Top 10 Personal Secured Loan UK - England Personal Loan Companies

Personal loan rates are lowest for values ranging from seven thousand five hundred to fifteen thousand pounds and in some situations up to twenty five thousand pounds when it comes to borrowing to cover larger ticket needs like a new car home upgrades a vacation or wedding obtaining the most competitive personal loan available to you can be a wise and cost effective way to go we conducted some research to find the best deals on personal loans of this size which we have shared now remember that the rates you see are indicative this implies that depending on your credit score and particular circumstances so maybe you could be offered more my name is tristan and welcome to the business snap.net channel please subscribe and share this video and don't forget to click the bell notification

Start with m and s bank on loans of this size m s bank gives a sample annual percentage rate of 2.8 percent the rate is available for loans with terms of up to seven years furthermore while existing m s clients current account loan or card holders can be advertised a more favorable set of loan rates there is no difference in this level of borrowing overpayments are free however penalties apply if you pay off your entire loan early m s do not charge for late or missed payment fees but though your credit score will be affected apply to see if you are eligible for a loan and what interest rate you might be offered here are the pros and cons

TSB bank tsb is a strong rival for personal loans with no late fees and a flat 2.8 annual percentage rate the same 2.8 percent applies to borrowings of up to 25 000 pounds as well if you are approved you will be able to take two consecutive one-month repayment holidays every 12 months existing tsb current account customers who have had their accounts open for more than three months can access their funds as soon as the next day you can overpay on your tsb loan at no extra cost although the lender charges a fee for early repayment in full here are the pros and cons

Santander santander's sample annual percentage rate of 2.8 percent on personal loans ranging from seven thousand five hundred to fifteen thousand pounds is available to both new and current clients with terms ranging from twelve months to five years bank personal loans provide for no interest lump sum over payments however there are penalties if you repay the loan in full before the agreed upon time frame if something goes wrong with your santender loan there are no late payment penalties though your credit score may be affected here are the pros and cons

Kahoot a part of santander offers a typical annual percentage rate of two point eight percent on personal loans ranging from seven thousand five hundred to fifteen thousand pounds the rate is offered to both new and existing customers who want to borrow for a period of one to five years overpayments on your kahoot loan are free however the lender levis a fee for early return in full there is also no penalty for late payments although your credit score is likely to take a hit kabut loans can also be serviced through its lending center once it is operational here are the pros and cons 

MBNA although it is arguably better recognized for credit cards mbna's option for personal loans of this size is fairly priced at 2.8 percent every year eligible employees can take up to two months off from work borrowing lengths of up to seven years are possible while the two point eight percent rate is limited to a maximum of five years there are costs for full early repayment but there are none for merely paying extra off your balance it's worth noting that lloyd's bank is the sole provider of mbn of personal loans here are the pros and cons

Tesco bank representative annual percentage rate for loans ranging from 7 500 to 25 000 pounds are fixed at 2.8 percent at tesco loan periods of up to seven years are available the 2.8 rate is limited to five years if you want to repay your loan early at tesco you will be charged a fee although regular and one-time overpayments are free you don't have to be a tesco club card holder but it may benefit your application if you are according to the lender's website here are the pros and cons

Virgin money the representative 2.9 annual percentage rate offered by virgin money pertains to loans ranging from 7 500 to 15 000 pounds in size repayment lengths are usually between one and five years if less than fifty percent of your loan is for the purpose of repaying an existing loan you may be able to repay over a maximum of seven years like many other loan providers there is a penalty for repaying your loan early but there is no charge for overpayments here are the pros and cons

Post office post office personal loans are accessible to all applicants with maturities of up to seven years and a sample annual percentage rate of 3.1 percent choosing the shortest loan period you can reasonably afford on the other hand will result in paying less interest overall if you want to repay the loan early at the post office you will be charged a fee but recurring and one-time overpayments are free here are the pros and cons

Double a doublea provides lending rates as low as 3.2 percent on borrowings ranging from 7 500 to 15 000 pounds if you remember the rate is significantly lower at 3.1 percent [Music] both annual percentage rate are available on borrowing durations ranging from 12 months to 7 years though choosing the shortest term you can comfortably afford is the most cost effective late payment penalties are typically 12 pounds but any harm to your credit score may be of greater concern if you want to repay your loan early you will be charged a fee although recurring and one-time overpayments are free

The best stated annual percentage rate on personal loans between seven thousand five hundred and fifteen thousand pounds that we uncovered throughout our analysis start at just two point eight percent [Music] despite recent interest rate increases this remains at historically low levels aided by a healthy dose of lender competition however it's crucial to remember that this may not be the rate you're offered when you apply more on that later thanks for watching please subscribe and press the bell icon to get a notification business snap finance and investing updates