The Post Office has made a number of changes to its personal loan rates.
The new rates are: £2K to £4,999 - 14.9% APR (+1.0%), £5K to £7,499 - 8.4% APR (-0.5%), £7.5K to £14,999 - 7.4% APR (-1.5%), £15K to £25K - 8.4% APR (-0.5%).
A £5K loan over three years will have a monthly repayment of £156.91 without insurance.
The medium to large loans have benefited the most from this reprice and even with the increase to the lower loan amounts, all the tiers are highly competitive.
The Post Office is also one of the few providers which does not have a redemption penalty for early repayment of the loan, making this stand out in the market.
Four out of five Moneyfacts stars have been awarded
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