Post Office Loans

iceking

Has anyone got a loan from the Post Office? They seem to have fixed rates rather than typical rates and so it should be a case of knowing what rate you will get before you apply. The best rate is currently 6.4%.

Robert_Sterling_3

Post Office Loans 6.4% ( Bank of Ireland )

iceking

anyone know if this rate is fixed?

Debt_Free_Chick

It looks like it. This page states that there are no repayment increases

http://www.postoffice.co.uk/portal/po/content1;jsessionid=BILAIJJCFGJ2KCRAZRYENZQKEDGHCQ2K?mediaId=load103021&catId=1600004

And it doesn't state that it's a flexible loan. Looks like a run of the mill personal loan (i.e. not flexible).

Oh - and the interest rate depends on your individual credit rating. You might not get a loan at the headline rate of 6.4%

HTH

iceking

From what I can gather it is 6.4% for amounts over 5k. This beats any other guaranteed rate, including MArtin's tip of Liverpool Victoria, whose rate has gone to 6.5% and Nationwide at 6.7%. I am surprised that more people havn't taken a loan through them.