Nationwide BS cuts loan rates - Loans - News - Moneyfacts


Nationwide BS cuts loan rates

Nationwide BS cuts loan rates

Category: Loans

Updated: 14/12/2012
First Published: 18/10/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nationwide BS has reduced the typical cost of a loan between £7.5K and £14,999 for new and existing customers.

For new customers, the typical rate payable is now 6.3%, while for existing customers it is 6.2%.

Rates are typical are dependent on credit ratings, as well as the amount and term of the loan.

This reduction from Nationwide BS makes the rates and repayments for mid-range borrowings of £7,500 to £14,999 the lowest currently available in the market.

Four out of five Moneyfacts stars have been awarded.

Find the best loan for you - Compare loans

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Regulator to take closer look at high-cost credit

When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done.

The payday loan market is still broken

The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done.

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…