Spotlight on: Hitachi personal loans

 

Simon Read
Friday 07 June 2013 13:44 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The deal

This week's lender aiming "to shake up the personal loans market" is the little-known Hitachi Personal Finance.

Good points

The firm is offering loans at a typical 5.4 per cent, but says one in 10 borrowers will qualify for lower rates.

Bad points

Only borrowers with the "best possible" credit history will qualify for the low rates.

Conclusion

There are new loan schemes being launched every week so if you want to borrow to pay for an extension or new car, for instance, it could be a good time to secure an affordable deal. However there's no need to rush. With the Bank of England keeping interest rates at a record low this week, there's little chance of rates rising in the near future. So the good deals should be around for some time.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in