Personal Loans
Danger consumers lose out shopping around for loans
The Treasury Committee has released a Report, Credit Searches, which calls on the Office of Fair Trading and the Information Commissioner's Office to investigate the fairness of a part of the credit market.
Nearly £20 billion to be spent on second-hand cars
Around 3.7 million people, 8% of the adults in Great Britain, plan to buy second-hand cars in the six months leading up to the end of February 2010, according to new research from Sainsbury's Finance.
Loan rates continue to rise
Since Bank Rate dropped to the historic low level of 0.50% in March, loan rates have continued to increase.
Value of personal loans for cars rises due to scrappage scheme
In a clear sign that the Government's car scrappage scheme is succeeding in its mission to stimulate the motor vehicle market in the UK, Sainsbury's Finance estimates that the scrappage scheme is directly responsible for a 37% increase in the value of personal loans
Nationwide offers personal loan rate of 7.9% APR typical
With effect from Wednesday 7 October 2009, Nationwide will be introducing a new personal loan rate of 7.9% APR typical for loans of between £7,500 and £14,999 for its current account customers.
Personal loan providers up rates
Since the start of September, three unsecured personal loan providers have implemented rate hikes of up to 1.2% for new customers. This product ‘tweak', although seemingly small, could cost personal loan customers an extra £322 in interest paid on a typical loan of £10,000.
Good car deals available for those who shop around
With new car registrations out this month, you may be thinking of trading in your old car and buying something brand new. And if you drive an old banger you may even be thinking of taking advantage of the government's car scrappage scheme.
M&S Money 10% cashback reward offer extended
M&S Money's 10% cashback reward offer to customers who take out a personal loan is being extended until 7th September 2009.
moneysupermarket.com: Nationwide 7.7% loan rate
Commenting on Nationwide's market leading personal loan rate of 7.7 per cent APR, Tim Moss, head of loans at moneysupermarket.com said: "Nationwide has really bucked the trend in the loans market by offering its existing customers the most competitive personal loan rate available by quite some margin.
Nationwide offers personal loans rates of 7.7%
With effect from Thursday 6 August 2009, Nationwide will be reducing its personal loan rate to offer a marketing leading rate of 7.7% typical APR for loans of between £5,000 and £14,999 for its current account customers.
Lenders shy away from unsecured borrowing
Latest figures from Moneyfacts.co.uk show a 37% drop over the last two years in the number of lenders offering unsecured personal loans.
£60m worth of loans taken out for dental treatments
Around 6,900 personal loans worth an estimated £60.2 million have been taken out either wholly or partially to fund dental surgery in the UK since the beginning of 2007, according to Sainsbury's Finance.
M&S Money offers 10% cashback reward on personal loans
M&S Money is offering a 10% cashback reward to customers who take out a personal loan between 24th June and 11th August 2009.
Secured loan market virtually disappears
This week sees another lender joining the long list of providers that have pulled out of the second charge secured loan market, leaving just Nemo Personal Loans, Ocean Money and Secure Trust Bank.
Loan rates jump 44%
Borrowers looking for an unsecured personal loan have seen rates jump by up to 44% in just two years.