There are just so many personal loans out there on the market. It’s confusing. Especially when there are so many factors to consider in finding your best personal loan. How do you even begin to choose the one that’s right for you?
The answer to finding the best personal loans depends on three simple, yet crucial, steps:
Yes. You must do each one, because a low interest loan might actually be a high overall cost loan. In short, low interest loans are not always the best loans for your circumstances.
Remember, if a company offering low interest loans makes it tricky to understand and compare their rates and fees with their competitors, that’s a sign you need to look very closely.
Or you could try Rapid Loans, we make it easy for you to compare all our options and choose the best personal loan for you. Consultants are always on call and ready to answer any tricky question.
The best personal loan for you and your individual needs simply cannot be bought ‘off the shelf’. People regularly run into difficulties when their loans are structured one way but their lives are pushing another.
In the three-step process of comparing products to find your best personal loan, the important things to watch for are:
When you need more advice, a Rapid Loans consultant will be waiting on the line to talk you through the process.
We will guide you in considering things like the amount you’d like to borrow, the assets you have, the other loans you have and whether you are likely to receive sudden amounts of cash – say end-of-quarter company bonuses or gifts from family.
We will then build a loan and loan repayment plan to match your individual circumstances.
Very often, loans providers offering you the lowest interest rates won’t be offering you much of a saving overall.
The savings these providers deliver in low interest rates they make back in higher administration fees, more upfront charges and complicated interest calculations and other penalties in the terms and conditions.
Someone to answer all your questions is already waiting.
Our personal loans experts want to make sure you get the right answer.
Talk to someone who’ll listen on 1300 727 431, or request a call back.
Or simply apply now.