Compare Personal Loans

Compare personal loans – how should you go about it to find the best product for you?

Interest rate is probably the most important factor when you compare personal loans. A product with the best typical APR is likely to be the cheapest way of borrowing money however it is not necessarily always the best choice for you. For example, you may want the flexibility to pay back part or all of the debt before the end of the repayment period – the cheapest product may not have these features.

All lenders quote a typical APR which is the interest rate that 66% of successful applicants get offered by the lender.

When you compare personal loans you should be aware that you can borrow any amount from £1,000 to £25,000 without providing any security for the debt. 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 the best cheap products provided by Myloanchoices to allow you to compare personal loans. Select the amount of money you want to borrow and the repayment term. The table will then calculate the monthly payment and total amount payable. You can review detailed product information at any time by clicking on it.

If you missed multiple payments in the past and are a homeowner, i.e. you own a property outright or have a mortgage, you should compare personal loans where the lender lends you money secured on your property. Myloanchoices can find you a competitive secured product whatever your circumstances. You can borrow up to £100,000 over a 10 year repayment term even if you have a bad credit record.

our best secured 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