What sort of Personal Loan would work for you?

There’s never been a better time to borrow money ongoing record low interest rates and an increasing number of lenders on the market mean that even if you have a poor credit rating, taking out a loan need not mean that you break the monthly budget (lenders will scrutinise affordability). You might be planning a great holiday in 2017, want to replace your car, consolidate some other debts or make home improvements. So, what should you be looking out for when it comes to choosing a personal loan? Interest rates No matter what your personal circumstances, the rates being offered on a raft of personal loans have never been lower. If you have a good credit rating, then there are some particularly good deals out there at the moment. For instance, Sainsbury s Bank has a representative APR of 3 per cent on loans of between £7,500 and £15,000 but your repayment term is limited to between one and three years. Also, only Nectar card holders are able to apply for this loan. Those who don’t


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