hi there, I am currently thinking of getting a personal loan. I am reading a lot of threads here and trying to get the best possible rate for me. I am hoping to borrow 15k over 3-5 yrs. Would love to get over 3 yrs so I will see what rate I get. Is it worth getting Repayment Protection Insurance? It seems to be quite high on a few banks I have checked e.g. 35 a month. I am not sure what is covers. I have my own life poilcy that covers death and serious illness. I also have a very secure job so would be highly unlikely I would be made redundent in this time frame. BUt I do not want to take unnessary risks. Would love some sound advice?
Thanks