Barclays launches new car loan

Tue, 21 Aug 2007

Barclays has announced the launch of a new personal loan designed specifically for consumers wishing to purchase a new car.

According to the bank , the new loan offers a "competitive" interest rate of 7.4 per cent, while giving drivers a wide range of other financial services as a discounted rate.

These include car insurance and breakdown cover , with a 25 per cent fee reduction on the RAC's breakdown packages, potentially saving motorists as much as £41.50 each year.

Loan customers taking out car insurance via the web will receive a ten per cent discount on the price of the policy.

Mark Till, product director for loans from Barclays , commented: "Many motorists will find that this is a much better rate than they would get on a car finance deal plus they have the additional benefits of the RAC discount and the essential free HPI check."

Advice and comparison service moneysupermarket.com recent predicted that UK residents could waste a collective £140 million in interest payments by opting for more expensive methods of funding the purchase of a new vehicle in September.

add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

newsnews rss
Personal loans news
Loan Defaults Rise - Fri, 03 Jul 2009
FLA Reveal Loan Market Contraction - Mon, 29 Jun 2009
Lenders Placing Charging Orders on Loans - Fri, 26 Jun 2009
More News
Credit Crunch Savers
HSA Dental Plan
Get covered from £7.70 per month!
Amex Cash Back
Credit Card
Get 5% cash back on purchases with Amex
Virgin Credit Card
0% APR on balance transfers for 16 months
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