Who else wants cheaper loans?

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Interest rates are on the rise meaning that if you want to take advantage of the unnervingly good low rate offers on personal loans, now is the time to do it.

Fixed rate personal loans.

Fixed rate loans are great of you want to now how much you’ll be paying each and every month. choose a fixed rate loan to help you plan and budget your money each month. Because the rate is fixed, no matter what happens to the UK interest rates you payments will always remain the same. Some good low rate loans include:

• Abbey National Personal Loans
• Northern rock Personal Loan
• Moneyback Bank Personal Loan

The disadvantages of fixed rate loans are that you will pay quite a bit of money in interest repayments over the term of your loan and that if you wanted to pay off your loan early, you could face additional early repayment charges.

Flexible personal loans

Flexible personal loans are a good source of credit if you want to be able to choose how much you payback each month. if you know that your cashflow is going to be erratic over the next few months and that you wouldnt be able to afford to fixed monthly sum offerd by a fixed rate loan then you may appreciated the flexibility offered.

Flexible loans are slightly more expensive then fixed rte loans however they do mean that if you come into some money you can pay off your loan debts early and therefore avoid paying additional interest charges.