Moneyback Bank personal loan
Christmas time has the potential to leave a massive financial hangover, but with the Moneyback Bank personal loan shoppers could save themselves over £600 by choosing the right provider.
For example, a loan of £5,000 has a rate of just 5.7 per cent online and could be paid back over 36 months at a cost of just £151.19 per month.
Compared with a personal loan at HSBC, where for the same amount the more extortionate sum of £629.64 would have to be paid out, it becomes clear that the Moneyback Bank are offering a great savings deal.
Yet there is an extra perk to this product, as if loan protection is also taken out, then a moneyback payment is given out for each year of the loan. A loan between the values of £20,001 - £25,000 can pay out £50 money back per year.
Research and Markets has also praised the Moneyback Bank personal loan for its innovation. The bank is a trading name of Alliance & Leicester and the product was launched in June 2005.
*APR's correct at time of publishing.