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the cheapest loan??

alirob12
alirob12 Posts: 809 Forumite
Part of the Furniture Combo Breaker
hi can any1 let me know what low rate loans are there available, i apparently have a great credit score with lloyds and just closed one loan with them taken out a while ago but it was with 13% interest and now lookin at about max 6%, need about 10000, so please can any1 let me know, does anybody know about the AA 5.9% loans? are they easily accessible?? please let me know,thanks for any help :j

Comments

  • Big_Penny
    Big_Penny Posts: 17 Forumite
    Alirob,I'm not sure about 5.9%. I took out a AA loan 3 years ago,£5000 over 5 years.
    I recently 'phoned the AA to re-negotiate my loan,and they offered me 6.1% for £7000
    over 5 years.Hope this helps.
    ps. my original loan was @ 8.8%
  • likabu_2
    likabu_2 Posts: 408 Forumite
    I took out a loan with AA early December 2004. £10,000 @ 5.9% for 7 years. Not too sure if the rate is still available, worth a look though.


    Lisa

    Edit, I had a 2 month holiday period too, so started paying loan off end of February 2005.
    Brassic!
  • JanCee
    JanCee Posts: 1,241 Forumite
    Northern Rock are quoting 5.7% subject to credit rating, so are Barclaycard. That looks like the cheapest rate at the moment.
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi, if you look at the top of this page you'll see links to the articles and comparison services that tell you just that :)
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
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