Personal Loan Details
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| RateSetter Personal Loan | |
|---|---|
| Typical APR | 6.40% |
| Amount | £5000 |
| Loan term | 5 Years |
| Monthly repayment | £97.38 |
| Total repayable | £5,843 |
| Maximum term available | 2 years |
| Early repayment penalties | None |
| Additional features | No early redemption penalty |
| Notes | |
| Variable Rate loan. To borrow with RateSetter you need to be 24 years old with a good credit history and a regular income. Instead of borrowing from a bank, with RateSetter you borrow directly from other people. RateSetter charges you a £5 fee upfront for arranging the loan. You pay this £5 fee every time you rollover your loan (so every month). The Credit Rate Fee and RateSetter fee are included in your APR and added to your loan. Refer to provider for more details and terms and conditions. | |
