
Sainsbury's Finance
8.8%£5,679.00£157.75£679.00
Alliance & Leicester
8.9%£5,686.92£157.97£686.92
Tesco Bank8.9%£5,688.36£158.01£688.36
Post Office9.9%£5,763.96£160.11£763.96
Marks & Spencer Money12.9%£5,995.08£166.53£995.08
AA12.9%£6,009.84£166.94£1,009.84
Click to compare up to 3 loans products
Click to compare up to 3 loans products.
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£5K over three years Best Buys Explained

Unsecured personal loans are straightforward, but there are a number of things to consider before making your choice.

A lender may advertise a loan with deferred repayments, which means you don’t make repayments for a few months at the start of the loan. However, interest will still roll up, making both monthly repayment and the total amount repayable larger. The same applies to loans with 'payment breaks' during the loan term if you make use of these.

Some banks may make a payment into your account on the same day you apply but you could incur a fee.
 
 

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