Thrifty Loans

Personal Loans Shoot Up

The interest rates for personal loans have seen steep increases in recent months. The Bank of England’s base rate has remained at 5.75% since July, but personal loan rates have shot up as a result of the credit crunch. A survey of 32 loan providers showed that some have pushed rates up by 3% - 12 [...]

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Loan rates on the rise

It is not just mortgages that are seeing interest rates rise. Banks are also raising rates on personal loans by as much as 4% as the impact of the credit crunch continues to widen. Among nine lenders to increase charges in the last week are Bradford & Bingley which has increased the rate on its loans [...]

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Top three personal loans

Let’s have a quick look at the top three personal loans available right now. First up is Your Personal Loan. There is a minimum age of 21 years. There is no arrangement fee and an early redemption fee of one month. You can take repayment breaks. There are no special incentives for this loan. The minimum [...]

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Is it more expensive to borrow smaller sums of money?

New figures are emerging indicating that it may in fact be cheaper to borrow larger amounts when taking out certain personal loans. In recent times it has become more expensive to take out a loan for sums less than £5,000 whereas the cost of loans over that amount has scarcely altered. It would appear to be the [...]

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