Fernando de Querol Cumbrera
Research expert covering construction, loans, leasing, savings, and debt
Get in touch with us nowThe effective fixed interest rate of new consumer credit in the United Kingdom (UK) reached over eight percent in March 2024. During the first half of 2020, the interest rates for all new household lending declined sharply. However, since July 2020, interest rates for secured and unsecured loans have soared. In the first quarter of 2024, the average interest rates of personal loans in the UK remained relatively stable.
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