Having never taken out a small loan before I thought id ask for opinions.
I was looking at getting £3000 but the interest I would pay back is much greater than if I took a loan for £5000 (over 3 years).
Tesco bank seems quite good, over three years I would pay about £150 a month and end up paying about £350 over the original amount.
I've also been told by a few people about early repayment of the loan. Some people have managed to repay back all but say £1 of the loan, then pay back that £1 the next month and only have to pay the extra early completion fee based on interest on the £1. Although id have to talk to Tesco about there over repayments, I don't know if this would work with them.
Any advice out there? £150 a month is the maximum I could afford to pay back. I have looked at moneysupermarket, is that the right way to go?
The £3000 if for work I cannot do, i.e. having a boiler fitted. The other Money would probably pay for the other job I cant do which is guttering/soffits and facers. I'm not good with heights.
I was looking at getting £3000 but the interest I would pay back is much greater than if I took a loan for £5000 (over 3 years).
Tesco bank seems quite good, over three years I would pay about £150 a month and end up paying about £350 over the original amount.
I've also been told by a few people about early repayment of the loan. Some people have managed to repay back all but say £1 of the loan, then pay back that £1 the next month and only have to pay the extra early completion fee based on interest on the £1. Although id have to talk to Tesco about there over repayments, I don't know if this would work with them.
Any advice out there? £150 a month is the maximum I could afford to pay back. I have looked at moneysupermarket, is that the right way to go?
The £3000 if for work I cannot do, i.e. having a boiler fitted. The other Money would probably pay for the other job I cant do which is guttering/soffits and facers. I'm not good with heights.
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