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Personal Loan Guide

Personal Loans - Unsecured, Low rate, Cheap, Online, Car, Student, Payday, UK, Bad Credit, Homeowner, Tenant, Personal Loan, Guide

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The most popular types of loans are debt consolidation loans, home improvement loans and car loans. The most common types of loans are unsecured loans, secured loans, and hire purchase agreements. Payday loans are also becoming more popular. Most of these loans are regulated by the Consumer Credit Act which provides consumers with protection and rights.   
 
For more information read our loan guides:
 
 
Or if you are looking for a loan:
 
compare loans and search the market for the best low rate unsecured personal loans.
compare homeowner secured loans using our secured loan calculator.
 
What happens if I can’t repay a loan?
 
Lenders keep a record of your credit history with the credit reference agencies so any time that you are late with or miss a payment this is usually recorded and as well as being charged a late payment fee, you will have adversely affected your credit rating. For this reason it is vital that you ensure that you can afford the loan payments before taking out any credit and take into account anything that may affect your circumstances during the loan term. If the loan that you have taken out is a secured homeowner loan, secured on your property then, as with a mortgage, your property may be at risk if you fall behind with your payments. If you have missed any payments and are struggling to get back on top of things then you may actually qualify for some debt forgiveness and in some instances the lenders will freeze your interest. Speak to an advisor for debt help or read our debt solutions guide that will point you in the right direction.
 
Not found what you are looking for?
 
 
Dan Gale, Moneyextra.com May 2009

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2009-05-11 12:03:44 © Moneyextra.com

Loans - Top Picks

Unsecured Loans
Barclays Bank - Existing Customer Barclayloan Plus Funded
Barclays Bank
Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£386.94 6.2% Fixed £23,216.38

Representative example: based on a loan of £20000 Representative APR 6.2% Fixed. Total amount repayable £23,216.38 at £386.94 per month for 60 months.

More Info
Barclays Bank - Existing Customer Barclayloan Plus

Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£410.87 8.9% Fixed £24,652.44

Representative example: based on a loan of £20000 Representative APR 8.9% Fixed. Total amount repayable £24,652.44 at £410.87 per month for 60 months.

Find a cheaper offer and Barclays Will Pay the Difference

More Info
HSBC - Existing Customer Personal Loan

Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£419.82 9.9% Fixed £25,188.92

Representative example: based on a loan of £20000 Representative APR 9.9% Fixed. Total amount repayable £25,188.92 at £419.82 per month for 60 months.

Find a cheaper offer and Barclays Will Pay the Difference

More Info
Nationwide Building Society - Personal Loan

Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£419.82 9.9% Fixed £25,188.92

Representative example: based on a loan of £20000 Representative APR 9.9% Fixed. Total amount repayable £25,188.92 at £419.82 per month for 60 months.

Advertised rate for main FlexAccount customers only, other options available.

More Info
Secured Loans
Norton Financial Services - Secured Loan
Norton Financial Services
Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£419.82 9.9% Variable £25,188.92

Representative example: based on a loan of £20000 Representative APR 9.9% Variable. Total amount repayable £25,188.92 at £419.82 per month for 60 months.

More Info
Willows Finance - Good Credit

Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£419.82 9.9% Variable £25,188.92

Representative example: based on a loan of £20000 Representative APR 9.9% Variable. Total amount repayable £25,188.92 at £419.82 per month for 60 months.

Low Rate, Cheap, Secured Homeowner Loan

More Info
Nemo Personal Finance - Secured Loan

Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£433.30 11.4% Variable £25,997.90

Representative example: based on a loan of £20000 Representative APR 11.4% Variable. Total amount repayable £25,997.90 at £433.30 per month for 60 months.

Low Rate, Cheap, Secured Homeowner Loan

More Info
Nemo Personal Finance - Secured Homeowner Loan

Product

Monthly Payment
Amount

Representative APR
(variable)

Rate Type

Total Payable

£451.40 13.4% Variable £27,083.81

Representative example: based on a loan of £20000 Representative APR 13.4% Variable. Total amount repayable £27,083.81 at £451.40 per month for 60 months.

UK Secured Homeowner Loan

More Info