|
Low Interest Loans
Low interest rates may not be good for savers
but anyone taking out an unsecured personal loan has a wealth of cheap
offers to choose from.
Consumers in the UK are collectively losing £1.2 billion a
year in expensive personal loans because they don’t shop
around for the lowest interest rates, according to research by
Datamonitor and the British Bankers Association.
Borrowers would save themselves a considerable amount of
money by switching to lenders offering low interest rates for
personal loans.
Some of the lowest interest rates can be found online with
rates of around 6% APR. A low interest loan is
perfect for anyone looking to either consolidate their debts or
make that special purchase in the coming months
The table below summarises some of
the lowest rates available.
Low Interest Loan Rates
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| M&S Personal Loan |
£7500 |
£15000 | 6%
|
Representative APR: 6%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £234.12
Total charge for credit: £1238
Total amount payable: £11238
| | For loans of £7,500 - £15,000. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Platinum |
£10000 |
£12499 | 14.5%
|
Representative APR: 14.5%
variable
Loan amount: £10000
Loan duration: 5 years
Monthly payment: £192.59
Total charge for credit: £1555
Total amount payable: £11555
| | CHEAPEST Homeowner Loan in the UK for loans from £10,000. Fixed rates available. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Tesco |
£7500 |
£14999 | 6.1%
|
Representative APR: 6.1%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £234.56
Total charge for credit: £1259
Total amount payable: £11259
| | For loans of £7,500 - £14,999. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Sainsbury's Shopper Personal Loan |
£7500 |
£15000 | 6.1%
|
Representative APR: 6.1%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £234.56
Total charge for credit: £1259
Total amount payable: £11259
| | For loans of £7,500 - £15,000. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Alliance & Leicester |
£7500 |
£14950 | 6.3%
|
Representative APR: 6.3%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £235.42
Total charge for credit: £1300
Total amount payable: £11300
| | For loans of £7,500 - £14,950. Apply online for a quick decision. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Nationwide |
£7500 |
£14999 | 6.4%
|
Representative APR: 6.4%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £235.86
Total charge for credit: £1321
Total amount payable: £11321
| | Apply online - Nationwide will give you a no obligation quote that won't affect your credit rating. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Sainsbury's Shopper Reward Loan |
£7500 |
£15000 | 6.9%
|
Representative APR: 6.9%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £238.03
Total charge for credit: £1425
Total amount payable: £11425
| | Nectar card holders receive double Nectar points for 2yrs on £7.5k-£15,000. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| Santander |
£7500 |
£14950 | 6.9%
|
Representative APR: 6.9%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £238.03
Total charge for credit: £1425
Total amount payable: £11425
| | For loans of £7,500 - £14,950. Apply online for a quick decision. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Good Credit History
|
|---|
| AA |
£7500 |
£14950 | 7.9%
|
Representative APR: 7.9%
fixed
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £242.38
Total charge for credit: £1634
Total amount payable: £11634
| | For loans of £7,500 - £14,950. Apply online today. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Fair Credit History
|
|---|
| Platinum |
£10000 |
£12499 | 14.5%
|
Representative APR: 14.5%
variable
Loan amount: £10000
Loan duration: 5 years
Monthly payment: £192.59
Total charge for credit: £1555
Total amount payable: £11555
| | CHEAPEST Homeowner Loan in the UK for loans from £10,000. Fixed rates available. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Fair Credit History
|
|---|
| Central Capital |
£7500 |
£100000 | 19.4%
|
Representative APR: 19.4%
variable
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £262.54
Total charge for credit: £2602
Total amount payable: £12602
| | Loans for homeowners. Fixed rates available. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Fair Credit History
|
|---|
| Pounds to Pocket |
£300 |
£2000 | 277.7%
|
Representative APR: 277.7%
fixed
Loan amount: £2000
Loan duration: 1 years
Monthly payment: £318.56
Total charge for credit: £1823
Total amount payable: £3823
| | 12 month personal loans of up to £2,000. No early repayment charges are applicable. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Poor Credit History
|
|---|
| Central Capital |
£7500 |
£100000 | 19.4%
|
Representative APR: 19.4%
variable
Loan amount: £10000
Loan duration: 4 years
Monthly payment: £262.54
Total charge for credit: £2602
Total amount payable: £12602
| | Loans for homeowners. Fixed rates available. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Poor Credit History
|
|---|
| FLM Loans |
£750 |
£999 | 49.9%
|
Representative APR: 49.9%
variable
Loan amount: £999
Loan duration: 2 years
Monthly payment: £61.76
Total charge for credit: £483
Total amount payable: £1482
| | £500-£5,000. Will accept anyone with friend or family homeowner guarantor. | Apply / Details |
| Loan | Min Amount | Max Amount | Representative APR |
Representative Example
|
|---|
|
Suitable for applicants with Poor Credit History
|
|---|
| Pounds to Pocket |
£300 |
£2000 | 277.7%
|
Representative APR: 277.7%
fixed
Loan amount: £2000
Loan duration: 1 years
Monthly payment: £318.56
Total charge for credit: £1823
Total amount payable: £3823
| | 12 month personal loans of up to £2,000. No early repayment charges are applicable. | Apply / Details |
This website provides background information only
and accepts no responsibility or liability for any loss or
damage incurred as a result of relying on information contained
on this website.
If you have a specific problem you are advised to consult an
appropriately qualified professional. |
