Personal loan rates rise

Money News

www.moneynews.co.uk > Loans > Personal loan rates rise

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Personal loan rates rise

Although much of the focus recently has been on mortgage rates, Moneyfacts has noted that many personal loan providers are also raising their rates.

The financial advice website has found that since the beginning of the year half of lenders providing personal loans have increased their rates, while Barclaycard, the AA, NatWest and Tesco Personal Finance have all done so in the past week,

In addition, Barclaycard has pulled the former best buy product on the market, which was offered through its Masterloan brand.

However, there are still good deals to be found, with Moneyback Bank, Britannia BS, Yorkshire Bank and Clydesdale bank all reducing selected rates since the January.

Moneyfacts suggests that anyone looking to take out a personal loan should check the 'typical rate' carefully for any catches and shop around for the best loan rates.

Earlier this month, Moneysupermarket.com suggested that a number of people are now using their credit cards as "low rate pseudo-loans", rather than taking out a personal loan.
ADNFCR-323-ID-18572692-ADNFCR

Related News : Loans

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet