Low Cost Loans

Whether you’re looking to buy a car, improve your home, pay for a wedding or simply take control of your finances, a low cost personal loan from Simple Personal Loans could be the perfect one for you.

The term low cost loan is actually something which lenders like to call when they offer a lower interest rate. So, they are loans which are cheaper than your average price.

Understanding APR rates

APR (Annual Percentage Rate) is a term used to define how much a loan will cost you. It includes all fees and interest that you will pay over the term of your loan. The APR is a helpful way to compare how much a Simple Personal loan will cost you in comparison to other brokers.

You can get a good idea of the price of your specific amount and duration using a loan calculator. Although, you should be aware that a loan calculator is only a rough guide as interest can depend on many other aspects. For example, it can depend on your credit score, your length of borrowing and your financial position.

How can I get a Low Cost Loan?

First things first, shop around. If you apply with the first offer you lock eyes on you’re probably not going to walk away with the best deal.

While you’re doing your research pay particular attention to whether or not the provider you’re looking at advertises lending to people with a less-than-perfect credit history. If they do, you may be able to bag a more attractive interest rate – although there’s no guarantee.

The second way to get a low cost unsecured loan is by actively making efforts to improve your finances. When you’ve got a bad credit history lenders often hit you with higher interest rates, and the higher the interest rate the higher the cost of the loan. This is due to the risk that people with a bad credit score bring.

Why choose Simple Personal Loans?

As a broker, we’re trusted, competitive and we don’t discredit people because of their past. With us, you can expect:

  • A quick ‘yes’ or ‘no’ without impacting your credit score,
  • Lots of deals from 100s of reputable lenders,
  • No up-front fees, and
  • Loans big or small to suit your circumstances.

Apply Now!