Who gives you extra? Let's find out...
With a variety of options available, Halifax may have something to offer those in search of a loan.
- We don't currently offer Halifax loans – but feel free to compare with us if you're looking for a benchmark
- Always consider your options very carefully before committing to a loan
- Never borrow what you may be at risk of not paying back
While it may have a place in UK TV folklore for its ads featuring Howard Brown, the spectacle-wearing sales rep, Halifax has since moved on to equally memorable ad campaigns featuring such classic characters as Top Cat, Thunderbirds and The Flintstones.
The nostalgia-riddled TV spots have proved to be a winning formula once again, and continued to grab the public's attention. But the question remains, is Halifax all style over substance... Or does it really offer tip-top, FAB service that'll leave you screaming "Yabba dabba doo"?
When it comes to a Halifax bank loan, it very well might – provided you're cautious. Read on to find out more!
What types of Halifax loans are available?
Well, none are available through us in April 2018. But we'd always suggest shopping around and comparing before making any financial commitment - especially for something as serious as a loan.
Halifax personal loans offer customers the opportunity to borrow between £1,000 and £50,000 over one to seven year periods. This was true in April 2018. With such a wide margin of lending, could Halifax have a loan to suit your financial needs?
When perusing Halifax loan rates, it's all too easy to be blinded by the sight of pound signs and promotions. However, it's important to remember that loans carry with them additional fees, and the rates that are advertised aren't always universal.
That being said, a Halifax personal loan could be useful if used correctly. Common loans include:
Halifax car loans
Buying a car can be draining expense, especially if the need for a new set of wheels comes at an inopportune time.
Car loans could make the whole process a lot less stressful and a lot more rewarding – particularly if it means the difference between driving off with a car you actually want or need, and not.
However, a car loan from Halifax shouldn't be considered a free ticket to the car of your dreams. The prospect of a large loan can encourage you to spend more than you need to. In addition to the APR attached, a pricey car will come with the added expense of insurance and upkeep - so keep that in mind when you bypass the Ford garage for the BMW showroom.
Halifax debt consolidation loans
Debt can be a black cloud that's hard to shake off, even for the most stringent of savers. As such, debt consolidation loans are a common choice for those that owe money to a variety of lenders.
Debt consolidation loans allow you to essentially merge a number of debts into one monthly payment. While this can appear useful, it's important to remember that interest rates do fluctuate. And the overall interest incurred through a debt consolidation loan may leave you worse off than your current rates of interest individually. Always do your sums thoroughly before signing on any dotted line.
Halifax home improvement loans
Good home improvements rarely come cheap (and, more importantly, cheap home improvements rarely come good). Short-cuts and cost-cutting can lead to greater expense down the line, and a loan can seem like an attractive decision. To avoid a dodgy job on a cowboy's budget, many Brits opt for a loan to cover the costs.
However, overspending can be slippery slope, and a simple job could evolve into a full-blown project very quickly. Going over budget could see you run out of funds and require a top-up loan. Worse still, it could see you fall behind your payments and lead you even further into debt. So be vigilant, be realistic, and plan ahead.
How to get a loan from Halifax
If you're looking to apply for a bank loan, Halifax has made the application process smoother if you happen to have an existing Halifax current account. Account holders can apply for a Halifax loan online and find out their fate within minutes.
Conversely, even if you're a new to loans and don't have a Halifax current account, you can still apply for a Halifax loan. However, it’s important to remember that lending and rates are subject to status.
If you see yourself as a bit of a technophobe, fear not. Applications can also be made over the phone or in person at your local branch, if you prefer.
Can I top up my Halifax loan?
Topping up your initial loan can be a necessary evil if a project goes over budget or the unexpected occurs... well, unexpectedly.
There are two main options when it comes to topping up a loan: taking out a second loan in addition to the original, or replacing your existing loan with a bigger loan to cover overall. If you wish to take out a separate loan, topping up can usually be done online. However, if you prefer to replace your initial loan, you may need to speak to conduct your business over the phone or in branch.
If you're looking to top up, it's important to remember that not everyone will be eligible to replace their existing loan, and may only be given the option to supplement it with another loan. What's more, interest rates do differ from one loan to the next - so you may find yourself with a higher rate of interest if you're not careful.
Top tips for finding a Halifax loan
Regardless of which loan you're looking for, it's well worth taking a look at the GoCompare smart search before you go any further.
The smart search helps compile a list of loans you may be likely to be approved for based on your details. This also includes any pre-approved loans you may be eligible for as well.
Best of all, our smart search won't affect your credit rating - unlike a rejected loan application.