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Lowest rate loan?

Mernerva
Mernerva Posts: 24 Forumite
Is there any loans available around the bank base rate of 0.5%?

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    What sort of loan? secured? unsecured? consumer? business?

    Unlikely to find a consumer loan very close to the BoE base rate - as any lender needs to factor in the cost of running a business / overheads / paying staff and making a profit when offering loans.
    A smile enriches those who receive without making poorer those who give
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  • Clive_Woody
    Clive_Woody Posts: 5,888 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Mernerva wrote: »
    Is there any loans available around the bank base rate of 0.5%?

    Doubtful, unless you have a rich friend who is feeling generous.

    :D
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Mernerva wrote: »
    Is there any loans available around the bank base rate of 0.5%?

    Simple answer is.....99% no....personal loans at moment, best you can get is around 5.7%...
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    If there were we would all be taking one out and putting the money in a savings account!!
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