Veteran Loan - Can Loan Rates Continue to Fall? ...

Veteran Loan -
Can Loan Rates Continue to Fall?
...

It looks as though increasingly lenders are realising the value of the supply and demand model, by decreasing their margins in order to attract more customers. We expect other lenders to match these rates although it is unlikely they will drop below that of Cahoot or Northern Rock. We would strongly advise those seeking a loan to shop around now while rates remain so low and Competition is fierce which is fantastic news for consumers.Arguably the new Cahoot loan rate is a slightly better offer for those looking for a loan of less than 5,000 whereas the Northern Rock offer is more suitable for loans in excess of 20,000. It is worth noting, however, that both of the market-leading loans operate a risk-based pricing policy, which means that not everyone that applies will get the low advertised rate.Bank of Scotland offers a competitive rate of 6.1% which is not determined by the risk-based pricing model.To switch supplier or for more informationvisit www.uSwitch.com or call 0800 093 06 07For more information please contact:
Jennifer Evans, www.uSwitch.com on 0207 802 2923 or e-mail protected from spam bots, or Lucy Gaynor, www.uSwitch.com, on 0207 802 2967 or e-mail protected from spam botsNotes to editors:
www.uSwitch.com is a free, impartial online and phone-based comparison service which helps consumers compare prices on gas, electricity, home tel