Hot Topics

What interest rate will I pay and is it negotiable?
Interest rates vary from lender to lender, and it all depends on how much you borrow, and over what period of time.
How can I improve my credit rating?
If you are having trouble getting credit, there are a number of measures you can take to safeguard your credit rating. Here we have listed some helpful hints here to keep you in credit:
What is not covered by personal loan protection insurance?
There are a number of situations that are normally exempt from personal loan protection.
Can I cancel my loan application if I decide not to go ahead for any reason?
If you decide you want to cancel your loan application once you have made it, you can do so within a certain period of time set by the loan company.
What if I want to move house during the term of my loan?
Moving house is only an issue if you have a secured loan – as you have borrowed against the value of your house. How your loan company deals with this varies greatly. Some allow you to transfer your loan to your new property, using your

What interest rate will I pay and is it negotiable?

Interest rates vary from lender to lender, and it all depends on how much you borrow, and over what period of time.

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It's worth bearing in mind that some lenders are only interested in lending to people whom they regard as a 'low risk' and they offer them lower interest rates to attract their business. This 'cherry picking' by lenders means that if you’re considered to be a risk you will either be offered money at a higher interest rate or not offered a loan at all.

Whatever your personal circumstances, if you do your homework and get several alternative quotations you should be able to cut the cost of your personal loan. It is possible you may be able to negotiate the interest rate you pay, however most lenders already have a set system in place. Also, lenders vary in their approach, some will want to ask personal questions about your finances and your future plans before making up their mind on whether to lend and at what interest rate. You have less chance of negotiating a favourable interest rate if you don’t own your own home, have a bed credit history, or if you’re self-employed with a short trading record.


Risk Warning
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.
Think carefully before securing other debts to your home.