Interest Free Loans, Interest Free Secured Loan UK

Our Online Loan Buys *

	Typical APR	Per Mth
	7.8%	£155.61
	8.8%	£157.75
	9.3%	£158.83
	9.3%	£158.83
* Based on £5000 over 3 years and is not a full search of the whole market

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Interest free loans. Buy now, pay later! It sounds too good to be true but if you stick to the letter of the agreement you can get a bargain.

You'll be given a set period, months or years, in which to repay the debt. Providing you do so the financing won't cost you anything extra and you'll have been able to spread the cost of the purchase, making it more manageable.

However, miss the deadline and you may find yourself paying rates of interest that may run up to as much as 30%; and which may be backdated to when you originally took out the credit agreement.

Make sure you keep a record of all your payments so you can prove you have made them in case of any dispute.

Last Updated: May 2007 © Moneyextra.com

Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.