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.
Nationwide reduces Personal Loan rates
With effect from Wednesday 6 May 2009, Nationwide Personal Loans will offer a competitive rate of 7.9% APR typical for loans of £7,500 to £14,999.
Black Horse deal brings greater choice
The secured lending arm of Lloyds Banking Group, Black Horse, is offering an exclusive rate through price comparison site moneysupermarket.com.
Brits improving not moving
The state of the housing market is causing people to spend increasing amounts on home improvements, according to Sainsbury's Finance, which offers one of the most competitive personal loan rates of 8.1% APR typical for balances of over £7,000.
Loan rates jump 3.4% in just 18 months
The cost of an unsecured personal loan continues to increase with loan rates up in some cases by 3.4% in just 18 months.
£2.93 billion of personal loans for debt consolidation
The early half of the year and January in particular is the busiest time for taking out personal loans for debt consolidation purposes.
Consumers could save money by consolidating debts
With the UK economy currently buckling under the weight of £1.45 trillion of total personal debt, reducing borrowing levels in the most economical way possible must be the number one priority for consumers in 2009.
Sainsbury's Finance cuts personal loan rate to 8.1%
Sainsbury's Finance has cut its loan rates for any online applications of £7,000 or more (up to £25,000) to 8.1% APR typical. This is effective immediately.
Sainsbury's extends 8.2% personal loans sale rate to all channels
Sainsbury's Finance has announced the extension of the special online personal loans rate to include telephone applications.
Sainsbury's cuts personal loans rate to 8.2% online
Online applications for Sainsbury's Finance Loans from £7,000 to £15,000 have been cut to 8.2% APR typical from 8.9% APR typical. This is a limited offer and is one of the lowest rates in the market.
Loans dry up as APRs treble
The number of personal loans available has almost halved since the start of the year, according to research by MoneyExpert.com. In January there were 105 products available to those looking to borrow £5,000 but today this figure has reduced to just 57, a decrease of forty six per cent.
Death knell sounds for sub-8% loan rates
Despite three significant cuts in the base rate over the last two months, personal loan rates continue to head in the opposite direction with six providers increasing rates in the last four weeks alone.