2. Tips for getting a cheaper loan

Here are my top tips for securing a cheaper loan:

* Take into account the total amount repayable rather than just the APR - a higher APR may in fact offer a better deal
* Always factor hidden charges into your purchasing decision - for example early repayment fees
* Beware of payment protection insurance - it can prove very expensive, so don't agree to it until you fully understand all the terms and conditions
* Use a broker - they do the legwork for you, comparing 100's of products for the best dealforget - you can also lower your bill by using less fuel!

That's it for my MoneyMail Loans Special - good luck with reducing your loan repayments!

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