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Halifax Loan Review

 

If you are looking for quick access to your personal loan funds the the Halifax personal loan could be the right loan for you. After application has been accepted you have the option to have the funds available to you within 24 hours, of course nothing in life is free and this will incur an additional charge.

Another point that is worth drawing your attention to is the initial 3 month holiday repayments. basically meaning that you will not have to make any repayments on your loan for the initial 3 months, helping you get your finances in order. This option is included free of charge.

Comparing the typical apr's with other lenders, the real value of the Halifax personal loan comes when higher loan amounts are contemplated, i.e. £7,000 and over. With these loan amounts you will be eligible for the advertised rate of 6.4% apr.

 

 
   
 
Quick Summary Box
Loan Amounts and APR's £1,000 - 15.6% APR
£1,000 - 2,999 - 14.6% APR
£3,000 - 4,999 - 13.6% APR
£5,000 - 6,999 - 9.2% APR
£7,000 - 19,999 - 6.4% APR
Loan Repayment Periods 1 to 7 years
Early Repayment Penalties None
Comments An good loan offer from Halifax, the main advantages are the initial 3 months holiday repayment period and also the ability to have your funds available within 24 hours, at a cost.
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