Today's Best Loan Deals - Saturday 04 February 2012

Research by Intelligent Finance suggest that borrowers loyalty to their existing bank is doing nothing but lining the wrong people's pockets.

It seems that more than half of UK adults simply turn to their own bank for a personal loan, instead of looking around for a better deal. "With unsecured personal lending at record levels, personal loan borrowers across the UK will lose out to the tune of over £1 billion in the year ahead by saddling themselves with uncompetitive and inflexible loans," says IF.

There is no need to take out a loan with your bank as the market has become far more competitive and there is now a great deal of choice in the market for the consumer.

See below a summary of the best loan deals currently available in the UK. The information is updated daily.

Loans suitable for people with a good credit profile You are more likely to be accepted if you have a good credit rating.
LoanAmountsCredit ProfileRepresentative APR
M&S Personal Loan Min Loan: £7500
Max Loan: £15000		Good6%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6% fixed
Your monthly payment would be: £234.12
The total charge for credit: £1238.00
The total amount payable: £11238.00
For loans of £7,500 - £15,000.
Platinum Min Loan: £10000
Max Loan: £12499		Good14.5%
Representative Example
If you borrowed £10000 over 5 years at a representative APR of 14.5% variable
Your monthly payment would be: £192.59
The total charge for credit: £1555.00
The total amount payable: £11555.00
CHEAPEST Homeowner Loan in the UK for loans from £10,000. Fixed rates available.
Tesco Min Loan: £7500
Max Loan: £14999		Good6.1%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6.1% fixed
Your monthly payment would be: £234.56
The total charge for credit: £1259.00
The total amount payable: £11259.00
For loans of £7,500 - £14,999.
Sainsbury's Shopper Personal Loan Min Loan: £7500
Max Loan: £15000		Good6.1%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6.1% fixed
Your monthly payment would be: £234.56
The total charge for credit: £1259.00
The total amount payable: £11259.00
For loans of £7,500 - £15,000.
Alliance & Leicester Min Loan: £7500
Max Loan: £14950		Good6.3%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6.3% fixed
Your monthly payment would be: £235.42
The total charge for credit: £1300.00
The total amount payable: £11300.00
For loans of £7,500 - £14,950. Apply online for a quick decision.
Nationwide Min Loan: £7500
Max Loan: £14999		Good6.4%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6.4% fixed
Your monthly payment would be: £235.86
The total charge for credit: £1321.00
The total amount payable: £11321.00
Apply online - Nationwide will give you a no obligation quote that won't affect your credit rating.
Sainsbury's Shopper Reward Loan Min Loan: £7500
Max Loan: £15000		Good6.9%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6.9% fixed
Your monthly payment would be: £238.03
The total charge for credit: £1425.00
The total amount payable: £11425.00
Nectar card holders receive double Nectar points for 2yrs on £7.5k-£15,000.
Santander Min Loan: £7500
Max Loan: £14950		Good6.9%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 6.9% fixed
Your monthly payment would be: £238.03
The total charge for credit: £1425.00
The total amount payable: £11425.00
For loans of £7,500 - £14,950. Apply online for a quick decision.
AA Min Loan: £7500
Max Loan: £14950		Good7.9%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 7.9% fixed
Your monthly payment would be: £242.38
The total charge for credit: £1634.00
The total amount payable: £11634.00
For loans of £7,500 - £14,950. Apply online today.
Loans suitable for people with a fair credit profile
LoanAmountsCredit ProfileRepresentative APR
Platinum Min Loan: £10000
Max Loan: £12499		Fair14.5%
Representative Example
If you borrowed £10000 over 5 years at a representative APR of 14.5% variable
Your monthly payment would be: £192.59
The total charge for credit: £1555.00
The total amount payable: £11555.00
CHEAPEST Homeowner Loan in the UK for loans from £10,000. Fixed rates available.
Central Capital Min Loan: £7500
Max Loan: £100000		Fair19.4%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 19.4% variable
Your monthly payment would be: £262.54
The total charge for credit: £2602.00
The total amount payable: £12602.00
Loans for homeowners. Fixed rates available.
Pounds to Pocket Min Loan: £300
Max Loan: £2000		Fair277.7%
Representative Example
If you borrowed £2000 over 1 years at a representative APR of 277.7% fixed
Your monthly payment would be: £318.56
The total charge for credit: £1823.00
The total amount payable: £3823.00
12 month personal loans of up to £2,000. No early repayment charges are applicable.
Loans suitable for people with a poor credit profile
LoanAmountsCredit ProfileRepresentative APR
Central Capital Min Loan: £7500
Max Loan: £100000		Poor19.4%
Representative Example
If you borrowed £10000 over 4 years at a representative APR of 19.4% variable
Your monthly payment would be: £262.54
The total charge for credit: £2602.00
The total amount payable: £12602.00
Loans for homeowners. Fixed rates available.
FLM Loans Min Loan: £750
Max Loan: £999		Poor49.9%
Representative Example
If you borrowed £999 over 2 years at a representative APR of 49.9% variable
Your monthly payment would be: £61.76
The total charge for credit: £483.00
The total amount payable: £1482.00
£500-£5,000. Will accept anyone with friend or family homeowner guarantor.
Pounds to Pocket Min Loan: £300
Max Loan: £2000		Poor277.7%
Representative Example
If you borrowed £2000 over 1 years at a representative APR of 277.7% fixed
Your monthly payment would be: £318.56
The total charge for credit: £1823.00
The total amount payable: £3823.00
12 month personal loans of up to £2,000. No early repayment charges are applicable.