Personal loans
Personal loans can typically be used for any purpose with amounts available between £1,000 and £25,000 and repayment periods between 1 and 5 years.
Why a personal loan?
A personal loan, depending on your circumstances, can make sense to pay off credit card or store card balances because they typically have a much lower interest rate and by spreading the repayments over a period of time, the monthly amounts can be more manageable.
Lenders
There are a wide range of lenders offering personal loans, including:
Alliance and Leicester
Halifax
HSBC
LLoyds TSB
There are also many sites offering a loan search and comparision services which can be a great starting point if you are looking for a loan.
Financial Advice
If you are unsure whether a personal loan is right for you, then it makes good sense to seek Independant Financial Advice.
