While December brings with it plenty of festive cheer, it also comes with a lot of strained financial purse strings. And if you’re thinking of taking out a personal loan to ease the financial pressure this silly season, you may have stumbled across the idea of personalised interest rates.
A personalised interest rate is just what it sounds like, an interest rate that’s determined depending on factors including how much you want to borrow, what loan term you’re after and what your credit score is. This can benefit you if you have a squeaky clean credit score, since the better your application looks, the lower your tailored interest rate is likely to be.
If that sounds like your cup of tea, the perfect place to start your personal loan search might be Symple Loans’ unsecured personal loan. Why you ask? Well this loan now offers the lowest personalised interest rate in the Mozo database for unsecured personal loans.
In fact, starting from 5.75% p.a. (6.89% comparison rate^), Symple’s unsecured personal loan interest rate is a significant 0.24% less than G&C Mutual Bank’s unsecured personal loan variable interest rate, which is currently sitting in second place at 5.99% p.a (6.20% comparison rate^).
So if you’re looking to borrow a lump sum of money to pay for an upcoming trip or to renovate your home in 2020, check out the details below.