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Loan with Sainsbury finance
davidshads
Posts: 131 Forumite
in Loans
I'm looking to borrow £3000 over 2 years to put towards a car,sounds straight forward enough!
I went on to money supermarket.com and got quotes the best one being Sainsbury finance which gave me my monthly payments and a total of £3390
Thought that was ok so I filled out the online form and had to ring them as they needed a few more details and when they came up with my total it was 3495.60.
Could someone please explain to me why this would have increased so much.I have a very good credit rating.
Any ideas for the cheapest lender for £3000 over 2 Years
thanks
I went on to money supermarket.com and got quotes the best one being Sainsbury finance which gave me my monthly payments and a total of £3390
Thought that was ok so I filled out the online form and had to ring them as they needed a few more details and when they came up with my total it was 3495.60.
Could someone please explain to me why this would have increased so much.I have a very good credit rating.
Any ideas for the cheapest lender for £3000 over 2 Years
thanks
0
Comments
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davidshads wrote: »I'm looking to borrow £3000 over 2 years to put towards a car,sounds straight forward enough!
I went on to money supermarket.com and got quotes the best one being Sainsbury finance which gave me my monthly payments and a total of £3390
Thought that was ok so I filled out the online form and had to ring them as they needed a few more details and when they came up with my total it was 3495.60.
Could someone please explain to me why this would have increased so much.I have a very good credit rating.
Any ideas for the cheapest lender for £3000 over 2 Years
thanks
The reason is because all quotes are always indicative and the actual APR will depend on your circumstances. It is risk based pricing - and unfortunately many if not all lenders do this nowadays.Best Regards
zppp
0
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