It can be a bit tricky deciding which type of personal loan is right for you. Why? Because you need to look at more than just the interest rate.
What should you look at besides the interest rate?
You should also look at:
- the APR - Annual Percentage Rate
- If there are any months where payment are higher than others
The APR and the actual price of the loan
You may, for instance, have to pay a commitment fee or a registration charge. You should therefore ask for the APR of the loan. The APR is the true cost of the loan expressed as an annual percentage of the loan amount.
Get more help on the APR - use our loan calculator
Why not try our personal loan calculator. It takes into account all the costs of a personal loan. Arrange a meeting with your branch and they will be more than happy to explain and compare your personal loan options.