Interest rate

Interest rate

Interest rate - perhaps one of the most important ingredients in a loan. The interest rate is one of the factors, along with the loan amount and the repayment term, that decides how much the monthly repayments will be.

Cost of credit

When you are trying to calculate the cost of your loan, don't be put off or confused by what different loan companies are offering you.

Whether you are a home owner or a non homeowners (private tennant, council tenant, living with parents), look at the APR to help you compare loan rates. The APR will also help you compare loan rates if you have adverse credit problems. Low APR rate is better than a high APR rate.

APR - Annual percentage rate

APR stands for Annual Percentage Rate. It is designed to provide you with a tool to compare loan rates from different lenders easily. It is an indication of the true cost of borrowing because within it's calculation it includes the rate of interest as well as any other costs e.g. set up fees.

Your loan quotes will include an APR rate, you can use this as an indication of the true cost of borrowing each loan. You can then compare rates with other loans you are looking at.

Compare Interest rates

Compare interest rates is something that all borrowers do when they are shopping around loans companies for their secured or unsecured loans. Whenever you borrow money it is important to compare loan rates because different lenders will offer different loan rates.

There are so many options available that it can become difficult to keep track of who has offered you which loan rate and which one you thought was best.

Use this site to get quotes and compare all the APR interest rates you are given.

Get a NO OBLIGATION Quote

Click on the "Apply Now" button above and a short online enquiry form will open. Sending your free interest rate enquiry takes just a few seconds and should give you access to low interest rate loans quotes.

You should not have to wait long for fast decision in principle.

A lending company's decision in principle is usually a guarantee that as long as the details you provide are accurate and don't change you should have your loan approved at the interest rate offered.