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Zopa or A&L for a Loan???
I want to get a £7000/£7500 loan over 36 months but also be able to pay it off early.
Zopa is only offering a 12% deal, whereas A&L offer 7.8% (I haven't tried applying for this one yet).
I should be able to pay off the loan within 12 months. Does anyone know what kind of fee A&L charge for an early repayment?
Which loan would work out better?
TIA
P.S. I already have a Virgin card so cannot do any super balance transfers.
Zopa is only offering a 12% deal, whereas A&L offer 7.8% (I haven't tried applying for this one yet).
I should be able to pay off the loan within 12 months. Does anyone know what kind of fee A&L charge for an early repayment?
Which loan would work out better?
TIA
P.S. I already have a Virgin card so cannot do any super balance transfers.
0
Comments
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dont be surprised if A&L come back with something in excess of 7.8%0
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Yes I am expecting that. I want to wait until I'm sure I want to use A&L before applying as it may affect my credit score.
Tesco is getting some praise on this site so I might try there...0 -
Sorry I am being a bit dumb here but:
Say I get a £7500 loan with Zopa @ 12% and pay it off in 12 months.
Or
I get a £7500 loan with Tesco for say 9% and pay it off in 12 months.
Which would work out cheaper?0 -
Providing the rates are both APRs, the Tesco loan would be cheaper.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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