Nationwide announces lowest loan rate for new and existing customers
New and existing Nationwide customers can both now access what the financial services provider says is the lowest personal loan rate in the UK.
At a representative APR of 6.6 per cent, the loan works as an overdraft on the Nationwide FlexAccount.
To qualify, customers must use the product as their main current account, either transferring their existing Direct Debits from another bank or paying in £750 or more per month if they are already Nationwide customers.
Lending can be obtained over a period of one to five years in sums from £7,500 to £14,999 - and can be applied for online, by telephone or in a Nationwide branch.
Graham Pilkington, director of banking at Nationwide, says: "Summer is often the time when people think about booking a dream holiday, purchasing a new car or even refurbishing their home."
He adds that it is easy to open a new account with Nationwide and that the FlexAccount product could represent the ideal personal loan option for people who are as yet unsure of their best option.
The FlexAccount also comes with free European travel insurance, subject to eligibility, while a Which? survey in April 2011 highlighted Nationwide as a recommended provider for current accounts.
Use the Myfinances.co.uk comparison tables to find the best deal on a personal loan
- Tags:
- current accounts ,
- flexaccount ,
- loans ,
- nationwide ,
- news ,
- overdrafts ,
- personal loans
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