Get all your quotes in seconds with a loan comparison service
Getting loans quotes can be a confusing and time-consuming process, but you can get a good idea of what each lender charges by using a loan comparison service such as This Is Money (www.thisismoney.co.uk). Based on each lenders' typical APR, the site can show you the total cost of borrowing.
Getting loans quotes takes forever, so why not get someone else to do the hard work for you? This Is Money (www.thisismoney.co.uk) has an excellent loan comparison service that doesn't just tell you the interest rate, but actually works out the monthly repayments and the total cost of borrowing.
When you use This Is Money to compare loans quotes it lists lenders in order, from cheapest to the most expensive. Next to each lender the site tells you how much the monthly repayments will be for your chosen sum, how much the credit will cost you, and how much you'll repay in total. It's a useful tool: to borrow £10,000 over 5 years from Northern Rock you'll pay £192.77 per month; borrow the same sum from the Woolwich and you'll pay £209.91.
One thing to bear in mind when you use This Is Money to get your loans quotes is that the figures are based on the lenders' typical APRs, which aren't available to everyone; you might find that the rate you're offered is higher than the typical amount. However it's still worth using the This Is Money site to do the legwork before you complete any online application forms.
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.