Northern Rock Loans
Northern Rock loans are available in both secured and unsecured forms, with a typical APR of just 6.7% for unsecured loans and 6.1% for secured loans. Both rates are variable. Northern Rock loans can be taken out over longer terms than most lenders: up to 10 years for unsecured loans and 25 years for secured loans.
About Northern Rock Loans
If you're planning to borrow over a fairly long period of time, Northern Rock loans are worth a look. Unlike most lenders, which restrict loan periods to five or seven years, the firm will lend over a ten year period for personal loans and up to 25 years for homeowners.
APRs are reasonable – especially in the case of personal loans, which have a typical APR of 6.7%, fixed for the term of the loan – but the rates for secured loans are flexible and range from 6.1% APR to 11.4% APR. Northern Rock promises that the quoted APRs will be offered to most customers borrowing more than £3,000, although the rate you get will depend on your credit rating and the amount you borrow.
Northern Rock loans can be from £1,000 to £25,000 for unsecured loans, or from £3,000 to £30,000 for secured loans. There's a full application form on the site but if you're in a hurry the much shorter "quick quote" form gives you an indication of the cost of your loan in a few seconds.
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