When it comes to personal loans, the UK is amongst the cheapest according to new research from the British Bankers’ Association (BBA).
Over the eleven countries surveyed by the BBA and Oxera Consulting, British retail banking offered some of the best value finance products on the market when it comes to typical customer services such as personal loans and credit cards.
The chief executive for the BBA, Ian Mullen commented: "This report demonstrates that the UK's personal financial services compare very favourably on price, as well as the range of products available and cost to the consumer”.