UK Loan Finance Sources
We've picked, at random, a handful
of the acknowledged UK market leaders.
Our comparison page allows you to choose between more than
one hundred lenders, so do a calculation with one of the
major lenders, then compare lesser known, or local lenders.
Either way, a low rate, cheap loan
facility, analysed and applied for online,
may save you a lot of money.
Click on the name to find out more
about each one, then click the button below your choice
to compare their rates with others:
HSBC — Fast track to a loans facility
This big, fast and impressive banker,
with its Hong Kong roots, and international style has a
fast track, product line approach to the loans market
"Our Flexiloan comes with a fixed
borrowing limit that you can take advantage of whenever
you need it. And if you don't use it, you don't pay anything!
. . . Return
to top
Barclays — New loans a classy innovation
Barclays has been around more than
300 years, and in that time has proven itself a classy innovator.
It has kept up the pace, and some of its personal loans
are exceptionally good products compared to the High Street
offerings.
"A Barclays loan is called a
Barclayloan. Barclayloans are available up to £25000.Repayment
options are from 1 to 5 years . For a loan of more than
£10000 a 7 year term may be possible. Loan repayment
protection is available."
. . . Return to top
LLoyds TSB — Cutting the overheads on loan products
Clever bankers, Lloyds. They've been
around for over 250 years, saw the trend from private family
banking to incorporated banking early, and never looked
back. They are very good at paring a little extra off the
other High street offerings, and their loans products reflect
this.
Lloyds are moving quickly to an online
banking model, and are offering very competitive online
loan rates to help drive this move, worth a look.
. . . Return
to top
Royal Bank of Scotland — punching its weight in
loans products
The Royal Bank of Scotland Group,
founded in 1727, is one of Europe’s leading financial services
groups. By market capitalisation it is the second largest
bank in the UK and in Europe and ranks fifth in the world.
In March 2000, The Royal Bank of Scotland
Group completed the acquisition of NatWest in a £21
billion deal that was the largest takeover in British banking
history. It;s consumer lending reflects it's size . . .
packaged right into the mid range of the High Street.
"You can borrow between £1000
- £25,000 with fixed repayments over 12-60 months,
with an 84 month period for loans over £15,000.
. . . Return
to top
Tesco moves into the loan business
Tesco is one of the big money handlers,
the national retailers, who have decided to cut out the
middle man; if you are going to take money off people who
borrowed it when you sell them stuff, you may as well lend
it to them, too.
This double ended approach allows
borrowers some interesting possibilities . . . more generous
provision for unsecured loans, being the most obvious.
. . . Return
to top
Marks and Spencer — a retail approach to the loan
business
As everybody's source of socks and
underpants (as well as scads of other stuff) Marks and Sparks
are ideally placed to loan money to their customers.
Its a retail approach al the way,
with annual loan "sales", special deals and high
interest traded off against low security, and of course,
you might spend some of it with them, too. A double earner.
. . . .Return to top"
First Direct
One of many services First Direct
is using to build market share, their loans facilities are
based on fast online processing, and cheese paring the high
street offerings to give slightly better rates.
Worth a look, as you get a £500
overdraft when you become a customer, and you need to be
a customer to apply for a loan.
. . . Return
to top
Virgin Money
This is fast. Whoever is running Virgin
is cashing in on their
advantage . . . they are new, so they have no legacy of
slow, paper based processing, and if they get their risk
tables right, they can approve and pay out like lightning.
And that is just what they are doing.
The interest rates aren't bad, and the turnaround is, as
we say, impressive.
. . . Return
to top
Yorkshire Bank
The bank says it up front. It's committed
to becoming the first choice financial provider, and it's
going at it hard.
A new online loans facility, and the
sort of interest rates and charges that go with a bank looking
for market share, is worth a look.
. . . Return to top"
Smile
Smile is the internet side of Cooperative
bank. It trades fast online service against a slightly higher
interest rate.
However there are some good deals
to be done on their smaller,"automatic" type loans,
with competitive interest on amounts up to £5000 and
the opportunity to spread payments to suit income.
. . .Return
to top
Nationwide
Twenty five quid in cash if you can
get a better deal from the High Street banks. Says it all,
really.
This big building society has sliced
its interest rates and charges, and is out for customers.
They are making big offers and it's up to you to take it
or leave it.
It'd be rude not to, wouldn't it?
. . .Return
to top
Halifax
If you happen to be a customer, you're
a walk up start for a loan here, if you are not, you'll
need to open an account first.
The rates are just ok, but there is
a great range of products, and there are signs that the
Halifax is waking up to the need for some cuts in rates,
and better deals. Worth watching.
.
. .Return to top
Northern Rock
It's a game of beat the High Street
bankers, and Northern Rock is right in it.
The interest rates are pared to the
bone, charges are reasonable and insurance is quite cheap.
The form asks if you are a customer,
and that may act in your favour, although there is no indication
that's the case. But if you need cash, it looks like Northern
Rock are ready to listen.
. . . Return
to top
Freedom Finance
Instant online applications, no waiting,
low rates and no other charges. Sounds like a sort of freedom
. . . and it is.
Freedom claims to be happy to accept
applications from people with no equity, adverse credit
and the self employed . . . given good rates and no hidden
charges, what else could you want?
. . . Return
to top
RAC
While you can use an RAC loan for
nearly anything that's legal, clearly buying a car and similar
motorised acquisitions seems to be a sensible view of purpose
for this lender.
You can also get great discounts on
insurance for the vehicle (but check out Uk
Online Motor Insurance first) a credit card that gives
super discounts on car stuff and fuel, and all sorts of
other benefits. Loans interest is a little high, but there
are other benefits.
For the dedicated motorist, its worth
a look.
. . .Return
to top
Copyright 2003 © UK
Online Finance. Follow this link for legal information.
