Bigger loans can be less expensive

There is a very strange concept going around that states the more money you borrow, the less you end up paying.

How can this be? Well, apparently each lending company has a tiered scale of interest rates that vary depending on the amount of money you borrow and how long you want to repay it off for.

The more you want to borrow for longer, the lower the overall rate of interest could be. In theory, you could borrow £1 more than you actually need and tip into the cheaper interest rate level.

So get your researching helmets on and find the cheapest loan for you.

Read more about this bizarre concept at Bigger Loans Could Work Out Cheaper