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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
6.4% APR loan even with a poor credit rating ....
Finally been okayed for a Alliance and Leicester personal loan at 6.4% APR (their lowest rate for loans over £7,500; its gone up from 5.9% APR which was a shame).
I had originally been given a rate of 10.9% however I rang them up and queried it and the guy said if I opened a Premier Current Account they could redo my loan application at the lowest rate - I was skeptical, but it has finally come through today 8)
Also, if you complete the premier account application online you'll get a free £25 bonus - the caveat is that you have to credit the account with £500 a month - I guess you could move money in then back out again (or just close the account one you get your mitts on the loan cash).
I hope this helps anyone struggling to get a good rate out there, I suppose you have to be credit worthy enough to get some sort of a loan, but its worth the £25 for trying.
Martin, I suppose you could get the affiliate links for A&L and do an article for people who struggle to get loans?
I had originally been given a rate of 10.9% however I rang them up and queried it and the guy said if I opened a Premier Current Account they could redo my loan application at the lowest rate - I was skeptical, but it has finally come through today 8)
Also, if you complete the premier account application online you'll get a free £25 bonus - the caveat is that you have to credit the account with £500 a month - I guess you could move money in then back out again (or just close the account one you get your mitts on the loan cash).
I hope this helps anyone struggling to get a good rate out there, I suppose you have to be credit worthy enough to get some sort of a loan, but its worth the £25 for trying.
Martin, I suppose you could get the affiliate links for A&L and do an article for people who struggle to get loans?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards