Derbyshire BS cuts loan rates | Product News - Moneyfacts

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Derbyshire BS cuts loan rates

Derbyshire BS cuts loan rates

Category: Loans
Date: 18/03/2013

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 It is now over 6 months old so the content may be out of date.

For a limited time only, Derbyshire Building Society has cut rates across its Online Personal Loan range.

The basics…

For personal loans between £5,000 and £7,499 the rate has been reduced by 0.8% to 6.4% APR.

Those borrowing larger amounts between £7,500 and £15,000 will be charged 5.0% APR (a 0.1% reduction), while those borrowing between £15,000 and £20,000 will pay 6.8% APR (0.5% reduction).

The finer details….

These rates are only available until 11pm on 25 March 2013 and must be applied for online.

Example monthly repayment: A £5,000 personal loan over three years will cost £152.61 per month.

Consumers must remember that rates are representative and dependent on individual credit ratings.

Why we like it….

These personal loan rate reductions move Derbyshire BS to the top of the Best Buy charts. Consumers will have to act fast, however, as these rates are only available until 25 March.

Four out of five Moneyfacts Stars are richly deserved.

What Next?

Compare personal Loans with our personal loans calculator

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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