Northern rock personal loans previously featured when available:
- Choice of loan amount of between £1,000 and £25,000
- Choice to pay the loan back over a period of between 1 and 10 years
- Fixed rates of repayment
- Same day payment of funds
As such you may want to look for a lender who can still provide a loan with similar features. Using the above loan comparison tables you can compare different offerings from lenders at the same time. Loans, like most financial products, can vary hugely between plans and lenders, so shopping around is really important to try and make sure you get the most suitable product for your needs.
There is not a Northern Rock personal loan calculator available as they are not currently offering any personal loans. However you may find other loan calculators available. Using a lender’s loan calculator you can get an indication of how much a loan from them might cost you in repayments. You normally just need to enter how much you want to borrow and how long you want the repayment term to be, the calculator will then generate an estimate based on the lender’s Representative Annual Percentage Rate for a loan of that size.
However if you decide to apply for a loan you may find that your repayment amount and APR is different from the calculator’ indications, this is because when you apply for a personal loan, after a lender has assessed your credit score and other financial circumstances they may decide to tailor your specific APR.
Before you apply for a personal loan
As well as shopping around to try and get the most suitable loan for you, you may also want to look into alternatives to borrowing, for example if you already have the amount of money you were looking to borrow in your savings you may want to use your savings instead. This is because any interest you earn on from your savings may be less than the interest you would be charged from a loan of the same size.