loans

Small Loan Types
Despite the credit crunch, borrowing is easier to come by than it ever used to be. Banks and lenders are now keener to push their lending services than they were, say, in the 1980s or 1990s, and credit is more affordable. However, when it comes to borrowing, a lot of people don’t know where to start. If you're fresh out of school and don't know where to turn to in case you need some extra cash, here's a quick run through of some of the borrowing products available to you.
Overdraft 'Most bank accounts these days carry some kind of overdraft facility. Having an overdraft means that you can instantly borrow from a bank if you spend passed having a balance of £0. For students, this facility is often free, and can go up to £2500. However, if you're working, you'll more than likely be charged for your overdraft.
Credit Card 'A credit card is effectively an agreement that you can carry out with a bank to borrow small sums of money if you need it for purchases that you can't currently afford with just your bank account. You need to pay this off monthly, at least to a stated minimum amount, or you'll have to pay interest charges or even an extra penalty fee. The lowest APR on credit cards currently in the UK is from Capital One, who offer 9.9%. 
Personal Loan 'This should be used for when you need to make an extra large purchase(s) for something that your bank account and credit card facility won't be able to pay for. It might be a first car, or a foreign holiday. Basically, you are given a lump sum by a lender, and then you repay the lender over a fixed period with interest. For one of the best interest rates on loans in the UK, take a look at Alliance and Leicester.