Many
of the loans we offer are variable interest rate loans. In broad
terms this means that your monthly loan repayments can change both
up or down in line with money market interest rates. A loan where
the interest rate is variable tends to be cheaper at commencement
than a loan where the interest rate is fixed for the whole period
of the loan. This is because the cost of the risk that interest
rates might rise has to be added into the fixed rate loan.
The choice of interest rate rests largely with your risk outlook
and this is inevitably influenced by what the likelihood is that
interest rates might rise or fall in the future. Variable rates
tend to be more popular where the likelihood is that money market
interest rates are going to fall and less popular when the likelihood
is that they will rise. As at 1st March 2002 the money markets are
anticipating a very small rise in interest rates in the UK over
the next 12 months.
For further details apply on-line straight away.
LOANS
SECURED ON YOUR HOME
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR
HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS
ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 12.8% APR
Typical Variable
