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Alliance & Leicester Moneyback Loan Review

 

The Moneyback loan is a new product on the UK market and one that is sure to be very popular amongst personal loan shoppers. The typical apr of the Moneyback loan is a low 5.7%.

The Moneyback loan comes to you courtesy of Alliance & Leicester, so can can be assured that you are dealing with an established and respected company.

The loan is called 'Moneyback' for a reason, if you decide to include payment protection insurance in your loan deal then A&L will repay you some 'money back' .

You will earn between £10 and £50 'money back' every year if you agree to the loan protection insurance. In addition, the moneyback will only be paid on complete years that you have held the loan and the payment protection policy. That being said, this is still a very good loan offer and one of the most competitive in the market.

Typical 5.7% APR

 

Apply for a Moneyback Bank Loan

 
   
 
Quick Summary Box
Loan Amounts and APR's

£1,000 to - £25,000 - 5.7% typical

Loan Repayment Periods 1 to 7 years
Early Redemption Penalty 1 month
Comments A fantastic offer, one of the cheapest loans that is available at our site, and with the added benefit of Moneyback. Granted, the moneyback scheme only applies to applicants who wish to take out loan insurance and this must be factored into the repayment cost.
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