3 Great tips for taking out a Personal Loan
Interest rates are lower than ever, so why not take advantage of the fact and get yourself a personal loan today? But before you sign on any dotted line, we at first4commercial would advise you to take note of these 3 tips that should ensure you get the very best deal possible.
Tip one – Look around
Those repayment rates might look enticing, but how about checking a few others first? Even though you may have a current account with your bank, it is possible that the building society round the corner offers an even sweeter deal. Check online and try some price comparison websites for the very best offers available.
Tip two – Early repayment
What happens when you come into a windfall and would like to pay off your loan early? Did you know that some companies will add an extra charge for this? Not all banks and building societies have the same charges, so see if you can find one that charges less, or even does away with the fee altogether. You could save a small fortune if that time actually comes.
Tip three – PPI
Okay, Payment Protection Insurance is currently having a bad press, but it is still useful to consider. See which lender offers PPI at the lowest cost, and factor this into your final decision. You never know what may lay around the corner, so dig deep into the small print before committing to your personal loan.
Follow these 3 smart tips, and don’t hesitate to contact us for more advice about your personal loan!