For some extra help in buying well-deserved gifts for loved ones, or for home refurbishments after the tipsy relative has made an unsightly spill over your brand new carpet due to the spirits of Christmas, Northern Rock offers loans ranging from £1,000 to £25,000.
Labelled by Moneyfacts as one of the lowest personal loan APRs in the , the rate for an unsecured personal loan at Northern Rock is 5.8 per cent. Payments can also be spread over a ten-year period.
Loan protect insurance is also on hand with monthly repayments covered for up to a year and a 20 per cent discount is also available for this online.
Personal secured loans can also be taken out with Northern Rock. This can be worth up to 95 per cent of the value of your home and anything from £3,000 can be borrowed.
Interest for the secured loan is retrieved on the same basis as that for the customer's mortgage and there is a choice of options in terms of how to pay it back.
Either the capital and interest can be paid together or just the interest, although this means that separate savings will have to be paid to pay the actual loan back at the end of the term.
*APR's correct at time of publishing.