We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
APR negotiation
I have just been approved for a personal loan, and I'm awaiting the paperwork required to complete the formalities. The APR advertised was 3.4%, but my offer came in at 10.9%. I'm not all that surprised that the reality was different from the advertised rate, but i wondered if lenders have been known to be open to negotiation on the APR? If not I'll probably reject the offer.
0
Comments
-
I have just been approved for a personal loan, and I'm awaiting the paperwork required to complete the formalities. The APR advertised was 3.4%, but my offer came in at 10.9%. I'm not all that surprised that the reality was different from the advertised rate, but i wondered if lenders have been known to be open to negotiation on the APR? If not I'll probably reject the offer.
You can ask but the answer will probably be the same.
I'd wait a bit and apply elsewhere.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards