We check out the best sites that allow you to compare loan rates

Are you thinking of taking out a loan but you are unsure of which provider to go with? Why not stop looking at each one individually and compare them all in one fell swoop? The internet is now well crammed with sites that let you compare loan rates, and we are going to introduce you to a few of the best ones in this blog, so lets check them out!

Loan Comparison Sites are a relatively new phenomenon on the internet, but they are so successful that they have spawned an entire "comparison" industry where you can now compare holiday prices, car prices, even mobile phone tariffs. Perhaps the largest of the comparison sites in the UK is Money Supermarket, and you can check out their loan comparison tool at http://www.moneysupermarket.com/loans/. This tool allows you to compare loan rates from up to 314 different companies, meaning a comprehensive look at what is out there for you, without having to break a sweat.

The one downfall of these sites is that no one of them compares absolutely everything, so it is best to use them in tandem with each other. The next best one out there is Compare The Market at http://www.comparethemarket.com/loans/compare-loan-rates/Default.aspx?vck9=true. Compare the Market draws comparisons from a more shallow pool than Money Supermarket, but it does cover a number of companies which its competitor doesn't, so it is always worth a look too.

A final site worth throwing into the mix is Go Compare and their excellent loan comparison tool at http://www.gocompare.com/loans/. It is well worth a look!

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