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There are many types of personal loans available, with varying levels of interest payments, length of loan repayment, and with different items secured on the loan (i.e house, car, etc). When looking to purchase a personal loan make sure that you read all of the small print, and are aware of the risks you are taking. It is wise to check things such as loan repayment insurance (pay attention to exactly when the loan insurance would pay out), early repayment options, missed loan repayment penalties and of course the loan interest rate.
Moneyextra is the award-winning financial website of Chase de Vere Financial Solutions, one of the UK's leading independent financial advisers helping private individuals, companies and their employees make the most of their money.
Loan Comparision provided by Money Extra, as part of their personal finance advice service