Your Personal Loan.co.uk, a subsidiary of Co-operative Bank, has launched a new unsecured personal loan at a rate of 6.3% APR on loans between £5k and £25k. This puts them top of the moneyfacts.co.uk best buy loans chart and the rate offered is not dependent on credit scoring.
With the average adult owing around £8,000 in unsecured debt, demand for personal loans remains high. But with rising interest rates and bad debt levels, most rates have increased, so a loan at less than 6% APR isn't something we're likely to witness in the near future.
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