Car loans rise following launch of ‘cash for bangers’ scheme
Research from Sainsbury’s Finance has found that since the launch of the Government’s scrappage scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme.The scheme, which pays consumers £2,000 to get [...]
Publ.Date : Wed, 28 Oct 2009 08:49:32 +0000

Are lenders loosening their purse strings?
Interest rates on personal loans are finally starting to fall.The average interest rate on the top ten loan deals has fallen to 8.35%, the lowest level since the Bank of England reduced the base rate to 0.5% last March.When the Bank of England first lowered the base rate, mortgage and current account providers followed suit, [...]
Publ.Date : Fri, 22 Jan 2010 09:14:18 +0000