Personal Loans
M&S Money offers 25% cashback reward on personal loans
M&S Money is offering a cashback reward to customers who take out a personal loan between 1st April and 3rd June 2008.
Credit’s not so easy anymore
Not only have personal loan rates increased by an average of 1.7% over the past year, lenders have also made some significant changes to the way that they offer these products.
Loan rates still on the up
Just two weeks ago the FSA suggested that the days of cheap credit were over. The latest Moneyfacts.co.uk research into the cost of unsecured personal loans underlines that this is certainly the case.
Wedding loans to top £1 billion
As thousands of women look to take advantage of this Leap Year and propose to their partners, Sainsbury’s Finance estimates that as many as 123,500 personal loans worth an estimated £1.16 billion will be taken out during 2008 to help pay for weddings.
New Year loans
When it comes to sticking to our New Years' Resolutions, as far as personal finances are concerned, we're determined to stay on track, according to research by Halifax Unsecured Personal Loans.
Good news for borrowers as personal loan rates fall
Esther James, personal finance analyst at Moneyfacts.co.uk, comments: “For most of 2007 we reported rising loan rates, with the demise of sub six percent personal loans and the market finally settling at the end of the year with the best deals around 6.5% to 7%.
The consolidation clock is ticking
Consumers could save £15 billion in interest by consolidating all their unsecured debts (credit cards, overdrafts and unsecured loans) into one low cost unsecured personal loan, according to research from uSwitch.com.
Ditch costly store cards in favour of a competitive low-rate loan
Paying off costly store cards, booking a long-overdue holiday or buying the car of your dreams can now be done in a matter of hours after Alliance & Leicester became the first UK bank to offer same day funds for unsecured loans to both new and existing customers.
Sainsbury’s cuts personal loan rate
Sainsbury’s Bank has bucked the trend and cut its personal loan rate. From 18th December, online applications for Sainsbury’s Loans of £7,000 or more (up to £25,000) will be cut to 6.5% APR typical from 6.9% APR typical.
Social lending gets ‘up close and personal’
For the first time in the UK, Zopa Listings allows individual borrowers to post their own specific loan requirements and circumstances for individual lenders to review and then bid against.
Monday money management
When it comes to getting a loan online, Monday afternoons are the most popular time to apply, according to research by Halifax Unsecured Personal Loans.
moneysupermarket.com: positive moves in the loans market
Commenting on positive moves in the loans market, Tim Moss, head of loans at moneysupermarket.com, said: “With several loan rates on the rise, it’s positive to see providers such as Barclays and Co-op Bank bucking the trend.
Barclays ups the ante on personal loans
Barclays has taken advantage of its strong position as a major deposit taker and is cutting its personal loan rates across its book to offer some of the most competitive rates on the market.
Personal loan rates take a battering
Lisa Taylor, analyst at Moneyfacts.co.uk, comments: “This week loan rates have taken a real battering, with a total of nine providers hiking interest rates on some tiers by up to 4%.
Parents paying for university education
Nearly three fifths of parents (57%) said their children either have, or will need to take out a Student Loan to fund their university education, according to research from Halifax Unsecured Personal Loans.