Personal Loans Even Harder and More Expensive to Come by ; Personal Finance

Summary


The average interest rate charged on smaller loans has reached nearly double figures as lenders respond to the global credit crunch.

Financial website MoneyExpert.com said the average rate charged on a pounds 5,000 unsecured loan is now 9.5 per cent, up from an average of 8.6 per cent in June.

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Personal Loans Even Harder and More Expensive to Come by ; Personal Finance

The website said just four providers now offer interest rates of less tha...

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