Nationwide is offering its best ever interest rate on a new personal loan, with an added bonus for those switching to the lender.
Customers who switch their personal loan to Nationwide from a number of other personal loan providers will qualify for a bonus of £50 until the end of the year.
Personal loan holders with at least £3,000 outstanding and more than a year of repayments left are being urged to switch to Nationwide's personal loan, which charges an interest rate of 6.7 per cent annual percentage rate (APR).
"Unlike credit cards and current accounts, personal loan customers tend to remain with one provider for the life of the loan, which often means they are losing hundreds of pounds through paying higher rates than they need to," says Nationwide's marketing director, Steve Clode.
The minimum personal loan amount is £1,000 and customers can borrow up to £25,000 to repay between one and seven years.
Payment protection insurance is available from Nationwide on all its personal loans.
Nationwide is the UK's fourth largest mortgage lender and seventh largest retail banking, saving and lending organisation by asset size.
It is the largest building society in the world and is committed to staying mutual.
Mortgages, savings accounts, current accounts, credit cards, life insurance, investment products, personal loans and household insurance are all available from Nationwide.
Nationwide: Switch your personal loan
Nationwide: Switch your personal loan
Mon, 14 Nov 2005
Recommended links
Compare financial products from NationwideNationwide cuts loan rates for third time in three months
| Personal loans news |
|---|
| BBA Reveals Home Loan Dip - Mon, 26 Jul 2010 |
| Government to Conduct Personal Loan Review - Thu, 22 Jul 2010 |
| Positive Home Loan Trend Continues in May - Fri, 16 Jul 2010 |
| More News |
Simplyhealth Dental Plan
Affordable cover from only £7.50 per month. Join now and get first month FREE
Amex Cash Back
Credit Card
Credit Card
Get 5% cash back on purchases with Amex
Income Protection Insurance
Get an instant quote with the award winning company
Paying Too Much?
7 out of 10 people are paying too much for their mortgage. To find out if you're one of them click here or fill out a FREE no obligation enquiry form