Personal Loans

Nationwide introduces personalised pricing to personal loans

Nationwide has made changes to the way its personal loans are priced by introducing personalised pricing.

Borrowers beware - loan rates at an all-time high

The average cost of a personal loan has crept up to almost double that of base rate since September this year, according to analysis by moneysupermarket.com.

Loan rates continues to creep up for consumer

Despite the recent base rate decrease, in the last week two loan providers have increased their unsecured loan rates by up to 4.8%, hitting consumers even harder in the pocket.

Loan rates continue to soar

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "A few months ago Moneyfacts reported that borrowers could no longer find loan rates of less than 7%: now there are just seven providers offering rates less than 8% and this number is dwindling fast.

In 28 days loan rates rocket by up to 9%

In the last four weeks alone, research from uSwitch.com reveals that eight providers have increased unsecured personal loans by as much as 9% and the total number of loans available has fallen from 56 to 52.

M&S Money offers 25% cashback reward on personal loans

M&S Money is offering a 25% cashback reward to customers who take out a personal loan until 29th October 2008.

moneysupermarket.com launches exclusive platinum secured loan

Moneysupermarket.com has launched a new exclusive secured loan with a market leading rate of 7.5 per cent APR.

Car buyers urged to get the upper hand with a same day loan

Motorists looking to buy a new car after the ‘58' registrations become available are being urged by Alliance & Leicester to ensure they have the upper hand when heading to the showroom to make their purchase.

Moneyback Bank and A&L increase unsecured personal loan rates

Following Moneyback Bank and Alliance and Leicester's increase to unsecured personal loan rates by up to 1.1% APR, Simeon Linstead, Head of Personal Finance at uSwitch.com, comments: "Unsecured personal loan deals continue to rise with two more lenders increasing rates by as much as 1.1% APR today.

Best buy loan rates have increased by 1.3%

Consumers taking out best buy unsecured personal loans could expect to pay £1.2 billion more in interest than they would have if they took the loan out just over a year ago, according to research from uSwitch.com.

Estate agents lose out as loans for home improvement soar

Over half (55 per cent) of estate agents nationwide have reported an increase in homeowners taking their property off the market in favour of making home improvements, according to new research.

Borrowing pain continues as loan rates increase again

Esther James, analyst at Moneyfacts.co.uk, comments: "Family finances continue to be stretched, causing many to consider consolidating existing debts into one loan as a means of reducing monthly outgoings. Borrowers, however, will find that the reduction may not be as great as expected.