best personal loans rates 2012

best personal loans rates 2012 : Rachel Springall, spokesperson for Moneyfacts.co.uk, commented: “Research by Moneyfacts has shown that 6.0% APR on a £10,000 borrowing amount over a five year term is the lowest loan rate on offer in four years. Previously the lowest rates for this borrowing amount and term were: 8.4% one year ago, 7.8% two years ago, 6.8% three years ago and 5.8% four years ago. With personal loan interest rates falling, we look at the best offers for loans of £5,000 over three years.

Sainsbury's Finance
A typical rate of 8.6pc is charged, although rates vary depending on the amount borrowed and the term chosen to repay the debt. Customers borrowing £5,000 over three years would repay £157.33 per month. Borrowers can opt to defer the first repayment for two months. The loan is available to Nectar Card holders only, but this can be applied for at the same time.

Tesco Bank
Rates vary between 7.9pc and 15.9pc typical, depending on the amount borrowed. Customers borrowing £5,000 over three years would repay £157.59 per month. A deferment option is available allowing borrowers the opportunity to delay making repayments for up to three months. Loans are available to customers aged between 18 and 74 years old.

Post Office
Loans between £2,000 and £4,999 are charged at 13.9pc, while loans between £5,000 and £25,000 are charged at 8.9pc. Customers borrowing £5,000 over three years would repay £157.95 per month. Loans are available to customers aged 21 years and over.

Santander
Loans between £7,500 and £14,950 are charged at 8.9pc, although this is an online rate only and is dependent on customer's credit rating. Borrowers applying in branch may be charged a different rate. Customers borrowing £5,000 over three years would repay £157.97 per month.

AA
A typical rate of 12.9pc is charged for loans between £5,000 and £7,450. Customers borrowing £5,000 over three years would repay £166.94 per month. The first monthly repayment is due one month after the funds have been released. Spurce telegraph.co.uk For the latest updates PRESS CTR + D or visit Stock Market news Today

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