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Typical Loan APR

What is a competitive APR to borrow £15k over 2 or 3 years, for excellent credit rating. Secured or unsecured is possible. For balance on a 25K car, Is 5.5% high or about normal ?
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Comments

  • It depends on your individual circumstances. E.g. Your credit history (not score) and income, for example.

    5.5% may be very good for you, although lower rates are available.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Not knowing your financial situation and credit history, not idea.

    For me it is quite competitive - does that help?
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What is a competitive APR to borrow £15k over 2 or 3 years, for excellent credit rating. Secured or unsecured is possible. For balance on a 25K car, Is 5.5% high or about normal ?


    Well luckily the offered rate is no way based on your credit file.
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