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Clydesdale Bank Loan

Like all the banks, the Clydesdale Bank Loan doesn't offer the best rates, but they've gone to town with flexibility. Choose from fixed or variable rates, up to ten years to pay back the loan, and even pay in weekly instalments if that suits your lifestyle. Like having a butler: worth a look if you're prepared to sacrifice hard cash for an easy life.

Clydesdale Bank Loan examples (correct at publication date, uninsured):

  Monthly Repayment APR
£3000 across 2 years N/A N/A
£5000 across 5 years N/A N/A
£10000 across 7 years N/A N/A

The Clydesdale Bank Loan offers a novel approach to lending: you decide the terms on which you want to borrow, and they'll work out a rate for you. This really is unique among lenders, and here are your options:

For starters, you can choose a variable as well as a fixed Clydesdale Bank loan. By sacrificing the security of a fixed rate, you can usually achieve a better rate of interest, so if you don't mind the possibility that your repayments will rise, you could obtain a good deal here.

Secondly, borrow any amount from £500 upwards. So you can borrow the exact price of your car or holiday, (rather than increments of £1000 as some lenders will insist).
Repayments are also unique. Not only can you spread your Clydesdale Bank Loan payments across anything from 6 months to 10 years, whereas most lenders offer a maximum of 7, but you can also choose to pay weekly or fortnightly as well as monthly. If you're paid weekly, or are bad at financial management, or simply prefer little-and-often, then this is a great opportunity, and one which other banks are foolish to be ignoring.

On the downside, Clydesdale Bank Loan rates are high (11.4% typical APR), and there's an arrangement fee of £40 which you can add to the loan. In a world where you can get 6.7% deals, that's not much good; but still these are innovative deals worth investigation.