Advantages: Low rates advertised, but that's a trick! Disadvantages: They try to tie you in with a credit check
...on loans, I saw that Northern Rock with 5.8% ARP was much lower than all other providers, so I went into their bank. The young guy behind the desk immediately got the forms out and mentioned that not all customers are offered the 5.8% rate, but instead of being refused, I would then get a higher rate, which could go up to about 9%, but most likely it would be just over 6%. I thought that was fine and couldn't imagine why my credit check would be negative. ...
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helpful
30.07.2004
Good Choice Review ofNorthern Rock Loansby
JasperUK
Advantages: Very simple application Disadvantages: None
...was winging its way to Northern Rock. A few days later i rang to check my application and the forms arrived on my doorstep ready for me to sign a week later.
Returned then straight away and a few days after that the money was in the bank with no problems.
I cant remember the exact % but i pay £195 for a £9800 loan...not too bad and very efficent... ...
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Advantages: quick/easy to apply for, no early redemption fee Disadvantages: may use a hard sell on the loan protection insurance
...had 2 large loans with Northern Rock, and would consider them again. They have a very competitive rate....they may not be the absolute cheapest on the market but they do have one major advantage on most other loan schemes, in that there is no redemption penalty when paying the loan off early.
If you intend to pay off your loan early, the lack of an early redemption fee, means this type of loan could work out cheaper than another lenders loan which ...
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Advantages: Low rates Disadvantages: watch the small print
...loans, I came across the Northern Rock as having the lowest rates available at the time (advertised 6.0% Nov2003)
They offer un -secured loans Typical APR is 6.0% available on loans from £1,00 to £25,000. Repayment terms up to 10 years. There is the option to repay the loan early. Secured loans only available to excisiting customers.
The web site was easy to follow and quickly I had filled in an application online, very straightforward. There ...
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Advantages: Quick, easy and cost effective Disadvantages: Live Credit Check is mandatory
...loan for home improvements through Northern Rock. Lots of home improvements, so a lot of capital was needed.
I did it all over the phone, just called the number and answered all the questions. Nothing out of the ordinary, the usual questions apply.
The guy on the phone made things very easy to understand and went through all the options for repayment with me. IE, I can pay the agreed monthly sum for the duration - or I can pay a lump sum off ...
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Advantages: Easy to use internet application, cheap APR rates Disadvantages: APR on contract can be different to website agreed
...one off payment) offered by Northern Rock. I will seriously consider using them to extend my loan when purchasing a car in the new year. ...
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04.11.2005
Go for a loan Review ofNorthern Rock Loansby
gemini22
Advantages: Low rates Disadvantages: None
...9.41% (As of 6/3/01) with Northern Rock.
I must say I applied on the internet and was very impressed by the speed of the application and the result (2 days notification via Royal Mail).
If you check finance sites like www.moneyextra.com you will find through comparison with lenders that Northern Rock offers the lowest rates consistently.
All I can say is if you are considering a loan check out Northern Rock first you will save a fortune! ...
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Advantages: The speed and efficiency of receiving the funds. Disadvantages: The change in APR from application to offer.
I recently applied for a loan online with this company after researching various lenders to find the most competitive rates available. I was very pleased with how easy it was to do the online application, however a little to disappointed to find the APR I had actually been offered was different to the APR quoted when doing the application. I did not feel that it was pointed out on the website that the APR could vary, and it wasn't actually until I ...
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Ciao members have rated this review on average somewhat helpful
Additional Charges
Ease of Application
somewhat helpful
08.08.2007
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