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Can anyone do any better than 6.9% APR on a personal loan?

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  • 16-06-2008 6:47pm
    #1
    Vorsprung
    Registered Users Posts: 2,815 ✭✭✭


    I'm thinking of taking a personal loan over the next few weeks, I'm looking at Tesco loans because of their low and fixed interest rate.

    Are there any other better rates out there?


Comments

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    #2
    Colonel Sanders
    Closed Accounts Posts: 7,669 ✭✭✭Colonel Sanders


    try here. Checking rates on loans/savings accounts is about all its good for these days!


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    #3
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Tesco if you want a cheap loan with zero customer service. Ulster Bank provide loans on behalf of Tesco and it hasn't been unknown for Ulster to take their time. At the moment BOI have a number of fixed rate loan priced at 7.9% and you'd have a decision back in 24 hours.


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    #4
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    First Active have the next best rates after Tesco - but the good thing about Tesco is that if you decide to pay off the loan early - they don't penalise you. Most - if not all - the other lenders will charge you if you do that.


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    #5
    The Rooster
    Registered Users Posts: 4,508 ✭✭✭The Rooster


    Ogham wrote: »
    First Active have the next best rates after Tesco - but the good thing about Tesco is that if you decide to pay off the loan early - they don't penalise you. Most - if not all - the other lenders will charge you if you do that.

    Lenders will only charge for paying off fixed interest rate loans. They should not charge you for paying off variable rate loans.


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    #6
    Lizzykins
    Closed Accounts Posts: 637 ✭✭✭Lizzykins


    It's swings and roundabouts I think. Do you want a quick decision, or if you have a great deal of patience and are willing to go through a bit of hassle, then go for the cheaper option. Depends on yourself.


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    #7
    Vorsprung
    Registered Users Posts: 2,815 ✭✭✭Vorsprung


    Cheers for all the replies lads, I have another week or 2 before I have to sign on any dotted lines, but I'll keep in mind all of your advice.


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