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)
Royal Bank of Scotland personal loan Details
Lender:
Royal Bank of Scotland
Typical APR:
10.9 %
Amount:
£ 7,500
No. of monthly repayments:
60 months
Monthly Repayment:
£ 160.80
Total Repayable:
£ 9647.89
Max Term:
7 Years
Early Repayment Penalties:
58 days
Additional Features:
Agreement in principle within minutes
Notes:
Applicants must be over 18 (over 22 for non RBS customers) and a UK resident. Minimum loan is £1,000 for existing RBS account holder but £2,000 for non-customers. Optional payment protection insurance. Maximum term is 5 years for loans less than £15,000, 7 years for loans over £15,000 and 10 years for loans over £2,500 providing the loan is for home improvements. Rate fixed for term. Redemption penalty is 1 month’s interest plus a further 28 days.