Extract . . .
Consumers have been warned personal loan interest rates are unlikely to fall much further following a recent mini price war. This is despite average loan rates standing at 12.8%, which is 4.1 percentage points above typical pre-credit crunch rates in July 2007. At the time, Bank of England base rate stood at 5.75%, compared to 0.5% now (see the Loan rates soaring MSE News story).
Link
http://www.moneysavingexpert.com/news/loans/2010/09/loan-price-war-may-be-over
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