Blackhorse Finance Cut Interest Rates

Blackhorse Finance (owned by Lloyds TSB) has slashed their lowest APR on Unsecured Loans for Homeowners - a positive reaction after the Bank of England cut rates this month.

The lowest rate have been moved from 16.9% to 9.9% - a reduction of 7%. This is the first positive move by a major Unsecured or Secured lending company and there are hopes that this will lead to other lenders following suit.

At the beginning of November 2008 the Bank Of England slashed rates to 3% - the lowest for many years. Banks have been reluctant to pass this on but mortgage rates appear to be dropping and now it seems that loans may follow suit.

Loan Machine can offer Blackhorse Finance loans so by making a loan application with Loan Machine we can see if these rates are available to you.