Admiral enters loan charts | Product News - Moneyfacts

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Admiral enters loan charts

Admiral enters loan charts

Category: Loans
Date: 20/09/2016

Admiral has reduced the APR on its unsecured personal loan by as much as 0.8%. This has enabled it to enter the Best Buy charts for all loan tiers and earned it an Outstanding rating in the process.

The basics…

A personal loan of £5,000 to £6,999 over a term of one to five years now has an APR of 3.9% (-0.7%), while a loan of £7,500 to £15,000 over the same term now charges a rate of 3.3% APR (-0.2%), placing it just shy of the market leader.

A few other tiers have received rate decreases, including loans of £7,000 to £7,499, which received the largest rate cut of 0.8% to stand at 3.8% APR. The rest remain unchanged, yet are still highly competitive in their respective sectors.

The finer details…

Example monthly repayments: £5,000 over three years = £147.25.

Applications can be made online or over the phone. Borrowers must be at least 18 years old to apply and should remember that rates are representative and dependent on their credit rating.

Why we like it…

These personal loan tiers have earned the highest rating and achieved a strong entry into the charts, with their reduced rates offering a selection of highly competitive choices to borrowers.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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