Product focus: Unsecured personal loans

Category: Loans
Date: 12/14/2011

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.

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 Any products featured may be withdrawn by their provider or changed at anytime.