What are the market-leading personal loan rates?
The good news for borrowers is that there are still a handful of attractive deals out there. Someone looking to borrow £5,000 over three years could get a rate of 7.3% from Barclaycard loan. The monthly payments would be £154.54 and including interest and all other charges, you would repay a total of £5,563. Alternatively, Moneyback Bank is offering a rate of 7.8%. This would equate to payments of £155.61 a month and over the three-year term it would cost you a total of £5,602. However, these rates are only available to those with good credit scores. If your credit history is less than perfect you need to be careful when applying for any form of borrowing. Remember that each rejected application will leave a black mark on your profile and may ultimately prevent you getting a loan elsewhere – so do some research before applying for a loan. Our Smart Search tool will help identify the deals you are likely to have access to based on your credit profile. For example, if you have a fair cre
