Is this site giving me financial advice?
No. We provide general information. Your circumstances are your own, and for advice on a specific decision you should speak to a qualified, authorised adviser in your country.
FAQ
Short answers to big questions
How much should I borrow?
Borrow the least that solves the problem, and test the payment against your leanest month, not your best one. If a repayment would only just fit, the loan is probably too large.
What fees can appear on a personal loan?
Possible charges include an arrangement fee, a fee for late payment and a charge for early repayment. Not every loan has all of them, which is why the full agreement is worth reading.
Is a lower monthly payment always better?
Not necessarily. A longer term lowers the monthly figure but usually raises the total interest you pay. Compare what you will have repaid in total, not only what leaves your account each month.
How can I tell whether a lender is legitimate?
Look the firm up on your regulator's public register and be wary of anyone asking for a fee before a loan is paid out. A genuine lender will describe its charges openly and let you take time to decide.
Understand your preliminary loan result
Check the inputs and conditions behind an estimate before treating it as a written offer.