Finance Choices
Alliance & Leicester Personal Loan Scoop Award
Alliance & Leicester personal loans have been given the seal of approval with an award from a consumer magazine.
The readers of Personal Finance & Savings magazine have voted Alliance & Leicester Best Personal Loans Provider for 2005.
The bank beat off stiff competition from several other top high street financial providers to win the top place, whilst Tesco and Halifax came second and third, and Lloyds TSB and Nat West took the eight and ninth positions.
"We are delighted to have been voted Best Personal Loan Provider by the readers of Personal Finance & Savings magazine," said Andy Bayes, head of Alliance & Leicester personal loans.
"We pride ourselves on giving our customers a great loan experience, both in terms of the customer service they receive and great value we offer."
More than 6,200 readers voted to choose the top banks over a three-month period.
Alliance & Leicester has built on its success, being highly commended in last year's awards.
About the Alliance & Leicester Personal Loan
The Alliance & Leicester personal loan is a straightforward easy to use offer. With one of the lowest APR's of only 6.4% The Alliance and Leicester personal loan gives great value for money. As with all personal loans the rate you are offered is dependant on your credit rating.
The 6.4% APR is applicable for personal loans taken out at between £5000 to £15000. Alliance % Leicester have made it very easy to apply and you will get a very quick decision on your loan application.
You can have the option of up to 5 years to pay off your personal loan and the interest rate that is offered you is fixed for the term of the loan.
An Alliance & Leicester personal loan is available for any purpose be it a holiday, car or home improvement.
Applying for an Alliance & Leicester Personal Loan is really easy too. All you need to do is fill in an online application form which takes about 15 minutes to complete. They will email you a response within minutes. Once you've been approved, Alliance & Leicester will send you the necessary paperwork for you to sign and once you return it, the money will be on its way.
The readers of Personal Finance & Savings magazine have voted Alliance & Leicester Best Personal Loans Provider for 2005.
The bank beat off stiff competition from several other top high street financial providers to win the top place, whilst Tesco and Halifax came second and third, and Lloyds TSB and Nat West took the eight and ninth positions.
"We are delighted to have been voted Best Personal Loan Provider by the readers of Personal Finance & Savings magazine," said Andy Bayes, head of Alliance & Leicester personal loans.
"We pride ourselves on giving our customers a great loan experience, both in terms of the customer service they receive and great value we offer."
More than 6,200 readers voted to choose the top banks over a three-month period.
Alliance & Leicester has built on its success, being highly commended in last year's awards.
About the Alliance & Leicester Personal Loan
The Alliance & Leicester personal loan is a straightforward easy to use offer. With one of the lowest APR's of only 6.4% The Alliance and Leicester personal loan gives great value for money. As with all personal loans the rate you are offered is dependant on your credit rating.
The 6.4% APR is applicable for personal loans taken out at between £5000 to £15000. Alliance % Leicester have made it very easy to apply and you will get a very quick decision on your loan application.
You can have the option of up to 5 years to pay off your personal loan and the interest rate that is offered you is fixed for the term of the loan.
An Alliance & Leicester personal loan is available for any purpose be it a holiday, car or home improvement.
Applying for an Alliance & Leicester Personal Loan is really easy too. All you need to do is fill in an online application form which takes about 15 minutes to complete. They will email you a response within minutes. Once you've been approved, Alliance & Leicester will send you the necessary paperwork for you to sign and once you return it, the money will be on its way.
posted by Bruce Wayne at 3:49 PM
Alliance & Leicester Personal Loan Scoop Award
5 Comments:
Having had loans from Alliance and Leicester over a period of time and never missed a payment it would seem that a change of policy has been brought in.
I have never missed a payment and on once again wanting to extend a loan was turned down. Why, I have no idea, other than the interest rates were in my favour. I had a good payment history with Alliance and Leicester and was asking to borrow far less than I had in the past. Well thank you EGG. The process with EGG is easier and faster. They, unlike Alliance and Leicester, transfer funds direct to your account so no need for cheque to be sent and clearing times, etc.
I am used to using the car finance packages that lock you in for ever and a day and charge you the earth for the privilege. Also, by the time you have completed the 24 or 36 months, it is likely that the company will have changed hands at least once.
So.... I discovered the Car Purchase Plan from the Alliance & Leicester. Simple application form completed on their Internet Site on a Sunday evening in August. I received a phone call on Monday lunchtime to confirm one detail. I had the cheque in my hands that Saturday morning and the car in my drive less than 2 weeks after that! Perfect.
The interest rate is realistic and you can cancel the contract at any time with only 2 months interest penalty which is much less restricting than the lock in periods of 18 months or more on some contracts. There is the deferred final payment on this scheme which may not suit all people. They also do not want to take ownership of your vehicle nor do they stipulate maximum mileage per annum.
If you are looking for an alternative way to finance your next vehicle, give these people a try.
One of the UK's major financial services groups. Offering a broad range of financial services to suit your personal and business banking needs. Find information about their current and savings accounts, 24 hour internet banking, and variety of personal loans, mortgages and insurance products. Apply for products online or find the branch nearest you.
I tried to get the 5.5% loan today for £15,000 to buy a holiday home. After spending ten minutes on the phone, was pleased to be told that I could have the loan at 6.7%!!
I told them where to go - and that I wanted my application data removed from their system, the poor callboard person didn't have a clue what I was talking about, and had to put me through to his manager. After much consternation, I was offered the loan at 5.7%, but it took effort. This seems to be a bit of a scam to get you on the phone. I have a perfect credit history, and am a high earner, so it was hard to see where I dropped any credit scoring points, but perhaps they marked me down because I had no A&L accounts. Also, beware - they try very hard to get you to buy the insurances on offer.
I was actually pretty appalled by the application process. I applied online for a Moneyback loan today to replace a flexible loan I currently have with cahoot (9.5% variable / £7500 outstanding) and received the e-mail asking me to call them to receive the decision on the loan.
The guy I spoke to (Moses) was very pushy and a bit rude - asking several personal questions about my work and family. All I wanted was a quick decision to see if I could get close to their advertised 5.5% without payment protection and no matter how many times I said I wasn't interested he kept on asking me what I had in place should I be made redundant etc. In the end they offered me 8.9%, which was a bit disappointing considering I earn a reasonable amount and have just switched all my personal banking to Alliance & Leicester (this may have impacted my credit score I am guessing).
Regardless of their decision, I would not recommend the loan on the basis of the hard sell alone. When I applied to cahoot the entire process took place online and I was offered an initial rate of 6.9% a while ago despite having only graduated a few weeks previously!
Rude, pushy and very disappointing service from Alliance & Leicester.
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