Personal Loan Rates

Personal loan rate is probably the most important factor when you are comparing cheap ways to borrow money. A product with the best typical APR is however not necessarily the best choice for you but is definitely worth considering.

All lenders quote a typical APR which is the personal loan rate that 66% of successful applicants get offered by the lender. If you have missed payments in the past you may be offered a higher personal loan rate by the lender.

You can borrow any amount typically from £1,000 to £25,000 if you borrow from the lender with no security. 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 listed by personal loan rate. Select the amount of money you want to borrow and the repayment term. The table will then recalculate the monthly payment and total amount payable. You can click on the product and review the detailed information an any time.

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 bad credit history and are a homeowner, i.e. you own a property outright or have a mortgage, your best chance to get a low personal loan rate is to consider a product 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.