'Market-leading' personal loan rate unveiled by Nationwide

Tuesday, 15 June 2010 12:00

Nationwide has launched a new personal loan rate of 7.7 per cent typical APR.

The offer is for loans of up to five years between £7,500 and £14,999 for its main FlexAccount customers.

According to the organisation, it is the lowest rate in the UK and will remain the same regardless of whether it is taken out through a branch, over the phone or online.

Product and marketing director of the company Chris Rhodes said he was delighted to announce the news.

"Personal loans are ideal for customers wanting to make a dream purchase or simply reduce their monthly outgoings," he explained.

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