Short Term Loan Guide – Are They Right For You?

Short-term loans are ideal for funding a purchase or perhaps consolidating a debt. According to comparison site money.co.uk, these are the best bets if you want to repay in full within a year.

  1. Tesco Bank Personal Loan offers £3,000 to £35,000 from one year up to 10 years. The representative APR is just 2.9% on loans of £7,500 to £25,000.
  2. Nationwide Personal Loan Ex/C is available only to existing customers with a current account, mortgage or savings account. £1,000 to £25,000 is available with a representative APR of 3% on £7,500 to £25,000.
  3. Nationwide Personal Loan is for members only. The same amount is available but the representative APR is 4.2%.