Get the loan that's right for you
When seeking a loan it is important to make sure you’re getting the best possible deal.
Look through our site for helpful tips on how to get a loan and what to look out for when choosing a loan company.
Then, if you want to apply, click the links on the Best Buy table to go straight to an application form.
Look through our site for helpful tips on how to get a loan and what to look out for when choosing a loan company.
Then, if you want to apply, click the links on the Best Buy table to go straight to an application form.
Tips for choosing between loans
Tips for choosing between loans
Unsecured is better than secured – you often get better rates and don't stand the risk of losing your home. However, sometimes all you can get is secured
Borrow little over a short period – don't take more than you need and don't repay over too long a time
TAR not APR – most of us have heard of APR. TAR is the total amount repayable and includes any fees from lenders. Don't compare APR, compare TAR
Shop around – you will be amazed at the different rates you could be offered
Don't shop around too much – apply for too many loans (probably 6 or more) and your credit history could take a hit
Avoid Payment Protection Insurance – it's a rip off, or at least it is when loan companies sell it to you. Don't give in to their high pressure tactics. You do not have to take it out and you can get much better rates elsewhere
Unsecured is better than secured – you often get better rates and don't stand the risk of losing your home. However, sometimes all you can get is secured
Borrow little over a short period – don't take more than you need and don't repay over too long a time
TAR not APR – most of us have heard of APR. TAR is the total amount repayable and includes any fees from lenders. Don't compare APR, compare TAR
Shop around – you will be amazed at the different rates you could be offered
Don't shop around too much – apply for too many loans (probably 6 or more) and your credit history could take a hit
Avoid Payment Protection Insurance – it's a rip off, or at least it is when loan companies sell it to you. Don't give in to their high pressure tactics. You do not have to take it out and you can get much better rates elsewhere
Quick Tips
Don't borrow more than you need
Pay it back in the shortest time you possibly can
Watch out for Payment Protection Insurance
Shop around
But not too much, it could affect your credit rating
Compare TAR not APR
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