Banks enjoy huge margins on personal loan rates
Personal unsecured loans are expensive in Ireland compared with Britain.
Personal unsecured loans are expensive in Ireland compared with Britain. The cheapest published rate on a sample survey is 7.75 per cent, while a comparable published rate in Britain is 5.9 per cent.
The average lending rates here are 9 to 10 per cent. These differences may seem small, but when you compare the respective base rates of 2 per cent in the Eurozone and 4.75 per cent in Britain, you can see there is a significant...
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