UK Personal Loans
| There are many reasons why you may want to think about a personal loan. Two of the most popular reasons would be a consolidation loan or an home equity release loan. Consolidation loans enable you to pay off a variety of different loans you may already have in existence with several different companies, often at high interest rates for example with store credit cards, and then manage them with a single consolidated loan. This is popular since by paying off the current debts you can then spread the cost over a much longer period of time bringing monthly payments down to a manageable level. Though this may mean the total repayment sometimes increases, since you may be going from a situation where you couldn't cover the monthly premiums to a situation where they become manageable, consolidation can have major benefits. Consolidation can mean having money to spend instead not enough money to cover outgoings each month. More often than not placing all debts under one repayment will mean a lower overall rate of interest. Home equity release loans are a way of using capital you have in the value of your home while still living in it. A remortgage of your home to the value of the equity will release equity otherwise tied up. If you're a homeowner then a bad credit history, CCJ's or mortgage arrears will not necessarily mean you would not be ineligible for a personal loan. Where can i get a loan if i have ccjs? This is one of the most asked questions. With CCJ's a secured loan is not necessarily a problem if the circumstances leading to it have changed or you can otherwise demonstrate your ability to repay a personal loan. Our selection of companies below all deal with applicants with ccjs looking for a secured loan. | |||||||||
| PLEASE NOTE THESE ARE A GUIDE TO TYPICAL APR RATES. THE ACTUAL RATE YOU RECEIVE WILL OFFERED ON YOUR PARTICULAR
CIRCUMSTANCES. This guide was accurate at the time of publication on 1st July 2007. Current Bank of England Base Rate is 5.75% |
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| £1000 | £2000 | £3,000 | £5000 | £7,500 | £10,000 | £15,000 | £20,000 | £25,000 | |
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UNSECURED LOANS |
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| ALLIANCE & LEICESTER APPLY | 18.9% | 18.9% | 12.9% | 7.7% | 7.7% | 7.7% | 7.7% | 7.7% | N/A |
| MONEYBACK BANK | N/A | N/A | 10.8% | 7.8% | 7.6% | 7.6% | 7.6% | 7.6% | N/A |
| SECURED LOANS | |||||||||
| CHASE SAUNDERS APPLY | from | ||||||||
| FIRST PLUS - APPLY | typical 8.5% APR variable, Homeowner Loans from £5,000 to £100,000 | ||||||||
BANK OF ENGLAND BASE LENDING RATE
CURRENT TREND IS FOR RATES TO RISE
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10th MARCH 2008: lowered by 0.25% to 5%
7th FEBRUARY 2008: lowered by 0.25% to 5.25%
6th DECEMBER 2007: lowered by 0.25% to 5.5%
5th JULY 2007: RAISED by 0.25% to 5.75%
10TH MAY 2007: RAISED by 0.25% to 5.5%
11th JANUARY 2007: raised by 0.25% to 5.25%
9th NOVEMBER 2006: raised by 0.25% to 5.00%
3rd AUGUST 2006: raised by 0.25% to 4.75%
4th AUGUST 2005: lowered by 0.25% to 4.5%
5th AUGUST 2004: raised by 0.25% to 4.75%
10th JUNE 2004: raised by 0.25% to 4.50%
6th MAY 2004: raised by 0.25% to 4.25%
5th FEBRUARY 2004: raised by 0.25% to 4.00%
6th NOVEMBER 2003: raised by 0.25% to 3.75%
Online UK Personal Loans for UK residents.
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