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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 donít 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

LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Hitachi Capital £7500 £100004.0% Representative APR: 4.0% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £294.92
Total charge for credit: £617.19
Total amount payable: £10617.19
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Sainsbury's £7500 £150003.9% Representative APR: 3.9% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £294.49
Total charge for credit: £601.75
Total amount payable: £10601.75
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Clydesdale Bank £7500 £150005.9% Representative APR: 5.9% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £303.07
Total charge for credit: £910.55
Total amount payable: £10910.55
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Yorkshire Bank £7500 £150005.9% Representative APR: 5.9% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £303.07
Total charge for credit: £910.55
Total amount payable: £10910.55
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Zopa £10000 £100993.7% Representative APR: 3.7% fixed
Loan amount: £10000
Loan duration: 3 years
Fee: £80
Monthly payment: £293.64
Total charge for credit: £570.87
Total amount payable: £10570.87
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Sainsbury's £7500 £150004.0% Representative APR: 4.0% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £294.92
Total charge for credit: £617.19
Total amount payable: £10617.19
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Tesco Bank £7500 £150004.1% Representative APR: 4.1% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £295.35
Total charge for credit: £632.62
Total amount payable: £10632.62
Apply / Details
LoanMin AmountMax AmountRepresentative APR Representative Example
Suitable for applicants with Good Credit History
Santander £7500 £100004.5% Representative APR: 4.5% fixed
Loan amount: £10000
Loan duration: 3 years
Monthly payment: £297.07
Total charge for credit: £694.38
Total amount payable: £10694.38
Apply / Details

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