%rate on loans? Hi, i recently applied for a loan, although i havent accepted it

Hi, i recently applied for a loan, although i havent accepted it simply yet.
I was standard for lb4000, my monthly repayments (including the protection payments) are going to be lb200 over 5years (my credit history is not great as i accidently missed some payments on credit cards, although i had the money i just forgot to recompense, im kicking myself now as it means extortionate apr on credit)

Could someone please detail me, how much the payments are likely to be without the protection, and also how much do you envisage the repayments a month would be if i only took lb3000 and then again if i lone took lb2000. All of this is to be repayable over 5years.

Thanks very much, this would be a great help

Answers: deplorably nobody can give you a specific answer to this, they can only assume base on the figures you have provided, the rate is inconstant, so it can change not only depending on the amount you borrown and down time but your personal credit history to.

in order to go and get the answer you will need to visit the edge where you have the loan quotation, however, more applications may brand your credit rating look slightly worse because any credit faciltiy applied for is logged.

Protection is not that much it would probably be around lb185 without.

a loan of lb3000 is likely to be around lb175 next to protection lb155 without and lb2000 probably lb145 with protection and lb130 in need. judging on what you have quoted, these are not exact information as you have not stated the actual APR.
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