Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Lenders have this week trumpeted record low personal-loan deals.
Both Marks & Spencer and the Clydesdale and Yorkshire Banks have launched 4.7 per cent APR deals while the AA cut its typical rate to 4.8 per cent, matching a similar rate which was launched last week by Sainsbury’s.
The personal-loan market has been as competitive for months with rates creeping downwards by 0.1 per cent every other month or so. So with the Bank of England keeping base rates on hold on Thursday for yet another month, there is likely to be further price-cutting in the loan market. That means there’s no need to rush to take advantage of the latest low rates. They are likely to be around for some time and could easily go even lower.
But you should not be persuaded to apply for a loan just because they seem cheap. The decision to borrow should be based on need. You may need to raise cash to pay for improvements to your home, for example. The truth is that no matter how low the rate, borrowing money is costly.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments