Nationwide Slash Personal Loan Rates

Fri, 07 Aug 2009

Nationwide has reduced the interest rate on its personal loans to a 7.7 per cent APR, making it the lowest personal loan rate available in the UK.

The new market-leading rate is exclusive to Nationwide current account customers (those with a FlexAccount) on loans of between £5,000 and £14,999.

Chris Rhodes, Nationwide’s product and marketing director, said: "Nationwide continues to be competitive in the personal loan market with the introduction of this market leading headline rate of 7.7 per cent typical APR, beating what’s being offered by supermarkets and high street banks ."

"This great rate is now available for loans between £5,000 and £14,999, so whatever the purpose of your loan whether it be for a new car, to pay for a wedding, carry out home improvements or consolidate other debts, our rate is hard to beat!"

"We are rewarding our current account customers with the lowest personal loan rate in the UK which underlines further the benefits of taking out and using a Nationwide FlexAccount ."

He added that the new rate is "the first of many offers" that the bank will launch for its current account customers in the next few months."

Customers can apply for the new personal loan rate online, in-branch or over the telephone.
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