Moneysupermarket.com is offering consumers an exclusive secured loan with a rate of 7.5 per cent.
Tim Moss, head of loans at the price comparison website, stated that personal loans are becoming increasingly difficult to obtain, a secured loan could be a good alternative.
He said: "For those people with a healthy income, plenty of equity in their home and, perhaps, only one or two blips on their credit record, a secured loan can be a good option."
A secured loan could give people the chance to borrow more at a lower rate, he added.
The Platinum Loans' deal is provider to Moneysupermarket.com by Central Capital, Mr Moss stated.
Yesterday, M&S Money announced it is offering a personal loan with a cashback incentive.
According to the lender, borrowers will receive 25 per cent of their interest back after they make the final payment on personal loans with a term of 36 months or longer.
Moneysupermarket.com launches secured loan
Moneysupermarket.com launches secured loan
Thu, 11 Sep 2008
Recommended links
Cheap personal loansGet a personal loans quote
Search for a personal loan
Secured personal loans guide
Credit reports
Dealing with creditors
Compare personal loan deals
Pink Enjoy Record January for Secured Loans
UK Secured Loan Market to Hit GBP10bn by 2011
Loan Interest Rate Insurance Launched
| Personal loans news |
|---|
| Majority of first-time buyers unable to get a personal loan - Mon, 04 Apr 2011 |
| Reduce loans by paying off credit card debt with biggest interest rate first - Tue, 29 Mar 2011 |
| First-time buyers to get 20 per cent deposit loans - Thu, 24 Mar 2011 |
| More News |
Paying Too Much?
7 out of 10 people are paying too much for their mortgage. To find out if you're one of them click here or fill out a FREE no obligation enquiry form