Ikano Bank loan climbs to the top | Product News - Moneyfacts

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Ikano Bank loan climbs to the top

Ikano Bank loan climbs to the top

Category: Loans
Date: 12/09/2016

Ikano Bank has reduced the APR on personal loans of between £5,000 and £7,499 by 0.3%. This has made an already outstanding product jump from the number two spot to the top of its Best Buy chart.

The basics…

A personal loan of £5,000 to £7,499 over a term of one to five years now has an APR of 3.8%.

The finer details…

Example monthly repayments: £5,000 over three years = £147.03.

Applications must be made online, though further information is also available over the phone. Borrowers must be at least 18 years old to apply, must have a minimum annual income of £10,000, and should remember that rates are representative and dependent on their credit rating.

Why we like it…

This personal loan has become the joint market-leader for mid-tier borrowing by combining its already attractive features with this competitive rate cut.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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