Moneynet offers a comprehensive selection of the best UK personal loans including secured loans and unsecured loans. For each personal loan provider, moneynet shows the typical APR (interest rate), number of repayments, total repayment amount for the loan and any early redemption penalties.
Example based on £7,500 unsecured loan over 60 months (5 years)
Abbey personal loan Details
Lender:
Abbey
Typical APR:
7.9 %
Amount:
£ 7,500
No. of monthly repayments:
60 months
Monthly Repayment:
£ 150.74
Total Repayable:
£ 9044.39
Max Term:
8 Years
Early Repayment Penalties:
30 days
Additional Features:
Internet applications only
Notes:
Applicant must be a UK resident aged over 18 with a regular income and show that previous financial commitments have been managed without any problems. No set up fees or deposit required. Applications subject to status. Rates shown only apply to online applications made by existing Abbey customers. Non customers need to apply by telephone. Rate offered will depend on credit assessment procedures and your personal circumstances. Optional payment protection. Rate fixed for term. For early repayment of the loan the redemption penalty for loans with a term of more than 12 months is 30 days interest. The amount to be charged is calculated on the day the request to redeem the loan is received, but the customer can defer the actual payment for up to 28 days. For loans with a term of less than 12 months there is no redemption penalty.