In the UK, despite a record low base rate of 0.5%, it has taken a long time for the benefits of such a low rate to filter down to the man in the street.
Low interest personal loans offered by lenders such as Tesco have only recently come down to levels that could be considered benefitting from the base rate.
Supermarkets offer cheap low interest personal loans
Non traditional lenders such as Tesco have led the way in bringing down loan rates whilst traditional lenders have sat on the sidelines.
If you are looking
for cheap low interest unsecured personal loans, comparison websites like Money supermarket and Moneysavings Expert bring all the loan providers and all their offers under one roof.
It has to be considered extraordinary that supermarkets are now the market leaders in personal loans and hopefully as more liquidity poors into the system they will continue to lower their loan rates to benefit the uk consumer.
We have some other useful information on our site regarding interest rates and low interest rate loans. Please take some time to further navigate our site.
Some other useful scraps of information with reference to personal loans can be found in this short 2 minute video.
Loading ...