A series of rate reductions within the 'mid-term' loan market has also seen Derbyshire Building Society reduce the rate on its Online Personal Loan by 0.1%.
This loan offers a market-leading rate of 5.5% APR to customers borrowing between £7,500 and £15,000.
The rate offered for this loan is representative and dependent on credit rating and the amount and term of the loan.
Customers borrowing £7,500 over five years would pay £142.80 per month
The Online Personal Loan offers customers a very attractive rate in a competitive market and has been awarded four out of five Moneyfacts stars.
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