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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 through the roof so it's important to find the best deal on the market.
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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