Cheap Loan

Step by step guide to finding your cheapest loan

1. Think about what you want from a loan

   Make a list of all the things that are important to you. How much would you like to borrow? How long do you want to borrow for? Might you be able to pay it back early? Would you like to bank online? Do you want to borrow from a bank you’ve heard of, or would you accept the cheapest loan around regardless?
   

2. Compare all the cheapest loans available
   
   The only way you can be sure of getting the cheapest loan for you is to compare them all. This isn’t as complicated as it might sound Based on the criteria you’ve decided upon, it will search around to find the cheapest loans for you in a matter of minutes.

3. Apply for the cheapest loan
   
   Once you’ve found your cheapest loan, you may be able to apply for it online. If your lender doesn’t offer this service, or you’d rather apply by post, you can ask for an application form. Most lenders will give you a decision within a few days.

4. If your application is rejected
   
   Some lenders will reject an application for your cheapest loan based on your credit rating, so you might have to apply elsewhere for a bad credit loan. Instead of doing this, the lender might offer you a higher rate than you were expecting, but don’t feel obliged to accept this offer.Compare loans again to see if you can find your cheapest loan elsewhere.

Low Interset Loans

If you're borrowing money, you can cut your repayments by choosing a low interest loan. Whether you're borrowing to repay other debts, go on holiday or buy a car, you'll need a cheap loan that you can pay off quickly. Read on for uSwitch's advice on getting a low interest loan.

• How much can I save with a low interest loan?
• Which lenders are best for a low interest loan?
• Will my application for a low interest loan be accepted?
• Is every low interest loan the same?
• How do I find the best low interest loan for my circumstances?

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