Derbyshire Building Society has reduced the rate on its Online Personal Loan by up to 0.8%, until 11pm on 25 February 2012.
Customers borrowing between £5,000 and £7,499 are offered a rate of 6.4% APR, whilst those looking for a loan between £7,500 and £15,000 will be offered 5.0% APR. A rate of 6.8% APR is offered for higher loan amounts between £15,001 and £20,000.
A typical monthly repayment, based on a £5,000 loan over a three year period, stands at £152.61.
Rates are representative and dependent on the loan amount and term as well as the applicant's credit rating.
A series of temporary rate reductions have propelled the Online Personal Loan to the top of the loans best buy tables. Available over a range of borrowing amounts, this product has been awarded four out of five Moneyfacts Stars.
Loans calculator Key factors to consider with Personal Loans
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