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Top personal loan deals 'still available'
There are still some quality personal loan deals available to consumers in the UK, according to an expert.
Mark Adams of Lovemoney.com claimed that the cost of borrowing "has soared" in recent times, while Bank of England figures have even highlighted that loan rates have reached a ten-year high.
Writing for the website, he outlined that the average rate on an unsecured £5,000 loan paid back over three years currently stands at 12.4 per cent.
However, anyone looking to borrow should not be too downhearted, he added, particularly if there finances are currently in a good state.
He explained: "If you're confident you have a solid credit rating you could apply for one of the few remaining competitive loan deals on the market."
Recent figures from esure revealed that nearly one in two drivers in the UK do not research personal loan APRs or credit cards rates when looking to purchase new cars.