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Chase Bank, bank loans for people with bad credit.#Bank #loans #for #people #with #bad #credit


Chase Bank — Personal Loans for Bad Credit (2 Options)

Bank loans for people with bad credit

Chase Bank is one of the most respected financial institutions in the country. Unfortunately, Chase doesn’t grant personal loans, even if you have impeccable credit. However, we have two options that are perfect for loans up to $35,000, even if your credit score is less than perfect.

Both offer signature loans, which are unsecured online loans that are designed to help with short-term financial assistance. These loans are not meant to operate as long-term financial solutions.

BadCredit.Loans.com & PersonalLoans.com — Get up to $35K

BadCreditLoans.com and PersonalLoans.com each match lenders and borrowers for loans, ranging from $1,000 to $35,000. The process is simple and convenient.

BadCreditLoans.com

Bank loans for people with bad credit

PersonalLoans.com

Bank loans for people with bad credit

First, you fill out an online loan request form that is secured by advanced encryption technology. You’ll enter basic personal information, including data about your income and banking. The form will allow you to indicate how much you’d like to borrow, your credit type (excellent, good, fair, or poor) and the reason for the loan.

You’ll be Matched with a Lender Based on Your Application

Based on the information you enter, BadCreditLoans.com and PersonalLoans.com will match you with a lender in its network that can work for you.

Your APR and loan amount will depend on several factors, including:

  • The lender
  • The state you reside in (not all types of loans are available in all states)
  • Your age and ability to provide a Social Security number
  • Your income
  • Having a valid checking account
  • Your credit type

If the lender approves your loan, you’ll be directed to the lender’s website, where you will be able to look over the loan agreement. The agreement makes clear all the terms and conditions, including repayment terms and time-frame.

Once Approved, You’ll Receive Funds Within One to Five Days

After you agree to the loan, the funds will be sent directly to your bank account within one to five days. Repayments are made directly from your bank account at the agreed intervals.

By monitoring your bank account, you can ensure that you do not trigger bank overdraft fees or late fees.

Repayment Schedule, Interest Rates, and Loan Terms Vary

The repayment schedule is usually every month or every two weeks. Interest rates and loan terms will vary. Other fees may also apply. Your lender should provide you with details about your loan, including the APR, term, fees, penalties and repayment terms before you agree to a loan — you should review this information carefully before agreeing to a loan.

The following are personal loan examples from PersonalLoans.com. You are not obligated to accept a loan offer, and should always shop around for the best rates.

Personal loans are difficult to obtain when you have a bad credit rating. Luckily, there are sites like BadCreditLoans.com and PersonalLoans.com that can arrange loans even if your credit rating is less than perfect.

Bank loans for people with bad credit

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Editorial Note: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Every reasonable effort has been made to maintain accurate information, however all credit card information is presented without warranty. After you click on an offer you will be directed to the credit card issuer s web site where you can review the terms and conditions for your offer.


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Choice Home Loans – Mortgage Broker Specialists, home loans calculator.#Home #loans #calculator


Choice Home Loans

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Introducing realestate.com.au Home Loans

Introducing realestate.com.au Home Loans

As at 28th of September, Choice Home Loans will be transitioning into a new brand called realestate.com.au Home Loans. This is an exciting new offer which will help Australians to access the help and experience of a mortgage broker through the digital channles they’re already using to find their new home.

The Choice Home Loans brand and many of their brokers will either be transitioning to the realestate.com.au Home Loans brand or their own brand over the next few months. We’ve indicated the brokers who will be operating under realestate.com.au Home Loans by adding the logo on their profile picture and pages.

So while your brokers brand will change, the great service and expertise you’ve come to expect from them won’t. Contact your broker for more information.

Better advice through better listening

Choice Home Loans has a reputation for excellent service and a commitment to providing better advice through better listening. We have over 150 mortgage brokers around Australia, who will offer you tailored advice to find you the right loan solution for your needs.

Your Choice Home Loans broker comes to you, free of charge, and works with you through all aspects of your home loan application, right through to being handed the keys.

With a Choice Home Loans broker, you’ll have:

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Local experts

With brokers all across Australia, you can be confident there is a professional near you with in-depth knowledge of your local area.

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We believe in the power of advice to help you both now and into the future as your circumstances and needs change.

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Greater choice

Financial solutions aren t one-size-fits all, and our extensive range of lenders and products ensures we have the right solution for each individual.


How to Find Low Interest Rate Student Loans, SimpleTuition, low cost loans.#Low #cost #loans


Low-Interest Student Loans

Low cost loansMany families look for low-interest student loans. These are the loan products that will allow students to get the education they ll need in order to compete in the workforce, but loans like this won t come with the high price tags that can keep some families out of the loan market altogether.

Examples of Federal Low-Rate Student Loans

The lowest student loan rates come with products that have been developed and released by the U.S. Department of Education. These federally funded loans are designed to help all American students attend school, even if their families find it difficult or impossible to pick up the tab for tuition and supplies. There are two types of loans that the Department offers that are traditionally considered low-interest products: Direct Subsidized Loans and Perkins Loans. Direct Subsidized Loans are designed for undergraduate students who are attending a reputable school at least half-time. These students must demonstrate their inability to cover the cost of school, and they must meet specific eligibility requirements concerning citizenship and criminal background, but these loans provide benefits that could make the hassle of the application process more than worthwhile. In 2017-2018, Direct Subsidized Loans come with a 4.45% interest rate, according to the U.S. Department of Education, which is much lower than the rate used in the private marketplace. In addition to the low rate, students who get loans like this aren t responsible for interest payments during their time in school. Governmental sources cover those costs. That could help students to save a significant amount of money during the life of the loan.

Typically, when students obtain a loan, they defer their interest payments while they re in school. This allows them to focus on their education and their courses, rather than getting jobs and paying bills, but all of those interest bills pile up during the time in which students are in school. When these students graduate, some companies wrap the interest owed into the principal amount the student owes, and that bigger amount is used as the base the interest fees are applied to. It s a bit like paying fees on top of fees, and it can make a loan immensely expensive. Direct Subsidized Loans just don t work this way.

Perkins Loans are also considered low-interest loans, as these products also cover a student s interest fees while that student is in college. These loans also come with a low overall rate of 5%. But these loans are somewhat difficult to get, as students who want these loans must demonstrate:

  • Exceptional financial need
  • Enrollment in a participating school
  • At least part-time enrollment
  • Low levels of prior borrowing, as there are caps on the amount a student can borrow

In addition, some facilities that want to participate in the Perkins Loan program are unable to do so. For example, news reports indicates that Delaware State University lost the ability to issue new Perkins Loans because too many prior students had defaulted on these loans. Restrictions like this could mean some students can t get Perkins Loans, because their schools can t accept the funding.

Low cost loans

Private Student Loans With Low Interest

Few private loans come with the same kind of perks seen in the federal marketplace. It s rare to see private loan officers cover interest payments, for example. Lenders might also be a little less willing to work on unusual payment programs for students in financial distress. It s just not the sort of thing a private bank can do and still stay in business. But there are some private lenders who do offer loan products with attractive and low interest rates.

Products like this are designed for students who have excellent credit scores and/or a cosigner who has a great credit score. These students are considered ideal borrowers, as it s unlikely that they ll walk away from their responsibilities without paying.

The banks tend to reward this behavior, and compete for the business these students can offer, by offering competitive loans with low rates. Students that don t have excellent credit scores, and who don t have relatives who might be willing to share their excellent credit scores, might not be eligible for these low-rate loans. The banks consider loans to people like this a little risky, as it might be easy for a person to just walk away from the loan without paying. It might also be hard for people of low income levels to pay their loans back, even though they might want to do so. Banks must account for these risks, and they do so by increasing the interest rate.

Things to Watch For

Low cost loansLow-interest student loans can seem a little too good to be true, and in some cases, a little skepticism is reasonable, as some of these loans come with clauses that could make a low-interest loan a very expensive loan.

For example, students who have federal loans sign up for products with fixed interest rates. This means that the amount of interest charged on these loans shouldn t jump around from day to day or year to year. However, an analysis published by MainStreet suggests that this fixed rate can disappear when students fall behind on their loan payments, and if these students extend the life of the loan by making smaller payments over a longer period of time, they could be spending a significant amount of money. In fact, experts quoted by MainStreet suggest that it s impossible for these students to know how much the loan will actually cost at the end of the repayment program if they fall behind and extend. Students who keep up with their payments may never have to deal with this problem, of course, but it s something that all students should keep in mind when they accept federal loans.

Private loans may not have fixed rates at all, meaning that students might sign up for these loans during a time in which money is relatively easy to get and cheap to borrow, and then when they need to repay those loans, they may see their interest rates climb as the stock market climate changes. Students like this could refinance, of course, but a moving interest rate is the catch involved in some low-interest rate loans.

Some private loans also come with clauses that allow the bank to charge fees if a student pays off the balance of the loan early. These clauses are designed to allow the bank to recoup the entire amount of money owed in interest, and often the interest rate on a loan like this is low enough that a student wouldn t be bothered to pay off the loan early. But it s still a clause students should watch for before they sign.

But many low-rate loans come with no sneaky clauses or catches at all. They re designed to help students pay for school, and that s just what they do. But students can ensure that the overall cost of the loan stays low by:


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PAYDAY LOANS BAD CREDIT NO CHECKS!

Our life is unpredictable and it can change suddenly due to an incident that comes without warning. As a result, we may need extra cash to meet sudden demands. These unexpected events cause a lot of stress and pressure, as they should be handled very quickly. Quite often, we can solve our financial problems normally with the money saved in our checking or savings bank accounts. But in some cases it is impossible to find the money on time. Here the fast payday loans come into play!

Fast cash in seconds

Usually these easy loans are offered for emergency needs, so it is very easy to acquire these finances because you may be approved in fifteen minutes. Yes, it is true. With payday loans same day payout, you may get your funds within a few hours. After submitting your online application, you will get the funds direct to your bank account and solve the emergency problem.

Easy borrowing

The application process involves providing confidential information (such as your name, address, employment history, contact number, etc.). Besides being 18 years old you must have a decent monthly salary so that your direct lender can count on you for the timely disbursement of funds. Of course, to receive funds from the loan company, you must have a checking or saving bank account that is used to accept funds. Later the same account will be used to withdraw the loan amount. Thus, a verified bank account is a necessity if you want to get the payday loans without vising the direct lender personally.

Applying for payday loans you can get $100, $300, $500 or even $1,000 dollars. But, if we look at traditional loans, they are too complex to deal with. For example, it requires a lot of time to complete applications for these loans. You must wait for weeks to get approved and provide more than just basic information. Thus, payday loans low fees are more beneficial in every way.

Direct loans lenders that help!

The interest rate is something that can be compared as you try to find a better direct loan lender. Many online lenders offer lower than average rates of facing a competitive market. The good thing about finding a reliable direct lender is that once you found one, getting quick cash for a financial emergency will be even easier and faster. So take the time to find the best payday lender. Actually, it may be useful to make a list when you have free time and before you are in the middle of financial crisis. Just to be safe! Take the time to find several loan companies. There are plenty of offers like guaranteed approval payday loans or no credit check loans! You should be very careful selecting them. The truth is that no-one can guarantee your approval and credit check will be performed by the lender even if the emergency occurs.

If you can not repay your loan on time, you should be prepared to pay extra interest. There may be some type of service fees for extending or rolling over a loan, but it always depends on the lender and you need to discuss this aspect in advance. Your interest charge definitely should not change. From term to term, your short term loan should continue to be treated the same, unless you are told in advance. Extra fees are an easy way to an unethical lender to prey on a borrower’s inability to repay the loan as scheduled.

Do not overpay for payday loans

The best payday loans offered to anyone needing quick cash would come from a lender that does not charge excessive fees. With a little time spent digging into the payday lending market, you will be able to find one that takes the extra cost down. These lenders understand that customers are going through a difficult time and they act accordingly. Do your homework to avoid spending money you do not have to spare and avoid those who try to take advantage of your situation.

The most common fee for payday loans is interest or service charges. Because these loans have an average of two weeks in duration, there is no time intended to earn interest. And lenders will charge a fee for the loan to earn profit. The use of third-party funding is not free so do not be alarmed to see the extra cost, it is normal. A good lender would not charge other fees if the money is paid on the agreed due date. There are companies that try to hide application fees in the processing your request. They may charge an average of $ 20-30 from the bank account of each candidate with or without approval status. It can be avoided by looking for a “free application” message on their website or calling and asking questions about fees for applications. Sending a loan application must be free and response must be guaranteed, so if it is not, you should choose another loan provider without hesitation.


Cheap car loans: Guide to getting the best rates – MSE, cheapest car loan.#Cheapest #car #loan


Cheap Personal Car Loans

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Cheapest car loan

Updated May 2017

Cheapest car loan

A personal loan is one of the cheapest ways to buy a car, especially as rates have plummeted in the last few years. But is it the right way to buy a car for you?

This guide looks at the basics of buying a car with a personal loan, including how these loans work and the pros and cons of using one to buy a car. We also reveal the cheapest loan providers.

This is the first incarnation of this guide. Please suggest any changes or ask questions in the cheap car loans discussion.

In this guide.
Not the car finance option you were looking for? Check these out.

What is a personal loan?

If you’re buying a new or used car, you need to borrow, and you want to own the car at the end of the deal, there are two main types of finance you can get.

You can get a hire purchase deal (there’s tonnes of info in the Hire Purchase guide to help you pick the right one) or you can get a personal loan. Indeed the latter tends to be very popular, with many people turning up to dealerships having already arranged finance through their banks – or other high street lenders offering decent interest rates.

An unsecured personal loan is a sum of money you’re lent by a bank or other lender, which you pay back over an agreed period. But lenders don’t offer this money out of the goodness of their hearts. You’ll have to pay interest, as well as paying back the amount you borrowed. Obviously, you want the lowest loan rate possible – so you pay back as little as possible.

A personal loan is unsecured – here’s what that means.

Loans are similar to most other types of car finance in that you pay back an agreed amount each month over the term of the deal.

However, it differs from most other types of car finance in that the loan is unsecured. That is, the car doesn’t act as security for the loan. So, if you can’t pay it back, there’s no automatic right for the lender to take your car off you, which would be the case if you took dealer finance (though they might still seek a court order to do this if you can’t pay what you owe).

What all this means is that you own the car outright as soon as you pay your money and drive off, unlike with finance from the dealer. Sounds good, doesn’t it?

Well, there’s one big disadvantage – because there’s no security, it’s harder to get a personal loan than it is to get other types of car finance. To get one you’ll need a very good credit record and a decent salary.

But, whether you get a personal loan or an HP deal (or any other form of finance), compare the APR – the interest rate you’re offered – to give you the overall cost of the debt. Provided all the deals you’re comparing are over the same number of months or years, the one with the lowest APR is the best deal.

In general though, personal loans are one of the cheapest ways to pay for a car purchase if you don’t have savings.

Cheapest car loan

How does it work when buying a car?

Cheapest car loan

Once you’ve found a car you want to buy, you’ll know the amount you want to borrow. This is based on the price of the car minus any deposit you have in savings.

With a car loan, you borrow a fixed sum, then repay it in fixed monthly payments, usually over a period of one to five years. Rates vary depending on how much you’re borrowing. Borrow a small amount – for example Ј1,500 – and you could pay as much as 8% to 15% interest. If you’re borrowing more – for example Ј15,000 – you could pay as little as 3.4%.

But, before you go ahead thinking that sounds very cheap, there’s a sting in the tail. These rates are what are known as ‘representative’ APRs. This means only 51% of people accepted for that loan need get that rate. The other 49% can, and often do, get given a higher rate.

And, while we have an eligibility calculator to tell you which loans you’re likely to be accepted for, it can’t tell you if you’ll get the headline loan rate (yet).

Say you’re buying a car priced at Ј14,000:

  • You stump up a 10% deposit from your savings of Ј1,400, leaving Ј12,600 left to pay.
  • You’re accepted for a car loan, and borrow Ј12,600 over three years.
  • You get a decent 3.5% APR deal, meaning payments would be Ј369 a month (so Ј13,284 for the three years).
  • You drive away from the dealership in your new car, and start to make your monthly loan repayments.
  • So in total you’d pay Ј14,684.

With loan rates so low, in the above example you’d pay just Ј684 in interest over the life of the loan.

Try to pay some of it with a credit card – it’ll give you protection

If you can, try to pay at least some of the deposit on a credit card. This will give you powerful Section 75 protection, meaning it should be a lot easier to sort out any issues with the car further down the line. This is because the credit card provider is jointly liable with the car dealer should anything go wrong.

What happens at the end of the loan?

Once all the repayments have been made, that’s it. The lender marks the loan as settled on your credit file, and you have nothing left to pay.

Is a personal car loan the right option for me?

Cheapest car loan

There are so many different options when it comes to buying a car, it can be difficult to choose. Here are the main benefits and pitfalls of choosing a personal car loan:

  • It’s simple to arrange and understand.
  • It’s flexible – with terms from 1-5yrs (the longer the term, the more interest you’ll pay).
  • You can use our eligibility calculator before you apply to find out which loans you’re likely be accepted for.
  • You’ll own the car as soon as you’ve transferred the cash to the dealer. This means you’re able to modify it exactly how you want.
  • As you’re a cash buyer, you may be able to haggle the price down during the sale.
  • Unless you can get 0% finance from the dealer, personal loan rates tend to be cheaper than dealer finance.
  • Unless you’ve an excellent or good credit score, you’re unlikely to get any loan.
  • Monthly payments are higher than for some other forms of car finance.
  • You won’t get a manufacturer’s contribution as you won’t be taking their finance.
  • As you own the car outright, you’re responsible for all repairs.
  • The car’s value will depreciate, so it’ll be worth a lot less than you paid when you sell it.

Where can I get a loan?

Cheapest car loan

If you’re looking for a loan, check out the best buy rates below.

Remember, the advertised rate isn’t necessarily the one you’ll be offered. Up to 49% of people accepted for the loan could be given a different – usually higher – interest rate.

The rate you’re offered will depend on your credit score, with the best rates available only to those with a squeaky clean history. See our Credit Scores guides for tips on how to boost yours.

We list loans by ‘bands’ as the rate you could get differs depending on how much you want to borrow. Plus, if you want to check if you’ll get the loan before applying, use our eligibility calculator to see your chances. It tells you your likelihood of being accepted by each lender for a loan, though sadly it can’t (yet) tell you whether you’ll get the advertised rate.


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We will match you with a loan that would suit your requirements. Our specialist finance consultants will strive to get you approved within 24 hours of application.

Premium Car Loans Just a Click Away

If you are looking for cheap car loans or car loans for bad credit, look no further than Centreline Finance. We, at Centreline Finance, take pride to announce that we are one of the leading car loan brokers throughout the Australia. We specialize in offering loan services for different areas such as home loans, car loans, personal loans, truck loans, etc.

Car Loan Brokers You Can Rely On

With several years of experience serving the industry, we have become one stop solution for premium car loan services.

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We offer customized car loan services as per your requirement. Whether it is secured car loans or car loans for bad credits, we have got you covered.

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How To Get A VA Loan With Bad Credit – VA Home Loan, get a loan with bad credit.#Get #a #loan #with #bad #credit


How To Get A VA Loan With Bad Credit

Get a loan with bad creditContrary to popular belief, VA loans for those with bad credit are actually easy to qualify for if 1) you have no outstanding collections, 2) no outstanding judgements, 3) stable income, 4) a median credit score of 620 or higher. This is because VA loans were designed to be a benefit to the borrower.

The VA Home Loan Program was created in 1944 as a thank you for service personnel returning from World War II. This home loan guarantee is designed to make buying a home easy, affordable, and safe.

The easy part of the design is to make the loan accessible to borrowers with less than perfect credit.

One of the main purposes of the program was to cut the common hassles of obtaining a home loan such as good credit, down-payment, closing costs, etc.

Many veterans who have spent time overseas lack positive credit. Others lacked the funds for a down-payment. To change this, the government found that one of the best way to assist veterans after their completed service was to help them get a farm or a home.

Get a loan with bad creditA few changes have occurred over the years, including an increase in the amount veterans may borrow and the ability for active duty to apply to get a VA home loan .

The maximum $0 down loan limit currently varies between $417,000 to over $625,000 depending on what county you plan to buy in.

The VA Loan Program gives lenders the assurance that the loan will be paid for and gives veterans the support needed to obtain a house.

The credit needed to obtain VA loans is determined by a few key factors. The most important of those are satisfactory payment history, and present and/or anticipated income. This means that your income needs to be stable and enough to cover all current bills, give you enough disposable income to meet the VA standards for cost of living plus the additional VA loan mortgage payment.

Stable income is equivalent to 24 months of consistent employment. If the time of employment is less than this, the underwriter will have to evaluate the probability of your future employment. In most areas, the FICO Credit Score must be a least 620.

However, there are VA loans for some borrowers who have no credit score or even a score less than 620. If you are without credit, qualification is determined based on past payment history of rent, car insurance and other regular monthly expenses.

To be deemed a borrower with satisfactory credit a number of factors will be analyzed. Over the past year, you may not have made any late payments. If there are any unpaid or untimely debts, your credit may be deemed unsatisfactory.

Late payments however, will not result in an automatic denial. If you have a special circumstance, this rule can be forgiven. If you have any open collection accounts you may still be considered eligible, as long as there is a timely payment plan in place. If you are participating in a Consumer Credit Counseling program or are in a Chapter 13 bankruptcy, in lieu of negative credit ratings, this actually can be a positive factor. The important thing is that you are currently on a regular, consistent payment schedule, and those payments are being made on time.

In regards to a Chapter 7 bankruptcy, if it has been over two years since the bankruptcy was discharged or forgiven, the bankruptcy will not play a factor in determining satisfactory credit.

As mentioned before, a Chapter 13 does not have to be discharged, and you may still qualify even in Chapter 13 bankruptcy, as long as you repaying your debt as agreed.

Also, it will not count against you if you filed bankruptcy due to circumstances out of your control (such as a medical issue not covered by insurance).

Lastly, it s not a negative factor if bankruptcy was filed due to a failed self-employed business venture if the borrower has regained employment, and there is no derogatory credit information since then or prior to self-employment.

Finally, to ensure acceptable credit, you can t have too many inquiries on your credit report. In doing so, the credit rating drops dramatically. In addition to the low score, multiple credit inquires can look like new credit lines and this can affect your ability to repay the debt. Because of this, multiple credit inquires can cause delays in your loan approval.

The last thing you need to know to get a VA loan, you need to be sure there aren t any savings or checking overdraft fees. If you are a veteran in the market for buying a house, take the time to fill out a VA loan application or call 888-573-4496 to get assistance. The VA home loan centers are here to help you learn all you want to know about the VA loan process.


Home Loans Adelaide – Assured Home Loans for Buyers – Investors, home loans calculator.#Home #loans #calculator


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  • Cheapest personal loan rates, cheapest loan rates.#Cheapest #loan #rates


    Cheapest personal loan rates

    Cheapest loan rates

    Cheapest loan rates

    1:07PM GMT 19 Jan 2016

    The best loan rates have dropped from 7.5pc to just 3.3pc in the past two years, as competition in the sector pushed rates to an all-time low.

    Rates have slightly fallen since earlier on in the year, with competitive deals on offer from multiple banks.

    Below, we have compiled the best deals. Applicants should bear in mind that they will not always get the rate advertised. They may even be rejected by the best deal but accepted for one of the others, although remember that each application leaves a mark on your credit file.

    In fact, up to 90pc of applicants are being turned down for the best deals because of their credit score. Lenders frequently offer borrowers a much higher rate than the one advertised or simply turn them away altogether.

    The best rates on offer are typically for loans between £7,500 and £15,000. Borrow below or above these figures, and the rate can often rise above 10pc.

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    Bookmark this page – updated regularly – to keep up with the latest personal loans deals

    Cheapest personal loans:

    1. Sainsbury s Bank offer the joint lowest rate on the market, at 3.3pc on loans between £7,500 and £15,000. Those who do not have a nectar card will pay 3.4pc.

    At this rate, the loan can be paid back over a period of two or three years.

    Borrowing £14,000 over three years will cost £408.69 per month in repayments, and £712.77 in interest over the life of the loan.

    Customers can repay the money from between one and seven years.

    Borrowing £10,000 over three years will cost £291.92 in monthly repayments. Over the entire life of the loan, it will cost £509.12 in interest.

    3. HSBC is another company who offer the 3.3pc rate on loans between £7,500 and £15,000.

    The loan can be repaid over five years.

    Borrowing £13,000 over three years will cost £379.50 a month and a total of £661.86 in interest.

    4. Clydesdale Bank offers a rate of 3.4pc, on loans between £7,500 and £15,000. Customers can repay the money from between one and seven years, with a five year limit for some loan amounts.

    The same rates are available at Yorkshire Bank, the northern England based division of Clydesdale.

    At both banks, borrowing £12,500 over four years will cost £278.61 in monthly repayments. Over the entire life of the loan, it will cost £873.12 in interest.

    5. Nationwide is offering a rate of 3.4pc on its personal loans between £7,500 and £14,999 over one to five years.

    The lowest loan rates are only available to Nationwide s main current account customers.

    Borrowing £9,000 over two years will cost £388.22 in month payments. Over the entire life of the loan, it will cost £317.24 in interest.

    6. First Direct offer the next lowest rate on the market, at 3.6pc, and on borrowing between £7,000 and £25,000. The loan is only available to 1st Account current account customers.

    Customers can repay the money from between one and seven years.

    Borrowing £22,000 over six years will cost £340 in monthly repayments. Over the entire life of the loan, it will cost £2,494 in interest.

    7. Tesco Bank offers a 3.6pc rate on loans between £7,500 and £15,000 for Clubcard holders. Customers can repay the money from between one and eight years.

    Borrowing £14,000 over two years will cost £605.09 in monthly repayments. Over the entire life of the loan, it will cost £522 in interest.