Loan rate reduction by Nationwide

Monday, 09 May 2011 01:24

Nationwide is offering customers a rate of seven per cent APR Representative for personal loans of between £7,500 and £14,999.

The move marks a 0.2 per cent reduction to its products and is available for loans up to five years for new and existing customers who use a Nationwide FlexAccount as their primary current account.

Individuals who place the main bulk of their finances elsewhere will be able to apply at a rate of 7.1 per cent.

Head of banking at Nationwide Richard Napier stated the firm offers a rate that is competitive with those offered by other businesses.

"If you're looking for a personal loan to help buy that new car, pay for a wedding, carry out home improvements or consolidate other debts, Nationwide's new rate is definitely one to consider," he said.

Consumers aged 18 and over can apply for the product, which has no repayments in the first month, by getting in touch online, over the telephone or in branch.

Use the Myfinances.co.uk comparison tools to find the best deal on a personal loan  

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