Which is the best personal loan for you?

There are so many different types of loans around these days that it can become very confusing as to which is the best for you.   In a recent article we explored the topic of Is There Such A Thing as Good Debt?.  We looked at some valid reasons for taking out personal loans and the importance of both shopping around for a good deal and being confident of your ability to repay the loan.

At Loans 2 Go we can offer you the choice of two personal loans: our Standard Personal Loan and our Premier Personal Loan.  Let’s take a look at each in more detail so that you can help to decide which might be the best for you.

Personal Loan

• Available to both tenants and homeowners
• You can borrow any amount between £250 to £1,000 (£500 if you are a first time customer)
• Repayment term is 18 months
• You can repay by weekly, fortnightly or monthly instalments
• There are no set up fees
• You can repay the loan at any time with no charge or financial penalty for doing so
• Use the online loan calculator here to see how much the repayments would be on the amount you wish to borrow

Premier Personal Loan

• Available to homeowners only
• You can borrow any amount between £250 to £5,000
• Repayment term is over a flexible period of 18, 24 or 36 months
• You can repay by weekly, fortnightly or monthly instalments
• There are no set up fees
• You can repay the loan at any time with no charge or financial penalty for doing so
• Use the online loan calculator here to see how much the repayments would be on the amount you wish to borrow

The main differences therefore are that you can borrow more money over a longer period of time with the Premier Personal Loan and that it is only available to homeowners.  However, it is important to note that it is still an unsecured loan ie it is NOT secured on your home.  

Whichever type of loan you choose, rest assured that at Loans 2 Go we assess each loan application on its merit.  We will consider you for one of our personal loans even if you have bad credit history or a CCJ.  Our main priority is to ensure that you are able to afford the loan repayments and that the loan would not get you further into the very financial difficulties you are trying to avoid.

What you also need to know is that if we do approve your application for one of our personal loans then we aim to get the money into your bank account within 60 minutes when you apply online. So whatever your reason for applying for a personal loan, we will do our best to get you the money you need immediately.

We hope that the above information will help you to decide which of our personal loans is the best for you.  If you need more information you can either enquire online, call us on 0330 400 0403, What’sApp us on 07976 200 597 or email us on [email protected].