Click on the name to find out more about
each one, then click the button below your choice to
compare their rates with others:
This big, fast and impressive
banker, with its Hong Kong roots, and international style
has a fast track, product line approach to the loans
market
"Our Flexiloan comes with a fixed borrowing limit that you can take advantage
of whenever you need it. And if you don't use it, you don't pay anything!
Barclays has been around more than 300 years,
and in that time has proven itself a classy innovator. It has kept up the
pace, and some of its personal loans are exceptionally good products compared
to the High Street offerings.
"A Barclays loan is called a Barclayloan. Barclayloans
are available up to £25000.Repayment options
are from 1 to 5 years . For a loan of more than £10000
a 7 year term may be possible. Loan repayment protection is available."
Clever bankers, Lloyds. They've been around for
over 250 years, saw the trend from private family banking to incorporated
banking
early, and never looked back. They are very good at paring a little extra
off the other High street offerings, and their loans
products reflect this.
Lloyds are moving quickly to an online banking model,
and are offering very competitive online loan rates to help drive this move,
worth a look.
Royal
Bank of Scotland — punching its weight in loans products
The Royal Bank of Scotland Group, founded in
1727, is one of Europe’s leading financial services groups. By market capitalisation
it is the second largest bank in the UK and in Europe and ranks fifth in
the world.
In March 2000, The Royal Bank of Scotland Group
completed the acquisition of NatWest in a £21 billion deal that
was the largest takeover in British banking history.
It;s consumer lending reflects it's size . . . packaged
right into the mid range of the High Street.
"You can borrow between £1000 - £25,000 with fixed
repayments over 12-60 months, with an 84 month period
for loans over £15,000.
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Tesco moves into the loan business
Tesco is one of the big
money handlers, the national retailers, who have decided
to cut out the middle man; if you are going to take
money off
people who borrowed it when you sell them stuff, you
may as well lend it to them, too.
This double ended approach
allows borrowers some interesting possibilities . .
. more generous provision for unsecured loans, being
the
most obvious.
.
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Marks
and Spencer — a retail approach to the loan business
As everybody's source of socks and underpants (as well
as scads of other stuff) Marks and Sparks are ideally placed to loan money
to their customers.
Its a retail approach al the way, with annual loan
"sales", special deals and high interest traded off against low security, and
of course, you might
spend some of it with them, too. A double earner.
.
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First
Direct
One of many services
First Direct is using to build market share,
their
loans facilities are based on fast online
processing, and cheese paring the high street
offerings
to give slightly better rates.
Worth a look, as you get
a £500 overdraft when you become a customer,
and you need to be a customer to apply for a
loan.
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Virgin Money
This is fast. Whoever is running Virgin is cashing
in on their
advantage . . . they are new, so they have no legacy of slow, paper
based processing, and if they get their risk tables right, they can approve
and pay out like lightning.
And that is just what they are doing. The interest rates
aren't bad, and the turnaround is, as we say, impressive.
.
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Yorkshire
Bank
The bank says it up front.
It's committed to becoming the first choice
financial provider, and it's going at it hard.
A new online loans facility,
and the sort of interest rates and charges
that go with a bank looking for market share,
is worth a look.
.
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Smile
Smile is the internet side of
Cooperative bank. It trades fast online service against
a slightly higher interest rate.
However there are some good deals
to be done on their smaller,"automatic" type
loans, with competitive
interest on amounts up to £5000 and the opportunity
to spread payments to suit income.
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Nationwide
Twenty five quid in cash if you can get a better deal
from the High Street banks. Says it all, really.
This big building society has sliced its interest rates
and charges, and is out for customers. They are making big offers and it's
up to you to take it or leave it.
It'd be rude not to, wouldn't it?
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to top
Halifax
If you happen to be a customer,
you're a walk up start for a loan here, if you are
not, you'll need to open an account first.
The rates are just ok, but there
is a great range of products, and there are signs that
the Halifax is waking up to the need for some cuts
in rates, and better deals. Worth watching.
.
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Northern Rock
It's a game of beat the High Street bankers, and Northern
Rock is right in it.
The interest rates are pared to the bone, charges are
reasonable and insurance is quite cheap.
The form asks if you are a customer, and that may
act in your favour, although there is no indication that's the case. But
if you need cash, it looks like Northern Rock are ready to listen.
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Freedom
Finance
Instant online applications, no waiting, low rates and
no other charges. Sounds like a sort of freedom . . . and it is.
Freedom claims to be happy to accept applications from
people with no equity, adverse credit and the self employed . . . given good
rates and no hidden charges, what else could you want?
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RAC
While you can use an RAC loan for nearly anything that's
legal, clearly buying a car and similar motorised acquisitions seems to be
a sensible view of purpose for this lender.
You can also get great discounts on insurance for the
vehicle (but check out Uk
Online Motor Insurance
first) a credit card that gives super discounts on car stuff and fuel,
and all sorts of other
benefits.
Loans
interest
is
a
little
high,
but there
are other benefits.
For the dedicated motorist, its worth a look.
.
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