Abbey National Personal Loan
The unsecured Abbey National Personal Loan is offered at extremely competitive rates; from low amounts, and from a company that's pulling its socks up. Worth investigation.
Abbey National Personal Loan examples (correct at publication date, uninsured):
|£3000 across 2 years
|£5000 across 5 years
|£10000 across 7 years
In the past couple of years Abbey National have had a bad press- things are definitely improving. The site is clear and concise, the unsecured loans are at better rates than the other banks (remember Abbey used to be a building society), and for customers with disabilities, all information is available in Braille, large text, on disc or audio.
The secured Abbey National Personal Loan, though, is a bit cheeky- it's only available to you if you are either lucky enough to be mortgage-free or have an Abbey National Mortgage. That cuts some 95% of the population out of the picture! Equally, a secured loan is only really worth it for life's big purchases- an extension to the house, for example (where you expect to add value to the property anyway!)
For everything else, that leaves the unsecured loan. The unsecured Abbey National Personal Loan is available from £1,000 to £20,000 and an over-the-phone decision is usually available in minutes. Rates compare very favourably with competitors (the Abbey National Personal Loan is the only big-5 bank loan which compares well with the supermarkets and direct lenders), and as with most products, the best rate is reserved for online applicants.
An entirely standard (30 day exclusions) payment protection policy also applies.