Personal loans News

Nationwide personal loan switcher offer relaunched
Nationwide has relaunched its personal loan switcher offer for the pre-Christmas period.

Sainsbury's Bank internet loan rates cut
Sainsbury's Bank has announced it is cutting its loan rates by 0.2 points.

HSBC personal loans finds consumers still interested
Consumers are still interested in loans, with secured loans more popular than unsecured, HSBC's latest borrowing confidence index has shown.

House of Lords debating high risk personal loans
The House of Lords has been debating high risk personal loans along with other issues that concern consumer credit and debt.

Inflation unlikely to affect HSBC personal loans
Inflation nudged up to 1.2 per cent in October but is unlikely to budge interest rates, meaning that personal loan rates could remain the same.

Post Office personal loans paying for Christmas
Nearly one in five Brits don't know how they will pay for Christmas or already expect to overspend, possibly using a loan or a credit card, a new survey by Post Office Loans has revealed.

Cheap rates for personal loans
Economists predict that UK interest rates will remain static for some time to come, meaning personal loans will remain good value.

AA cuts lending rate on personal loans
The financial wing of the AA has cut its Internet lending rate to 5.8 per cent APR on its personal loans.

Consumers cautioned about high interest loans
A debt adviser has warned against the dangers of heavy credit arrangements, after it emerged that a couple who took out a £5,750 home improvement loan in an attempt to pay off arrears on their mortgage are being pursued for £384,000 after the debt spiralled out of control.

Neglect of savings sector may mean more personal loans
A savings expert has warned Westminster's policy-makers that they need to reassess their sense of priorities relating to the savings industry, as otherwise more personal loans could be needed as a result.

HSBC personal loan centres open
HSBC is to open 214 commercial centres across Britain, which will be authorised to make individual lending decisions of up to £1 million.

Post Office offers low unsecured personal loan rates
The post office has announced that its new personal loan will have the lowest interest rate it has ever charged.

Alliance & Leicester personal loan rate cut
Alliance & Leicester have slashed their personal loan rate by more than half a per cent - making it one of the lowest rates on the market.

UK increasingly seeks a loan
The number of people seeking personal loans, mortgages and equity withdrawal has picked up following a slowdown during the summer months, according to a new survey.

Online finance sales stall
Research shows 87 per cent of consumers are using the internet to make purchases more now than they did five years ago - but reluctance remains in relation to financial products.

Cars too costly
It is time for the Office of Fair Trading (OFT) to investigate high car prices, says an influential group of MPs.