Personal loans and business loans remain hard to come by, despite the government’s campaign of quantitative easing designed to boost lending. Interest rates on personal loans are at a nine-year high, with many banks choosing to lend only to existing customers.
Posts Tagged ‘Past Performance Of Investments’
Loans still not easy, despite quantitative easing
Tuesday, February 16th, 2010Tough times as banks say no to loan applications from new customers
Tuesday, December 15th, 2009Eight of the top nine UK bank lenders are currently ‘battening down the hatches’ and considering loan applications only from existing customers, according to new research*.
Loans are most readily available to existing current account customers and this ‘lender reluctance’ is the latest symptom of how banks continue to tighten up on loan availability in the current unfavourable climate.
Which loan is right for you? Secured loan? Unsecured loan?
Wednesday, November 18th, 2009In the recent difficult times, cash-strapped consumers are increasingly turning to lenders, in order to raise funds. There are many issues to be considered, in order to find the loan that is suitable for you. Here are a few key points to consider, when planning to apply for a loan. Secured loan or unsecured loan? [...]
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