Person to person loans paperwork

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Person to person loans paperwork

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Person to person loans paperwork

You can typically borrow as little as £1,000 up to a maximum of £25,000 with a personal loan. The interest rate is usually fixed and you pay back the debt over a set term, normally one, three or five years. Personal loans can therefore help you to budget because you know at the outset the full cost of your borrowings and how long they will take to clear.

Wedding loan. For example, if you are getting married and the wedding is set to cost £7,500, you could take out a loan for £7,500 person to person loans paperwork 5 over three years. Your monthly payments would be fixed at £224. 41 and you would pay total interest of £578.

76 over the 36-month term. Debt consolidation. If you have run up other debts at high rates of interest, a personal loan can be a good way to manage your borrowings and bring down the cost.

Person to person loans paperwork