Nationwide reveals 7.9 per cent loan rate

Tuesday, 16 March 2010 12:00

Nationwide has introduced a new personal loan rate of 7.9 per cent APR typical for loans up to five years between £7,500 and £14,999.

The rate, which is available to the lender's current account customers, is currently the best personal loan rate on the market.

Clients can take advantage of the offer by taking it out on the internet, through a branch or on the telephone.

Chris Rhodes, product and marketing director, said it could be an attractive proposition for someone considering buying a new car.

"The final stage of the government's car scrappage scheme is due to end on March 31st 2010. This means that our rate of 7.9 per cent APR typical available for loans between £7,500 and £14,999 may be perfect for people looking to get their hands on their dream car," he added.

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