If you wish to apply for a loan it pays to shop around the market place before you go with any loan offer. The UK personal loan market is very competitive and loan product innovation has developed considerably over the last 5 years particularly as more and more consumers use the internet to compare deals.
In making a loan application a lender will consider a number of factors, but using your credit rating will feature highly in any decision made. You credit report takes into account your previous credit record, whether you are a homeowner and on the electoral role and if you are married your partners credit history.
If you have a less than perfect credit history you may find it helpful to talk to a loan broker who can source quotes from lenders sympathetic to your requirements.
Our online loan calculator allows you to compare leading UK loans deals, and can be used to narrow down the deals which may be suitable for you by highlighting monthly repayment costs and providers who impose early redemption charges.
Alternatively use the loan tables above to compare a selection of loan providers on an unsecured and secured basis (if you are a homeowner).