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Easy Loans

Describing themselves as "the UK's leading finance brokers", Easy Loans offer homeowners loans from £3,000 to £1,000,000 at interest rates ranging from 7.7%. However, the rates you get are likely to be higher: the example on the Easy Loans site suggests that a loan of £10,000 attracts a variable APR of 10.9%.

About Easy Loans

On the face of it, Easy Loans has a simple proposition: if you're a homeowner, you can borrow up to £1 million at an interest rate of just 7.7%. However, on closer investigation you'll see that the quoted rate only applies if you're borrowing more than £25,000.

The rates at Easy Loans aren't bad, but they're not brilliant. Loans under £10,000 attract an APR of 10.7%; under £15,000, 9.5%; and under £25,000, 8.4%. All those rates are variable, so if the base rate goes up you could be in for a nasty surprise.

There's nothing particularly wrong with Easy Loans, but unless you're a problem case you'll almost certainly be able to get a better deal from one of the supermarket banks or online banks. Even the high street banks offer better deals: for example, Abbey National's homeowner loans have APRs of 5.1% and 5.2% while Sainsburys 6.9% APR is fixed for the term of the loan. 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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