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Personal loans round-up By Hannah Ricci
Whatever you've got planned this summer, from home improvements to purchasing a new car, an unsecured personal loan could come in handy to make your plans more affordable. However, signing up to a dud deal could send your repayments
Masterloan currently offers the cheapest loan with an APR of 6.1%. Repayments for a £5,000 loan are £152.07 a month over three years without insurance, and £193.25 a month for a £10,000 loan repaid over five years. New graduates faced with the reality of student debt this month could consider taking out a graduate loan to clear expensive credit cards and overdrafts. There are a number of low-rate loans for graduates of specific subjects, such as 2% APR for loans of up to £6,000 for trainee accountants from the Bank of Ireland, and up to £15,000 for trainee medics and dentists. The lowest standard loan available to all graduates is from Barclays Bank. Graduates can borrow between £500-£10,000 up to two years after completing their course, with an APR of 7.9%.
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