Bez_SXi
Member
Registered: 24th Sep 05
Location: West Mids
User status: Offline
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Currently trying to get a loan for a car. Went on moneysupermarket.com and Barclays came out at the best interest rate (6.8%). I applied for the loan and got accepted... great, I thought. They instructed me to call them to confirm the loan so I did so, only for the woman on the the other end of the phone to tell me that the interest rate was 23.9%  . So obviously I wont be taking that out! Tried HSBC who I bank with, and it was 17.9%... still high!
Just wondered what other peoples interest rates were? I guess the rate depends on your own circumstances though?
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dan_c4rsa
Member
Registered: 12th Dec 06
Location: North Yorks Drives: MK3 Seat Cupra
User status: Offline
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dont get a variable rate. in the news rates are going to sky rocket on loans.
example - 9% to about 15% apr
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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I just got one with GE Money with a rate of 6.9% 
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csweatherston
Member
Registered: 16th Jan 06
Location: Devon
User status: Offline
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ive got a fixed rate with hsbc from about 3 years ago...
9.6% iirc
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Bez_SXi
Member
Registered: 24th Sep 05
Location: West Mids
User status: Offline
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Thanks for the advice Dan I'll remember that
Sounds like GE money could be worth a shot!
Need the loan as I want to buy a Pug 206 Grand Tourisme!
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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i just get my bank to sort out loans etc.
May pay a little extra but i dont mind paying for the very good service they give me
Im with the RBS
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Cyril
Member
Registered: 2nd Nov 06
Location: yorkshire
User status: Offline
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quote:
Originally posted by a_j_mair
i just get my bank to sort out loans etc.
May pay a little extra but i dont mind paying for the very good service they give me
Im with the RBS
thatsa what i did some reason feel safer doing it through my bank.
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Bez_SXi
Member
Registered: 24th Sep 05
Location: West Mids
User status: Offline
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quote:
Originally posted by Ian_Gsi16v
I just got one with GE Money with a rate of 6.9%
Just went on their website and it says they no longer offer unsecured personal loans.
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joes_1.4_16v_sport
Member
Registered: 15th Mar 07
Location: Preston, LANCS
User status: Offline
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8.2 /8.3 iirc with northern rock. Fixed too.
£3k over 3 yrs...
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johnhara1
Member
Registered: 19th Oct 06
Location: Newcastle upon Tyne
User status: Offline
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I had no credit so the only place that would accept me was my bank, Barclays.
It was 12.9% on £5000 over 3yrs.
That paid my £1000 overdraft off, Paid for my XE Corsa, Paid 1yrs Insurance and My spending money for a trip to florida.
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sxibeast
Member
Registered: 6th Aug 03
Location: Milton Keynes
User status: Offline
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Alliance and Leicester are pretty good for loans iirc
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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My mate got a loan for his car, then insured it TPFT and wrapped it up 
He's still payin the loan off for his scrapped car
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Dione J
Member
Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
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johnhara1
Member
Registered: 19th Oct 06
Location: Newcastle upon Tyne
User status: Offline
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quote:
Originally posted by sxibeast
Alliance and Leicester are pretty good for loans iirc
Yep they are, but because i didnt have any credit they wouldnt give me an un-secured loan.
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SetH
Member
Registered: 15th Jul 01
User status: Offline
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I would never take out a big loan to buy a car again.
say you borrow 10k to buy a 10k car. Lets say for arguments sake you would end up paying 14k back including the interest.
Time you have paid the loan off you car is worth 4k.
so you buy the most rapidly deprciating possesion anyone can (A car).
with a big loan with high interest rate.
hmmm really makes sense
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SXI_SAM
Member
Registered: 16th Sep 05
Location: Burton-on-Trent, Staffs
User status: Offline
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Nationwide
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TheCam
Member
Registered: 16th Mar 07
Location: Kirkcaldy
User status: Offline
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i found the bank were the best interest rate for me.
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Bez_SXi
Member
Registered: 24th Sep 05
Location: West Mids
User status: Offline
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quote:
Originally posted by SetH
I would never take out a big loan to buy a car again.
say you borrow 10k to buy a 10k car. Lets say for arguments sake you would end up paying 14k back including the interest.
Time you have paid the loan off you car is worth 4k.
so you buy the most rapidly deprciating possesion anyone can (A car).
with a big loan with high interest rate.
hmmm really makes sense
Right enough, but I don't have much choice sadly.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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I bought my 10k car on 0% finance, only way I'd ever go for finance (other than a mortgage or whatever).
Personally, I'd prefer to save up for it....
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Not many places offer 0% finance!
A loans not a bad thing, so long as you have the means to pay it off. Hell you cant take it with you can you 
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Should have added that it was through Vauxhall on a brand new car......you'd never get 0% otherwise....
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Gg_mf
Member
Registered: 10th Oct 05
Location: Brighouse
User status: Offline
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We have just gone with First Direct for our personal loan, we are borrowing 11K over 4 years and it works out at £276 per month and the apr is 9.9% . I dont think thats too bad, we bank with fd so i prefer to do it all through them.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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My Nan
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Gg_mf
We have just gone with First Direct for our personal loan, we are borrowing 11K over 4 years and it works out at £276 per month and the apr is 9.9% . I dont think thats too bad, we bank with fd so i prefer to do it all through them.
Thats quite high  You should be able to get at least 7% APR on a loan of that amount......less if your doing well!!
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Gg_mf
Member
Registered: 10th Oct 05
Location: Brighouse
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by Gg_mf
We have just gone with First Direct for our personal loan, we are borrowing 11K over 4 years and it works out at £276 per month and the apr is 9.9% . I dont think thats too bad, we bank with fd so i prefer to do it all through them.
Thats quite high You should be able to get at least 7% APR on a loan of that amount......less if your doing well!!
I did a quote with Moneysupermarket and they all came back at 6.9& but then when u actually apply its not that rate at all.
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