You are here: Home - Credit Cards & Loans - News -

Football fans warned on season ticket loan rates

0
Written by:
03/01/2019
Up to a third of football fans rely on loans to buy season tickets, but rates vary from 0% to 36.3%, depending on the club you support, finds new research.

Heavy admin fees of up to £40 are also commonplace. Credit report provider Noddle.co.uk  analysed the charges on season ticket loans for the 2018/19 season across the top four tiers in English football. The average Premier League clubs was 12.71%. Some of the largest and wealthiest clubs – including Arsenal, Liverpool and Manchester United – charge the most in administration fees, ranging from £29 to £40.

Fulham charges the highest interest in the Premier League, with fans paying 21.5% including a £30 admin fee to pay-off their season ticket over nine months. However, the highest charges came outside the premiership: Preston North End tops this particular table, charging 36.30%. Bradford City were top of League One when it comes to high APR, at 28.50%. Mansfield Town (22.70% APR), Newport County (22.70% APR) and Notts County (22.70% APR) are joint top (for interest charges) in League Two.

Increasingly, supporters say they are feeling disillusioned with the cost of football. Noddle’s research found that 52% of supporters say they’ve been priced out of attending football matches. Three-quarters (74%) believe the cost of a season ticket is ridiculous and half (50%) believe these loans should be banned all together.

Jacqueline Dewey, managing director at Noddle.co.uk, said:“It’s clear – fans should shop around before taking the offer from their club’s finance provider as the rates vary so widely. Using a loan eligibility checker will quickly tell you whether the rate on your season ticket loan is right for you, or not.”

Noddle’s top tips for being a financially-savvy football supporter: 

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape for summer, and moving your cash savings to a higher paying deal is ...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Why a ‘no fault’ divorce would help warring couples

January is a peak month for divorce. Kate Van Rol, Barrister at 4PB discusses the introduction of the new 'no...

Close