The Figures Which Bring Joy With Money

By: amenda dorothy

As all of us know that presently the world economy is passing through credit crunch situation. Due to this not only the high-risk credit takers are suffering, even the non-risky borrowers are facing difficulties in availing loans. But it should not be interpreted that the banks are not interested in giving loans anymore.

The borrowers also must not rush to grab the first offer made to them, because many a times such hasty decisions give plenty of things to repent in the coming times. Still one should strive to secure the most suitable rates from among credit cards, hire-purchase deals, mortgages and loans.

There are some ways to pocket up to ?1000 for those having decent credit rating and a capacity to pay before the interest-free time ends. One should not be overly worried about going for interest-free agreements available on the high street. But the only thing to take care is that one must have enough savings in the account to settle the whole loan amount by the end of the borrowing period.

Marks & Spencer are providing 2 year interest-less funds to those clients purchasing its wares and provisions through their &More cards. During this period the rate rises to 18.9%, so one is forced to make payments otherwise the price of the bought item will go high by several notches. Further one also has the option to use '0% introductory credit card schemes'. As per the information given by Moneyfacts, the respective periods of offer by HSBC, Citi Platinum, Capital One Platinum and Barclaycard Platinum are 12 months, 11 months, 10 months and 10 months.

One other way to secure personal loan best rates is to request for an extension to ones overdraft. Presently, Alliance and Leicester is providing an interest-less overdraft for one year on an amount up to ?2500. Now other banks are also adding to the interest-free amounts they will provide to low-risk borrowers. So there is no dearth of zero personal loans interest rates in the market.

One more good news for those desirous of securing personal loan best rates, research conducted by MoneyExpert has found that almost half of the current accounts in the UK provide an interest-free overdraft.

Money Management
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