flexible loans- who proivides?

lynzpower

Hi all

I need a flexible loan.Ive looked on moneysupermarket & cant find any

We are about to move house and I want a loan for a couple of grand to pay the months deposit & months upfront plus credit checking fees etc. Once we have completed on this home and sold it, we will have the cash to pay it back & close it down.

No offence, but im not using cahoots - they are untrustworthy- my OH has a cahoot flexi loan & they have put thier APRS up etc, and I dont want to give them our business.

Cheers in advance
lynzx

Phoenix79_2

Hi Lynzpower.

I was all set to say Natwest until i noticed its only for loans of £5k or more. Still might be worth checking out.
http://www.natwest.com/personal02.asp?id=PERSONAL/BORROW/LOANS/FLEXIBLE_LOAN

Phoenix79_2

Another one:
http://www.hsbc.co.uk/1/2/personal/loans/flexiloan
For amounts between £500 and £5000

ERMANTRUDE

Hi I know that your post was 2 months ago now but have just seen it. I am also looking for a flexi loan and have come across the Northern Rock one which doesn't have any early redemption charge.

Info: Fixed rate. No early redemption charge. No arrangement or administration fees. Typical APR 6.1%.

Just thought it might help. Hope so. E x

Rafter

£2,000 loan at 6.1% APR for 3 months.....

That will be £30.50 in interest.

The bank will have to pay 5% to borrow the money so that is £5.50 in margin for the bank.

Hardly enough to cover a credit search and processing the form so it is not surprising banks are bending over backwards to offer these products.

Unless you can use the flexible feature of a loan like Northern Rocks expect to pay a nasty interest rate or a setup fee.

Would you lend somebody £2000 for 3 months for £5 profit?

R.

[Deleted User]

The egg money card (not egg green) has a typical APR of 7.9% and you can transfer money to your bank account ie just like the cahoot flexible loan. It's what I now use and think it's a good replacement.