Product focus: Unsecured personal loans - Loans - News - Moneyfacts

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Product focus: Unsecured personal loans

Product focus: Unsecured personal loans

Category: Loans

Updated: 14/12/2012
First Published: 14/12/2011

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 It is now over 6 months old so the content may be out of date.

Many customers are finding themselves stretched financially over this Christmas period due to the rising cost of living. Those looking towards the New Year and a fresh start may be considering a small short term loan to consolidate debts.

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 - compare loans

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 Any products featured may be withdrawn by their provider or changed at any time.

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