lowest loan rate???

tillydew

Hey all,
i have a loan with Nwide for £5000 @24.5%, over 5 years,
this seem a bit steep, I want to try for another loan or card at a lower rate and to pay off over 2-3 YEARS,
any suggestions!
all a bit confussing

[Deleted User]

Waht does your credit file show?
What is your income?
Any other debts/available credit?

Jackie132

Really, it's too much interest. You should try for another loan but after paying the first one. If you take another loan without paying the first loan then after too much time, you may have pay more and more interest.

adindas

To do that you will need a credit card which allow you to transfer to current account for a fee. This credit card is also called Super Balance Transfer Credit Card. As it is credit card they will do a credit check to assess the suitability.

See for instance here
http://www.choose.net/money/credit-cards/compare/super-balance-transfer/

Virgin Money 0% for 29 months 4% transfer fee
MBNA Everyday 0% for 18 months 4% transfer fee

DCFC79

Jackie132 wrote: »

Really, it's too much interest. You should try for another loan but after paying the first one. If you take another loan without paying the first loan then after too much time, you may have pay more and more interest.

Yes it is alot of interest but if thats the best the OP is offered then thats the best available.