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Cheapest Unsecured Loans

Don't like interest payments? Borrow a lot and pay it back quickly.

If you want the cheapest unsecured loans, borrow a lot of money, pay it back quickly and don't take out payment protection insurance. That way you'll benefit from the lowest available APRs, and you won't be accumulating interest over a long period of time.

The more you borrow the cheaper it gets, so if you're looking for the cheapest unsecured loans available then you'll get a lower APR if you borrow more than £5,000 than if you borrow £2,000. However, the duration of the loan period is important too: the longer the term of your loan, the more interest will accumulate and the more your loan will cost.
Another way to get the cheapest unsecured loans – other than shopping around for the best APRs, of course – is to go without payment protection insurance. This adds a significant amount to the cost of your loan and if you're willing to live without it, your payments will be dramatically lower – although it does mean that if you get into trouble before the end of the loan period, you'll still have to find ways to meet the remaining repayments.
The cheapest personal loans are on the Internet, where even high street banks offer special deals for online applicants. It's worth checking out Internet-only operations such as too, as these firms can often offer rates that are much lower than those of their competitors. helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.

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