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Personal Loan at 3.3%

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  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    I'm guessing the 3.3% was the representative APR, which banks only likely give out to one person to enable them to advertise that they offer loans at that low a percentage.

    No, lenders must offer 51% of successful applicants the representative APR. The OP is one of the other 49%.
  • Never knew that, cheers. Just thought it was one of those scams like when a budget airline sells thousands of flights "from £1", and the only £1 flight is one seat on a midnight flight to Baghdad.
  • sportsarb
    sportsarb Posts: 1,069 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Try Zopa.

    Just successfully applied for a loan with them and they stated the APR they would give me before actually applying. Naturally they put a warning on this but for me it certainly worked out.

    3.3%
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