Nationwide cuts personal loan rate

Wednesday, 12 January 2011 12:00

Nationwide has cut its personal loan rate for its main current account customers to 7.2 per cent APR typical.

Those seeking loans of up to five years between £7,500 and £14,999 will be able to take advantage of the offer, while the same rate will apply whether the loan is taken out through a branch, over the telephone or via the internet.

Graham Pilkington, Nationwide's divisional director for banking, said: "Nationwide has regularly been competitive in the personal loans sector and this new market leading rate means that doesn't change."

He added the offer highlights the benefits of having a Nationwide current account.

Use the myfinances.co.uk comparison site to find the best deal on a personal loan.

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