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 not a lender. 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.
Please send me emails with the latest Moneyfacts news, best buy products and specially selected third party offers
Personal loan rates have steadily fallen in recent years, but things are starting to shift - althoug... More
Many people will be enjoying the first payday of the year, yet with credit card bills also arriving,... More
Today has been dubbed Blue Monday – the most depressing day of the year – and considering how many p... More
At first glance the personal loans market may seem simple enough, but get into the nitty gritty and ... More
Have you woken up with a financial hangover after the festivities? Perhaps you’ve got big plans for ... 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
TSB has reduced the rate on its personal loan tier of £7,500 to £20,000 for terms of one to five yea... More
Sainsbury's Bank has reduced the APR on selected loan tiers by up to 0.1%. This cut has improved the... More
TSB has increased the rate on selected personal loan tiers by 0.3% APR. Despite this, loans of betwe... More
Post Office Money has decreased the APR on its £5,000 to £7,499 personal loan tier by a whopping 1%,... More
Sainsbury’s Bank has increased the APR on selected loan tiers by up to 2.4%. Despite this, the loan ... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.