Your Personal Loan - a market leading rate of 6.3% APR - Loans - News - Moneyfacts


Your Personal Loan - a market leading rate of 6.3% APR

Your Personal Loan - a market leading rate of 6.3% APR

Category: Loans

Updated: 31/10/2008
First Published: 13/09/2007

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Your Personal, 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 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.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Regulator to take closer look at high-cost credit

When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done.

The payday loan market is still broken

The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done.

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…