AA has reduced the cost of borrowing on its unsecured personal loan in the £7,500 to £15,000 tier.
Rates have been reduced for both new and existing customers by 0.2% APR, bringing them down to 4.4%.
Example repayments: £7,500 over five years = £139.18 per month.
As an added bonus, borrowers can benefit from six months' free Home Emergency Response when taking out a loan. However, they need to be aware that they must be over 25 years old to apply and that the rate is dependent on an individual's credit rating.
This change maintains the AA's position within the best buy charts for borrowing between £7,500 and £15,000.
Four Moneyfacts Stars have been awarded.
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