Whatever kind of loan you're after, you're going to want the lowest interest rate available. Finding the best rates is a matter of knowing both what to look for and where to look for it.
Shorter term loans tend to have much higher interest rates, largely in order to ensure that you pay them off quickly - this is particularly the case with payday loans, which typically come with APRs in excess of 1,000%.
All other things being equal, if you've got a better credit rating, you'll be able to get better interest rates on any credit you take out. you can check your credit rating for free with Money Expert by visiting this page.
If you do have a poor credit rating, consider a credit building card, or even a guarantor loan.
Depending on both your reason for borrowing, and the amount you want to borrow, you might be better off with A credit card or even an overdraft facility. Contact your back for details about overdrafts.
Different providers will offer loans with often wildly varying interest rates so it's always crucial that you compare as many as possible if you want to get the best deal. You should also consider choosing a loan provider who you're already banking with as it's possible you might get preferential rates.
The loan comparison service via this website is provided by MoneyExpert in association with Monevo Limited (Monevo) which is an Appointed Representative of Quint Group Limited (Quint), and is entered on the Financial Services Register under reference number: 723672. Quint is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Monevo is registered in the UK with its registered office at Oxford House, Oxford Road, Macclesfield, Cheshire, SK11 8HS.
Monevo is a broker, not a lender and it matches a customer's loan application with lenders and brokers from our panel depending on the information provided.