Temporary relief to personal loan holders.

Temporary relief has been there for the personal loan holders, as the big four players (Lloyds TSB, HSBC, NatWest or Abbey) have not yet announced the interest rate hikes. This means that as of now personal loan holders will continue to pay what they were already paying without the burden of higher interest rates being imposed on them.

London (loans-bazaar) 22 November 2006: The big four i.e. Lloyds, TSB, HSBC, Natwest, or Abbey have not yet implemented the changes in the interest rates. It is really a great relief for personal loan holders. However, it may be a bad news for the savers, as they were looking for additional earnings. This delay will benefit the debtors as they will continue to make the repayments at existing rates for a longer time.

Borrowers in the UK take personal loans for different reasons and this temporary hold in interest rates will surely make them happy.

There has not been rate rise from Lloyds, TSB, HSBC, Natwest or Abbey as the Times have reported now. By this year itself, the interest rates will be applied by the banks. The rates may further rise in the month of February. The customer who has taken the loans will be forced to look for a right deal.

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