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Offset Unsecured Personal Loans
Can you get them any more!?!?!? i used to have one through Inteligent Finance (best thing since slices bread) - but having just checked - they no longer offer them. Not sure if its a change in business strategy (weird as this was their differentiator), due to the HBOS/LTSB merger, or due to market conditions!?
I also thought First Direct offered them - but appears to only be for mortgages.
having just done a google search - I could not find any other providers.
All i want is a standard unsecurued personal loan which can be offset against funds held in a linked current account.
Do they still exist??? Was a great idea and way of reducing both interest and tax implications.
Hepl!?
I also thought First Direct offered them - but appears to only be for mortgages.
having just done a google search - I could not find any other providers.
All i want is a standard unsecurued personal loan which can be offset against funds held in a linked current account.
Do they still exist??? Was a great idea and way of reducing both interest and tax implications.
Hepl!?
To Stooze or Not To Stooze - Theres only one option 
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Comments
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Surely if you have the money on a current account you don't need a loan - or have I missed something?
There is a product that fulfills your needs and is readily available - its called an overdraft!0 -
you need to read up one what an offset loan is......completely different to an overdraft.To Stooze or Not To Stooze - Theres only one option0
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Well I don't think it exists and the next best thing is an overdraft - you only get charged for the amount borrowed.0
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so i take it no one is aware of any offset loan providers then?
Inteligent Finance used to do one - but no more!To Stooze or Not To Stooze - Theres only one option0 -
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Sorry to drag up an old thread, but I am in the same position looking for an offset loan and can't find anyone doing one any more. Did you find any OP?
JonesMUFC, just cos you don't understand the need for/benefits of a product doesn't make it a bad product or bad idea
Cheers, Des.0 -
JonesMUFC, just cos you don't understand the need for/benefits of a product doesn't make it a bad product or bad idea
What a charmer - good luckHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Apart from a credit union, that normally requires you to deposit funds alongside the loan that's it I'm afraid.Best Regards
zppp
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