njkmrs

Doing my usual online banking the other day when I saw the Yorkshire Bank are now offering bank loans at 5.1% !!
I have never seen them that cheap before.
Incredible and well worth a dabble I suspect .
Fill your boots !

Dale17

New scooby here I come !!

Matteeboy

BMW doing 4.9% on most cars.
And 3.9% on run out models.
And 0% on the M3...

njkmrs

I cant say ive ever used a dealers finance to be honest as I have never found one to compete with a bank loan rate,but if BMW are doing it for that then things are getting cheaper all round.
Recession,what recession.!!

Dale17

Can you get an impreza from there

beef-on-the-bone

iTrader: (5)

bro in law just borrowed 10k and has to pay back just under 11 over 5 years, dunno the details

but seems a good deal to me!

john banks

That works out at 3.82% which is not bad for a small loan.

shytorque

Banks now competing for business.
as low as 4.3% .
don't need one but "hell why not"

madscoob

iTrader: (3)

tesco are 4.5% and natwest taking the **** are 6.5 % guess who i borrowed with lol

chocolate_o_brian

iTrader: (22)

If you have a good/excellent credit history. Mines average/good now (something which I'm actively working on to improve for the future), and looking at sizeable loans (for normal folk) around £9,000-£10,000 it's about 9.95%-12.9% APR secured currently.

stevebt

iTrader: (8)

Honest , where?

Miller-SoT

iTrader: (2)

Take no notice of the advertised rate, it's a gimmick to hook you. Most people never get that rate.

Yes, it's a good place to start looking but you'll be lucky to get the low rate.

Skoobie Dhu

iTrader: (3)

Mini are offering a fixed rate of interest of 1.85% apr on a new model Paceman, some good deals out there just now.

stedee

iTrader: (4)

Its not new I usually pay about 5%, have done for the last 7 years.

pimmo2000

iTrader: (6)

I got a loan for a car when I was 21 at 6%, since then I've quadrupled my salary, never missed a payment (even left a credit card to come out monthly to help) and now they offer me 16%.

I don't need a loan that much, but the bank said it's down to my mortgage.

chocolate_o_brian

iTrader: (22)

High mortgage to wage payments?

pimmo2000

iTrader: (6)

I'm on more than double I was when I took my mortgage out .. really odd.

Dingdongler

Something seems really odd then if your salary has doubled since you took that mortgage out

pimmo2000

iTrader: (6)

More than doubled, I have no other debt either.

We took two payment breaks when the kids were born, as I was on a lot less and the misses wage was vital. This was agreed and contracted, so I don't see how it impacts my credit score.

I did a credit check thing and got average / good. Maybe it's a lack of credit.

chocolate_o_brian

iTrader: (22)

Could be, Mark.

My mrs is 27 and has never had any kind of credit. Her score is 'fair' hence why we've got those easy to get credit cards (Aqua and Capital One) to bump up her score wisely.

Whereas I have a long credit history, most good, with two nearly out of date defaults from 6 years ago and mine is 'good'.

It's strange as then if you have a lot of credit history it can impact as negative on your record due to it looking 'credit hungry'

I'm starting to wonder whether to just save cash under my mattress

bustaMOVEs

iTrader: (31)

A lot of outgoings? and don't use the same bank thinking they'll look after you, they sometimes have you hook and sinker, shop elsewhere, as said above tesco are good and not secured on house etc like others, good rates and don't change the percentage like others when you contact them.

pimmo2000

iTrader: (6)

er.. not really, I do spend a lot, but it's not a fixed spend.

It was the same bank .. maybe that's my issue.

JonMc

iTrader: (51)

Amigo loans is the place to go 49.9%APR