‘Excellent’ loan for existing customers | Product News - Moneyfacts

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‘Excellent’ loan for existing customers

‘Excellent’ loan for existing customers

Category: Loans
Date: 30/10/2015

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 It is now over 6 months old so the content may be out of date.

Halifax has increased the price on the £7,000 to £25,000 tier of its personal loan for existing customers, but despite this, it still offers borrowers a highly attractive deal.

The basics…

An Existing Customer Clarity Personal Loan of £7,000 to £25,000 over a term of one to seven years now has an attractive rate of 4.4% APR.

The finer details…

Example monthly repayments: £7,500 over five years = £139.19.

Borrowers must be at least 18 years old and be Halifax current account holders for at least three months prior to application. Borrowers can apply in branch, by phone, online and via smartphone app.

Borrowers should remember that rates are representative and dependent on the borrower's credit history.

Remember, in order to secure a mortgage, credit card or personal loan you need to have a good credit rating. To find out if yours has a clean bill of health, contact a credit check provider, such as Experian CreditExpert to investigate your credit report.

Why we like it…

Existing customers of Halifax who are looking for a competitive mid to high-tier loan are still likely to view this deal favourably thanks to its still-competitive rate, which will make it particularly appealing to those seeking a loan of £20,000+.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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