We like low personal loan rates

There are two lenders who have kept their personal loan rates at an all-time low despite the recent hikes from the Bank of England.

Despite the rise in base interest rates of 0.25%, both Lombard Direct and Northern Rock have kept their rates at 6%. However, be aware that both lenders will credit score applicants, and some will not obtain the headline rate advertised.

Richard Mason from Moneysupermarket.com said: "Anyone wanting to borrow for Christmas spending should take out a loan now before the rates go up. It's inevitable that if interest rates rise the cost of borrowing will go up too."

However, take a look at our do's and don'ts of debt before stretching yourself too far.