How do I get a personal loan?
The easiest way is to approach the lender directly. Most have application forms you can fill out on the web. If you don't have internet access, you can go to your local bank.
How do I know who offers the best rates?
Comparison sites such as moneysupermarket.com and moneyfacts.co.uk allow you to search for the best deals, or look at the tables on this page. Be aware that the rates usually quoted in newspapers are for loans of £5,000, or even £10,000. If you want to borrow less, the rates will be higher.
What is the "APR"?
APR – annual percentage rate – is a standardised way of calculating a loan's interest rate. But beware; the advertised rate may not be what you get. If it is advertised as the "typical APR", it must be offered to at least two-thirds of successful applicants. But one-third of loans could be offered at a higher rate.
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