Nationwide cuts loan rate to 7.9%

Nationwide cuts personal loan rate to lowest in Britain

Nationwide has announced that it has cut the rate on its personal loan product to 6.1 per cent APR, the lowest the financial services provider has ever offered.
Nationwide cuts personal loan rate

Nationwide building society has cut its personal loan rate to the lowest level since 2006.

Tuesday, 12 May 2009 12:00

Nationwide has slashed the interest rate on its personal loans to 7.9 per cent, it has announced.

The building society is offering the deal for new customers taking out loans of between £7,500 and £14,999.

The 7.9 per cent rate, which is a typical amount, is being described by Nationwide as "highly competitive". It compares to rates of as much as 9.9 per cent available elsewhere on the high street, it said.

The interest rate is available to new personal loan customers applying by phone, online or directly at a branch of Nationwide.