Halifax reduces cost of £5k-£6,999 loan | Product News - Moneyfacts

Product News

Halifax reduces cost of £5k-£6,999 loan

Halifax reduces cost of £5k-£6,999 loan

Category: Loans
Date: 29/07/2015

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 It is now over 6 months old so the content may be out of date.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 cut the cost of its £5,000 to £6,999 personal loan tier for existing customers by 4.00% APR, earning it an 'excellent' rating.

The basics…

A £5,000 to £6,999 Existing Customer Clarity Personal Loan now has a competitive rate of 5.9% APR over a term of one to seven years.

The finer details…

Example monthly repayments: £5,000 over three years = £151.54.

Applicants must have held a Halifax current account for at least three months and be 18 years or older. Applications can be made by phone, online, in branch and by smartphone app.

Borrowers should remember that all rates are dependent upon the loan amount, the length of the term and their credit history.

Why we like it…

Existing customers looking for a mid-tier personal loan are likely to welcome this latest rate decrease. The cut has boosted its cost-effectiveness, making this an attractive option for this level of borrowing.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close