Best Personal Loan Rates for Excellent Credit

Currently, First Direct offers an interest of 3.6% on mid-sized credits that are repaid over a period of one to seven years, but the business is reserved for first account owners. If your primary checking accounts are with Nationalwide, you can also take credit at 3.6%.

6 per cent in this area, but only for a short period of one to three years. When you need between four and five years, the rates rise to 3.7%. Are here the best purchases using the example of £10,000 over five years lending. And the smallest loan offered between 5,000 and 7,499 is also the most costly, although interest rates have now dropped below 5%.

These are the best purchases of 5,000 that have been paid back over five years. The Zopa peer-to-peer website is the No strings leading player here with a quota of 3.7%. Alternatively, there is First Direct, but you need to be a First Account client in order to have a shot at his 3rd account.

6 percent loan. Apart from that, the bankroll is one of the best in regards to client support and also provides a 100 pound entry discount. Below are the best rates you can find on a loan of 17,500, taken out over a five year period. Sainsbury's Bank is the only bank to provide over 25,000 of personal credit to both new and current clients.

Sainsbury's Bank Standard Loan is available on borrowings between 25,001 and 35,000 at an interest of 6.9% per annum if taken out over two to five years. The ones with a nectar map can get at a lower APR of 6. 8% if they are willing to lend over two to three years.

There is no other personal loan company offering over £25,000 of credit except Barclays. At Barclays we offer personal credit up to 50,000, but only to those who have a checking account, saving accounts, Barclaycard or mortgages. It has a prestigious annual interest rate of 6.9% on borrowings ranging from £15,100 to £25,000 and 7.

9 per cent on a loan from £25,100 to £50,000. Every loan in the above table offers competitive interest rates, but not everyone will get credit at these rates. Only 51% of winning bidders are required by creditors to provide their best terms. However, if you have never lent before, or come too slow with refunds, you may not get the best deal.

It is also possible that you can rent even cheaper. When you have an excellent credit standing, you may be able to get a 0% new buy credit line. Santander 123 credit cards are the leading, but charge an £24 per year charge, while the present free credit cards are Halifax Buy credit cards, Clydesdale Bank Gold MasterCard and Yorkshire Bank Gold MasterCard.

Keep in mind that you can be given a fairly low line of credit - if you are given only 2,000, you can opt for a personal loan where you can use more. You need to lend something? Whichever type of loan you choose, first ask yourself whether you actually need to lend the cash.

If you pay a super-low interest you will still give up cash on interest you will never see again. But, if you are resolved to lend, a personal loan may be the best choice for you.