Personal Loans

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Personal Loans

If you’re thinking of doing some much-needed home-improvements, finally taking that trip of a lifetime or paying for a fairytale wedding you may be looking at getting a personal loan. There are plenty of lending options out there, so it’s important to understand what a personal loan is and make sure it’s the right choice for you.

A personal loan is an amount of money lent to an individual by a bank, building society or other commercial lender. You’ll be given the loan in one lump sum and will have to pay it back in monthly instalments over a set amount of time. When you pay back the loan, you’ll also pay interest on the amount you’ve borrowed.

what is an APR?

APR is a helpful phrase to understand if you are looking at personal loans. APR stands for Annual Percentage Rate and describes the percentage of interest you’ll pay over the course of a year on a loan. APR also includes any fees and charges you will pay over the year as well – so it’s an overall figure of the annual cost of the loan. APR is calculated in the same way for every company (it’s the law that any loan / credit card / hire purchase agreement must show APR). APR is a way of helping customers make comparisons between different products. The lower the APR, the less you’ll pay for your loan.

benefits of a personal loan

Here are just a few benefits of obtaining a personal loan:

  • Fast & simple loan decisions
  • Low fixed rates and set repayments
  • Use funds for nearly any purpose
  • No hidden fees
  • No collateral required
  • Borrow only what you need
how can we help you?

If you have any questions about our services then please don’t hesitate to contact Access Business Capital UK

Our business was able to grow with the help from Access Business Capital UK.

Stephan & Jade
, The Nags Head