R Lee
Member
Registered: 15th Aug 03
User status: Offline
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Hello,
I'm looking for a big loan to do some house stuff and other general bits and bobs.
£20,000 over 5 years sounds reasonable for me.
I've been on Natwest online, £518.76 5yrs £20,000 8.4% £31,125.60
Is that ok?
Money supermarket came up with this, 7.5%
£398.42 £3,905 £23,905 Details
Key benefits: MONEYSUPERMARKET EXCLUSIVE - Lowest homeowner loan rate in the UK. For loans £10,000 - £100,000.
Info: HOMEOWNER LOAN. An early settlement charge may apply. Typical APR 11.4%.
I'm crap at this so i don't understand which is good or not? 
Lower the APR, is better, right?
Obviously, there is a credit crunch thingymebob going on at the moment, and its affecting lots of stuff.
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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the lower the apr the better but the apr you will be given on the front screen of a banks website will be there typical apr which is the average, your apr will change depending on your credit file. Although if they have taken all your details then given you the apr thats what apr you will be given to start off with. The natwest price seems about right.
just remember if its secured on your property you cant aford to fuck up lol
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John_C
Member
Registered: 5th Mar 03
Location: South east, Bromley
User status: Offline
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these are secured on your house as a 2nd charge and will repossess your house if payment is missed. I would get an unsecured one or re mortgage the house and get a rate of around 6%
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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these loans are worse than aids !
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R Lee
Member
Registered: 15th Aug 03
User status: Offline
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I've decided I can't be arsed anymore.
Seems like too much hard work and headache.
Don't even need this work doing anyway 
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