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Nationwide cuts loan rate

Nationwide cuts loan rate

Category: Loans

Updated: 13/09/2010
First Published: 10/09/2010

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 cut the rate of interest it charges to existing customers borrowing between £7.5K and £14,999.

The rate has been cut by 0.1% to 7.6%. Pricing on all other tiers remains unchanged, and all rates are typical and dependent on credit rating and the term of the loan.

The monthly repayment of £149.74 for a £7.5K loan over five years is one of the lowest on the market, although this is only a typical rate.

Four out of five Moneyfacts stars have been awarded.

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