Personal Loans
Debt enquiries expected to surge
With many consumers looking to reduce their New Year debts, Richard Napier, Nationwide's head of credit cards and personal loans, talks about the options consumers have to help them get over their Christmas debt hangover.
Banks push to become one-stop shops
Banks are increasingly focussing their sales efforts on their existing customers as they seek to cater for all their customers' financial needs.
Nationwide offers personal loan rate of 7.6% APR
With effect from Tuesday 5 January 2010, Nationwide will be introducing a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount customers.
Sainsbury's offers reduced personal loan rate
Sainsbury's Finance is offering its shoppers a reduced personal loan rate of 7.9% APR Typical and double Nectar points on their shopping for two years when applying with a Nectar card between 29th December 2009 and 28th February 2010.
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.