Variable Rate Loans
Our loans are available with repayments at a variable rate. This means that your monthly repayments may change over time, in line with any movements in general interest rates.
A Low Cost Personal Loan Standard variable rate - where your repayment amount only changes if there is a significant change in general interest rates.

Base rate tracker - where your monthly repayment changes every time there is a change to either the base rate or LIBOR (London Interbank Offered Rate).
Whichever type you choose, a variable rate is likely to appeal if you feel that interest rates will remain the same or fall over the period of your loan.

Help is at hand.
Don't worry if you are unsure which type of loan is best for you. Our qualified team of underwriters will be happy to explain the differences and discuss which option is best for you.

Fixed Rate Loans
If you are looking for a personal loan where you have the comfort of knowing exactly what you'll be repaying each month, then you could do well to consider a fixed rate Loan Giant Personal Loan from Independent Finance. Available as a secured loan, you'll know exactly where you stand as - for a set initial period - your monthly repayments stay the same even if general interest rates go up or down.

A Loan Giant Personal Loan, from Independent Finance, offers you the ability to pay a fixed amount each month for a set number of months. This type of loan is referred to as a short term fixed rate loan.

Short term fixed rate loan - this is where you pay a fixed monthly repayment for the first part of your loan period and then, subsequently, pay the lender's variable rate of interest. The length of time for your 'fixed' monthly payments will vary depending on the length of your overall loan, but is likely to be the first 12, 36, 60 months or the full duration of your loan depending on what loan you select.

A variable rate is likely to appeal if you feel that interest rates will remain the same or fall over the period of your loan.

We're here to listen, explain and help.
Don't worry if you are unsure which type of loan is best for you. Our qualified team of underwriters will be happy to explain the differences and discuss which option is best for you.