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Cheapest Ways To Borrow Money In The UK

If you're looking to borrow and want to understand what the cheapest way to borrow money is - here's the complete rundown for you! Going from small amounts to borrowing over £25,000, the best method depends a lot on how much you are looking to borrow. For lower amounts, loans are very expensive with most mainstream lenders charging over 20% for loans below £5,000. Low rates are only generally available for loans above £7,500. For lower amounts, 0% purchase credit cards are usually the best option and loans are great for amounts up to £25,000. After that, you may be looking at remortgaging for the cheapest borrowing option.