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Hi, does anyone know what bank has the lowest interest for a car or personal loan?
Thx
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Checked it myself.
RAK is the lowest i think it is 3.75
if you have contacts in banks, they give you very good rates.
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great, thanks for this . I kinda came to that conclusion too but didn't want to get stung!
Someone also advised me to get a personal loan instead of car loan due to the dispute between ownership. do you know of any pitfalls to avoid?
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well, for sure personal loan is higher rate, but i don't know how much it is.
But depends on your agreement with the bank
HSBC you don't pay any extra, but you have to inform them 3 months in advance when you want to sell the car. you only pay what is remaining without charges. (or so they say)
check other banks, i don't know about them.
cheers
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HSBC are the only bank that have no early settlement fees - even within first year.
Others entertain the idea if you finance your new vehicle through them.
-Driven by Precision-
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do you mean RAC? I cant find anything on RAK.
