Cheap flexible loans allow the borrower a greater degree of financial freedom than other forms of loan which include regular overpayments and underpayments over a set period of time, thus making a flexible loan useful for those with irregular incomes.
Benefits of a cheap, flexible loan include:
Payment breaks, though this is dependent on the provider and deal on offer
The options to pay more or less each month
Low interest rates
Cheap flexible loans can also be beneficial to other types of borrower as regular overpayments permit a flexible loan to be paid off early without being charged a penalty. However, you should always ensure that you check the small print in case there are other fees you are not aware of. Use our FREE mortgage enquiry service to find the best cheap flexible loans on the web.