Compare interest rates

The following gives you some idea of current interest rates on different types of loan:

Student Loans
The interest rate you pay under the Student Loan Scheme if you leave the country for 184 or more consecutive days is 6.6% a year.

Credit Cards
The interest rate charged on a credit card (including store cards) varies from 12% to 22.95% a year.

Car Loans
The interest rate for borrowing money to buy a car is generally between 11% and 18% a year.

Hire Purchase
The interest rate for hire purchase varies between 17% and 23.9% a year.

Personal Loans
The interest rate you could pay on a personal loan can range from:
11% to 19% a year for a secured loan
13% to 23% a year for an unsecured loan

Note: These figures are a guideline only. Make sure you know what interest rate you are paying before you borrow.