Would I get a better rate elsewhere?

wanoennogs
Forumite Posts: 11
Forumite

I will keep things as brief as possible. I need to have a full of dental implants in both my upper and lower jaw. Standard false teeth are no longer a viable option for me. The cost of the implants is £22,000. I have £5,000 and thus need to borrow £17,000.
I made an online loan application with the HSBC as I bank with them. I made the loan request to be repaid over 60 months. I was told if I didn't hear anything after 24 hours to ring up. I rang up today and was told they have delays and are currently dealing with loan applications made on the 24th of Feb. I was told my application will be dealt with sometime next week. The advisor was able to tell me that should I be accepted for the loan the rate will be 12.9%.
Would I get a better rate going elsewhere or are all lenders going to offer pretty much the same rate?
Why is the rate offered to me so high? Perceived risk?
0
Comments
-
The rate you are offered depends on your risk as assessed by the lender.0
Categories
- All Categories
- 340.2K Banking & Borrowing
- 249.1K Reduce Debt & Boost Income
- 448.4K Spending & Discounts
- 232K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 171.7K Life & Family
- 245.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards