Loans FAQ
A loan, overdraft or a credit card?
There are several methods to borrow or obtain finance.
If the amount you want to borrow is quite low, or you want to borrow for a short period of time, a personal loan may not be the best option.
In fact may be better to take out an overdraft with your bank, or make use of a credit card
However, for larger purchases, debt consolidation, a new car etc., a personal loan may well be the best option.
Secured loans will give you, in general, a lower APR than unsecured loans, meaning you repay less over the term of the loan, and in almost all cases, the APR of a loan will be lower than that of a credit card.
