How To Secure Cheap Loans
This Is Money:
As interest rates have risen over the past year, cheap personal loan rates have been disappearing from the marketplace.
Last year there were an array of deals at below 6%, but these have dried up as lenders struggle to make money on their loans and the number of borrowers defaulting has risen.
But although choice has diminished, it’s still possible to borrow money at below 6% and there are other avenues that consumers should consider if they want to borrow money. We look at the cheapest loan options.
Personal loan market
There is still one lender that offers loans at below 6% – Masterloan, which is offering loans at 5.9% for up to £15,000.
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