Loan interest rates?

[Wotsit1234]

Has anyone noticed that loan interest rates have jumped up, or is this in a pattern of rising rates similar to mortgages?

I took out a £11000 loan approx either last year or earlier this year for 6.6% Apr, and have just gone in the calculator now for a £10000 loan (to pay the remainder £3,000 off that loan and also borrow more,) and the Apr is 18% ! Is this normal or is it because its a repeat loan for same provider?

Trying to buy a new car and work out the cheapest way of doing it , it will probably be dealer at this rate

Has your credit rating changed and did you ever miss payments?

Usually companies offer more attractive deals to get you so I would recommend looking at moving anyway. 18% does sound very high.

Loan rates will be linked to the Bank of England base rate and so will rise with the rest of borrowing costs. However, they were high earlier this year and last year so I’m not sure this is that.

That's high, I got an email from my bank today offering me £25k for 5.2% I don't want or need credit so I won't be taking them up on it, maybe it's because you're applying for two loans fairly close together and you're using one to pay the remainder of another which doesn't scream of financial stability