Whether you are seeking a First Direct loan in order to consolidate existing debts , fund a special purchase, or pay for the holiday of a lifetime, a First Direct loan may offer an affordable borrowing solution. First Direct loans are only available to existing First Direct current account holders, so if you are considering a First Direct loan you will first need to open an account.
First Direct loans may be a good option for those wishing to retain long-term control over their budget. Monthly repayments are fixed for the life of the loan, ensuring that your First Direct loan repayments will not rise in the event of interest rate rises elsewhere. As a personal unsecured loan, the interest rate offered on a First Direct loan will depend on an assessment of your financial circumstances. Generally, the better your credit rating, the more attractive rates you will qualify for; so if your credit rating is less than perfect, you may find that your most inexpensive loan option is to be found elsewhere.
To discuss your First Direct loan options with an independent expert, complete the form on this page. Totally Money will connect you with advice tailored to your personal circumstances to ensure that you explore every option within the market before applying.