Price comparison website uSwitch.com has claimed that attractive loan offers are still available despite the impact of the credit crunch. The news comes at a time when several lenders have moved to axe their most attractive products to safeguard themselves against the volatile markets, with uSwitch claiming the last 28 days has seen the number of loans available fall from 56 to 52. Furthermore, several lenders have increased interest rates on their unsecured personal loan deals, with Bradford and Bingley and Lloyds TSB both upping rates by one per cent.
Despite this, the website claims good deals are still available. The company’s personal finance manager Louise Bond said, ‘In the summer months we kissed goodbye to sub-seven per cent APR loans when the remaining six providers dropped out of this bracket but the sub-eight per cent offering is still prominent. Overall, the loan market is vast but there are still some good deals out there so consumers should still shop around’. It was revealed that yourpersonalloan.co.uk is offering the best rate on a £10,000 at present with a rate of 7.60 per cent over five years.
Good Loan Deals Still Available, Claim Price Comparison Website
Good Loan Deals Still Available, Claim Price Comparison Website
Wed, 08 Oct 2008
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