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Lenders Hike Personal Loan Rates - The Guardian - Boooohoooo

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Lenders increase personal loan rates

Paul Willis and agencies

Wednesday October 3, 2007

Guardian Unlimited

A host of lenders have raised their interest rates on personal loans, some by as much as 4%, as growing uncertainty in the financial markets takes its toll on the lending market.

A total of nine different providers have pushed up their rates in the last week alone, according to the financial comparison website Moneyfacts.co.uk.

The biggest rise came from Bradford & Bingley, where interest on loans between £2,000 and £3,000 went up to 17.9%, a jump of 4%.

Edited by gruffydd

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