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Learn · Personal loans · 5 modules
Personal loans, from the “from” rate to paying early.
5 short modules, 3 to 4 minutes each
Basics
If you’ve never had a personal loan- How a personal loan worksEqual repayments over a set time, and what it means when a loan is secured.3 minutes · 2 pages and a questionStart
- The rate you’re offered, and the feesWhy the advertised “from” rate may not be yours, and how fees add to what a loan costs.4 minutes · 3 pages and a questionStart
- How the loan’s length changes the costA longer loan lowers each repayment and raises what you pay in all.3 minutes · 2 pages and a questionStart
Going further
Once you know how a repayment works- Paying off early, and fixed or variable ratesWhat extra repayments save, the fee some loans charge for paying early, and a rate that can move.4 minutes · 3 pages and a questionStart
- Reading a real personal loanThree real loans, each showing one thing the modules before taught.3 minutes · 3 pagesStart