Low Interest Personal Loan

A low Interest Personal Loan is a loan provided to individuals with a bad credit history or other financial problems, such as past bankruptcy. If you are one of those people unfortunate to have a low credit score, you undoubtedly have found it difficult to get a personal loan or a mortgage, in fact the only type of financing that you would qualify for is a bad credit loan.

If you have problems repaying the loan as a result of losing your job or health issues, you should contact your bank and make them aware of the situation as soon as possible. If you are honest and up front, lenders are more likely to be sympathetic and helpful.

Make sure you understand what you are being offered in respect of the interest rate and loan terms. Is the interest rate is fixed or variable for example? Are there any additional fees for early repayment of the loan? Always read the small print.

Before you take out a short term loan, consider all the following alternatives. Does your employer offer no-interest loans or payroll advances? Do you have items you no longer need which you can sell on eBay? Could you get an advance on a future inheritance?

Be honest about the reason you are applying for the low interest personal loan. Your lender may be able to offer you a loan better suited to your requirements. There are now a huge variety of different types of personal loans available such as home equity loans, auto loans, commercial loans and leases to name just a few.

Please remember if you default on payments for an unsecured loan you could end up being credit blacklisted, which could affect your application for a mortgage or credit cards in the future.

If you loose you job or cannot work due to illness, will you still be in a position to make the payments? If not consider taking out cover protection on the loan,

Before you accept a loan offer always check the small print for additional charges such as a penalty fee for early repayment of the loan.


The interest rate you qualify for will depend on many factors like your individual financial status, the term of the loan, the loan amount, whether you have collateral or not, your credit history, the prevailing interest rate and the policies of the lender.

Check out the following Low Interest Personal Loan Site for a competitive quote today.