0 APR personal loan

kokolino23

Hello,
I'm looking for a personal loan up to 2k over 1year. I can setup a direct debit for repayments during this period (166/month).
What would be the best option to apply for it, please?
Many thanks in advance.

[Deleted User]

You won't get a 0% APR loan.


Have you considered a 0% purchases card?

Paully232000

or if the place you need to use the money doesnt accept CCs then a money transfer card could be of use. Although is not going to be 0%, will be a few % is probably going to be the cheapest way bar borrowing money from someone you know for free.

Gaz83

There's no way you'll get a loan at 0% APR. Even 0% credit cards have a fee.

Apples2

A Free loan?
If you find one, let the rest of us know so we can take one before they go bust.

NICHOLAS_2

His 75k investment must have gone down the pan.

Btw, 166 x 12 isn't 2000.

DCFC79

kokolino23 wrote: »

Hello,
I'm looking for a personal loan up to 2k over 1year. I can setup a direct debit for repayments during this period (166/month).
What would be the best option to apply for it, please?
Many thanks in advance.

A credit card is your best bet.

Or dip into the £75k ?

kokolino23

Thanks a lot for all your replies.
75k investment is still in the sight but didn't find the best way forward as yet. The problem with that is GBP/EUR exchange rate as my savings are in EUR and I've missed to exchange them when was 1.24 and now is 1.37 !!! Biting my nails but wasn't down to me at the time.
I can't dip into my savings so I'd guess a money transfer card is the only option.

kokolino23

NICHOLAS wrote: »

His 75k investment must have gone down the pan.

Btw, 166 x 12 isn't 2000.

It's 1.6666666666667 to be more precisely but I was typing from my phone :cool:

Foxy-Stoat_3

You should save £166 a month for the next 12 months, then you will of saved up £1992.00 for free and you may even get the other £8 from the interest which would make up your £2K.

No such thing as 0% APR loans apart from family and friends, if they are daft enough.

Good lucks

tripled

There aren't any commercial loan providers that lend money for free! Your only potential route for a free loan is credit cards, with two options.

If you can pay this £2000 by credit card, then look for a card which offers interest free purchases for a long period (18 months+). You might even get some reward points or cashback too if you play it right, and there wouldn't be any fees as long as you paid it back in time.

If not, you will need a card which offers a super balance transfer, which is a balance transfer to your current account. The fee for this is typically fixed at around 3% of the transfer amount. This rounghly translates to an APR of 6% (assuming make equal payments over a 12 month period), however you could partially offset this by only making the minimum payments until the end of the offer and putting the rest into a high interest current account (5% TSB/Nationwide) or regular saver (6% First Direct).

See Martin's guides and eligibility checker for more information on available cards.