As you will know the quote you get from high street lenders can differ some what. We have carried out a short comparison to show the difference between the loans quotes that we received from these three banks to highlight the differences.

Here is the basic quotes we got back using their base rates:

As you can see HSBC offers the best base rate at the moment so shows the most attractive repayments.

The likelyhood of getting offered the lowest rate loan quote you will need to be in a financially secure situation with a good credit score.

Here our some of the high lights of the report if you don’t have time to read the whole 443 page PDF document.

The group operating profit was 1.9bn in 2010 which may be down on 2009.

13% core return on equity.

33% impairment losses reduction.
Philip Hampton in his Chairman’s statement said

There was a step-change in our overall financialperformance last year. The return to operating profit reflects both the internal rebuildingprocess at RBS and the external recovery inmarket and economic conditions. We are stilla good way from where we want to be in termsof our performance but 2010 representsanother big stride towards that goal.

And Stephen Hester said in his Group Chief Executive’s review

Two years on from the global financial crisis,our recovery is ahead of schedule. In 2010 wemade big strides in risk reduction and an earlyreturn to operating profits. We have much workstill to do and there are significant obstaclesstill to overcome. We aim for continuedprogress this year.

In order to meet its obligations under the State Aid commitments and to ensure the Group maintains the maximum flexibility in its options, Lloyds Banking Group is accelerating the start of the disposal process of the Divestment Business (‘Project Verde’) as set out in the agreed Term Sheet. Moving ahead with the disposal follows the excellent progress the bank has made on integration.  Following the appointment of António Horta-Osório as Chief Executive of Lloyds Banking Group on 1 March 2011, the bank has also announced the launch of a Strategic Review of the bank’s Medium Term Plan.  The conclusions of the Strategic Review will be announced around the end of the first half of 2011. The Strategic Review will cover all aspects of the business and will focus on ensuring that customers will be at the heart of the bank’s future strategy by supporting UK households and businesses.  To support this commitment, the Group will place a moratorium on announcing further UK branch closures until the end of 2011 and pending the Strategic Review.

António Horta-Osório, Lloyds Banking Group Chief Executive said:  “Today’s announcements mark the start of the next phase of Lloyds Banking Group’s development.  As the integration of our business comes to a close in the coming months, we have a unique opportunity to redefine our future and demonstrate how we will drive long-term value for our customers, shareholders and employees.”

Source: Lloyds TSB