Personal loan protection insurance

Personal Loan Protection Insurance (PLPI)

Money Box contacted 13 lenders to ask if customers can take out personal loan protection insurance without having the cost added to the loan. Their responses are listed below:

Lenders who say that customers can take out PLPI without having the cost added to the loan include:
Barclays
HSBC
Lloyd's
NatWest

Lenders who say that the cost of PLPI must be added to the loan include:
Abbey National
Bank of Scotland
Halifax
Nationwide
Northern Rock
Royal Bank of Scotland
Smile
The Cooperative Bank
Woolwich