Cheapest Loans

Cheapest loan – what does this mean to you? The answer is not simple because the cheapest loan for you will depend on your personal circumstances and will not necessarily be the best option for someone else.

The cheapest loan for you will by definition have a reasonably low interest rate. All lenders have to quote a Typical APR which is the interest rate that 66% of successful applicants are offered by the lender. If you have missed payments in the past or have a CCJ you will be offered a higher interest rate by the lender.

If you have a good credit history the cheapest loan for you is probably an unsecured product. You can borrow any amount typically from £1,000 to £25,000. You can use the money for many purposes from buying a car, taking a holiday or making improvements to your home.

The table below lists our cheapest loans . Select the amount of money you want to borrow and repayment term to recalculate the monthly payment and total amount payable. You can then select the cheapest loan and review the detailed information.

our best loans
loan provider typical APR max loan term range 1 Sterling Credit 7.6% £75,000 3-25 yrs 2 First Plus 7.9% £100,000 5-25 yrs 3 Picture 8.4% £100,000 10-25 yrs 4 Nemo 10.9% £100,000 5-25 yrs 5 Paragon 11.3% £150,000 5-25 yrs

If you have a history of missed payments or have a CCJ, a secured product will probably be your best option of a cheapest loan. You will need to be a homeowner, i.e. you own a property outright or have a mortgage.. We can find you the cheapest loan whatever your circumstances. You can borrow up to £100,000 over 10 years or more even if you have a bad credit record.

See Myloanchoices best buy cheap secured loans