Released on = January 24, 2006, 12:54 pm

Press Release Author = Offers-today.com

Industry = Accounting

Press Release Summary = UK consumers expect interest rates to rise during 2006
according to a survey by Lloyds TSB Financial Markets. Across the UK 61% of people
expect interest rates to rise, compared to just 11% who expect to see further
reductions.

Press Release Body =
FOR IMMEDIATE RELEASE
26/01/2006

UK Personal Loan Calculator Site Could Help Secure Loan Before Rate Rise.

UK consumers expect interest rates to rise during 2006 according to a survey by
Lloyds TSB Financial Markets. Across the UK 61% of people expect interest rates to
rise, compared to just 11% to expect to see further reductions. A personal loan
calculator site such as www.loans.offers-today.com will give you an indication of
monthly loan repayments, and the following advice could save you paying over the
odds in interest.

Middlesbrough, Cleveland - 26/01/05

A personal loan is a lump sum which is borrowed from either a bank, a building
society or a loan company. This can either be secured or unsecured. A secured loan
such as a mortgage is linked to your house, and therefore if you fail to repay the
loan, the loan company has claim over your house. This is usually the cheapest way
to borrow as it poses the least risk to the loan company. If however you are looking
for an unsecured loan, be aware of the following:

- The rate of interest you will pay (the APR) can vary significantly from one lender
to another, so it is well worth shopping around.
- A fixed interest rate will stay the same throughout the length of the loan.
- A variable interest rate is likely to rise and fall in line with the Bank of
England base interest rate.
- Check the small print for early settlement charges if you repay the loan early.
- Flexible loans allow you to make over payments and lump sum payments, as well as
the possibility of payment holidays.
- Payment Protection is a sort of insurance which will cover the payments in certain
circumstances. Read the small print carefully as this can be expensive, and does not
pay out in many circumstances.


As with all financial products the best advice is to shop around for the best deal.
Take time to find the right loan and it could save you a fortune in the long run.
Try a loan calculator site such as www.loans.offers-today.com which will give you an
idea of how much your payments could be, and will also provide a number of
competitive quotations from top lenders.

For More Information Contact:

Jonathan Harris
jonathan@offers-today.com
www.offers-today.com



Web Site = http://www.offers-today.com

Contact Details = Jonathan Harris