Product focus: Loans - Loans - News - Moneyfacts

News

Product focus: Loans

Product focus: Loans

Category: Loans

Updated: 02/03/2012
First Published: 02/03/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Loan rates have dropped considerably over the last four years and consumers may be considering a loan to consolidate their debts, especially in the run up to the Easter holidays.

Here is a selection of the lenders offering some of the lowest repayments for unsecured personal loans.

Borrowing £1,000 over one year

Sainsbury's Finance

  • Sainsbury's Finance offers a Standard Nectar Cardholder Loan that charges 18.6% for those looking to borrow £1,000 over a one year period with a monthly repayment of £91.31.
  • No repayments are due for the first two months.
  • Customers must be 18 or over and can apply by telephone or online.

Borrowing £2,000 over two years

Post Office

  • The Post Office's Online Loan charges 14.9% for those looking to borrow £2,000 over a two year period with a monthly repayment of £96.00.
  • There is an optional two month repayment holiday, although not for consecutive months.
  • Customers must be 21 or over and can apply online.

Borrowing £3,000 over three years

Sainsbury's Finance

  • Sainsbury's Finance's Standard Nectar Cardholder Loan charges 12.8% for those looking to borrow £3,000 over a three year period with a monthly repayment of £99.85.
  • No repayments are due for the first two months.
  • Customers must be 18 or over and can apply by telephone or online.

Find the best loan for you - Loans Calculator

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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