Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.
Moneyfacts.co.uk Limited is an independent credit broker. We will receive a payment from credit providers where customers link to
them from Moneyfacts.co.uk. None of these arrangements affects our independence.
Unsecured personal loans usually allow you to borrow between £1,000 and £25,000. This type of loan tends to be on a fixed rate of interest, and will be over a set term – so you’ll know exactly what you’ll have to pay every month.
If you’re thinking of applying for a loan, make sure you think about the following:
Remember that a “Representative APR” is just that – you may pay a different rate of interest depending on your credit rating. Read our guide about APRs for more information.
When you take out a loan, your lender may offer you the option to defer (or not make) payments for a couple of months at the start of the term.
Sounds great doesn’t it? However, while you’re not making payments interest will be mounting up, making both the monthly repayment and the total amount you repay larger.
Some lenders can make an instant payment into your current account, so you have access to your loan straight away. But think about whether you need this speedy access to the money as there’ll often be a fee for having a same day transfer.
Stay in the know with all the latest information, of-the-moment consumer trends, best-in-class products & providers and helpful tools from Moneyfacts.
The payday loans market has been under scrutiny for almost as long as it’s been around, and it’s jus... More
We all know the perils of payday loans, yet it seems that many are still drawn to them. Even worse, ... More
If you’re finding it hard to keep up with your credit repayments, it could be time to consolidate wi... More
As the reality of January sinks in, many people could be looking for ways to cut their Christmas deb... More
Payday loans have seen their fair share of bad press over the last few years, so today (11 November)... More
Payday loans are a very expensive way to borrow money. Make sure you’ve considered all the alternati... More
Zopa led the way in peer-to-peer (P2P) lending, the internet phenomenon that matches borrowers direc... More
A personal loan or unsecured loan is a way of borrowing up to £25,000 from a bank or building societ... More
Hitachi Capital (UK) has reduced the APR of its £5,000 to £7,499 loan by 0.2%, shooting it straight ... More
M&S Bank has reduced the cost of borrowing £7,500 to £15,000 by 0.2%, which has enabled it to reclai... More
Hitachi Capital UK has extended its loan tiers to appeal to a wider range of borrowers, and in doing... More
Santander has amended the rates on its personal loans by up to 0.3% APR. However, despite some incre... More
cahoot has reduced the cost of its £5,000 to £7,499 loan by 0.3% APR, propelling it to the top of th... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.