Personal Loans
Sainsbury’s Finance cuts personal loan rate
Sainsbury's Finance has reduced its best buy personal loan rate to a best buy 6.9% APR. Representative for loans between £7,500 and £14,999 until 29th March.
Rate war spreads to smaller personal loans
Anyone looking to take out an unsecured personal loan will benefit from a resurgence in the loans market, which has seen average rates across all lending amounts drop for the first time this year, according to analysis by moneysupermarket.com.
M&S Money reduces personal loan rate
M&S Money is reducing the rate on its personal loans from 7.5% APR to 6.9% APR (representative). The offer applies to personal loans between £7,500 and £15,000.
Rate cuts make Sainsbury's Loans best buys in most brackets
Sainsbury's Loans' recent move - reducing the rate on £7.5K - £14,999 loans, from 7.4% to 7.2% - has secured the supermarket bank the best buy top spot. Indeed, this position is felt across most borrowing brackets with the bank offering a five star rated Moneyfacts product for small, medium and larger loan amounts.
Sainsbury's Finance cuts personal loan rates
Sainsbury's Finance has reduced its best buy personal loan rate to 7.2% APR Typical for loans between £7,500 and £14,999.
Personal loans taken out for debt consolidation
During the first quarter of this year, Sainsbury's Finance estimates that up to 139,000 personal loans worth as much as £1.55 billion could be taken to consolidate debt. This is equivalent to around 35% of the value of personal loans taken out during this period.
UK borrowers face tougher lending criteria
Anyone looking to take out a new credit card or personal loan should do so before 1 February to avoid new regulations which mean fewer borrowers will receive the advertised rate, according to UK comparison site, moneysupermarket.com.
Consumers in the dark about new credit directive
With the Consumer Credit Directive looking to shake up the lending market, new research from uSwitch.com, the independent price comparison and switching service, reveals that initially it could cause more harm than good, leaving consumers confused and potentially put off applying for credit.
Loan suppliers go to war
High street banks Nationwide and Santander have started a price war on loan rates, with the winners set to be consumers, says uSwitch.com, the independent price comparison and switching service.
Nationwide cuts its personal loan rate
With effect from today, Tuesday 11 January 2011, Nationwide is cutting its personal loan rate for its main current account customers to 7.2% APR typical. This new rate, for loans of up to five years between £7,500 and £14,999, means that Nationwide is once again offering the UK's lowest personal loan rate.
Santander offer financial hangover cure
Santander this week launched the lowest loan rate on the market, as well as bringing back their £100 current account switching incentive.
Let the 2011 personal loan rate war begin
A rate war has broken out in the personal loan market, which is great news for anyone looking to borrow this January. The average rate on the top 10 unsecured personal loans at £7,500 has fallen to 7.89 per cent - the lowest level since November 2008.
Personal loan rates cut as lenders battle it out
Andrew Hagger from Moneynet.co.uk looks at the latest moves in the personal loan market. In the last two weeks we have seen six big financial brands cut the interest rate on their personal loan products.
M&S Money reduces personal loan rate
M&S Money is reducing the rate on its personal loans from 9.9% APR to 7.5% APR (typical). The offer is available from 6th January 2011 and applies to personal loans between £7,500 and £15,000.
Sainsbury's offers reduced rate on loans
Sainsbury's Loans has just introduced a reduced rate of 7.4% APR Typical for new customers applying online for loans between £7,500 and £14,999.