Where to get the best deals or the perfect personal loan
Different people need different types of loans, but with stacks of lenders to choose from you can be sure of finding the loan that's right for you. The best loans have low interest rates and include key features such as payment holidays or deferred start dates.
No two people need the same financial products, but the best loans have one thing in common: they're the right loan for your particular requirements. But what does that mean in practice? For starters, it means you should look for the lowest possible interest rate; that way, you won't be paying through the nose for the privilege of borrowing.
Other features can be useful, too. The best loans on the market include some form of flexibility, so for example you can take three-month payment holidays when you're short of cash or defer the first payment until 90 days after you've got the cash. Other loans – such as Cahoot's flexible loan – are even more flexible, and operate like a virtual credit card where you can borrow as little or as much as you want, whenever you need it. You might also want to pay extra when you're loaded and less when you're broke; again, this is a feature of many loans.
There's more to shopping for the best loans than simply looking for the lowest APR: if flexibility is important to you, it might be worth taking a slightly more expensive loan than one that's cheap as chips but that doesn't have the flexibility you need.
loans.org.uk 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.
If you can't find what you want on loans.org.uk, be sure to check our loans homepage.