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Loans Guides

 

Loans Glossary
Loans terms explained...

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

How To Improve Your Credit Report
Your credit report lists your credit accounts, your repayment record and much more - and it can make all the difference between getting the credit card, loan or mortgage you want and a string of puzzling rejections.

Loans Tips

 

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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Career Loans

CompanyRateMin/Max LoanOpen toRepayment Period
Barclays Bank9.9% APR£10KGraduates and non-graduates taking further vocational training and studies for career development.Up to 5 years, repayment deferred for up to 1 month after end of course.
The Co-operative Bank9.9% APR£10KTo fund learning and training courses of up to 2 years to improve job skills or career prospects.Up to 5 years, repayments deferred for up to 1 month.
Disclaimer:
Any repayments shown above are for illustrative purposes only. All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
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Career Loans Explained

Professional and career development loans are designed to help you finance your studies.

They can be used for full-time, part-time or distance learning provided the course is vocational and lasts no longer than two years. An additional 12 months is allowed if it is for relevant practical experience required by the course.
 

Loan News

5 minute finance: Paying down debt5 minute finance: Paying down debt
When the average personal loan interest rate is as high as 12.6%, take action to try and reduce outstanding debt. Credit cards are a convenient way of managing your finances and paying for expenses on a day to day basis. If used correctly and the outstanding balance is cleared monthly, credit cards can be a free form of short term finance.

Don’t let debt problems get you downDon’t let debt problems get you down
Given more and more people are now finding themselves in an increasingly difficult financial position, it is unsurprising that requests from people seeking debt advice have been on the rise. One debt advice helpline recently reported a 22% surge in calls received

Post Office delivers the goods on loansPost Office delivers the goods on loans
The Post Office has really delivered with the latest changes to its unsecured personal loans. Selected rates have been reduced by 1.0%, leaving most riding high in their respective fields.

Sainsbury’s super loan dealSainsbury’s super loan deal
Sainsbury's Finance has made a good deal even better by reducing once again selected rates on its unsecured personal loans for Nectarcard holders. It means that for a loan of between £7,500 and £14,999, the rate payable now stands at 7.8% APR, 0.1% lower than before.

 

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