Ikano Bank loan tops the charts | Product News - Moneyfacts

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Ikano Bank loan tops the charts

Ikano Bank loan tops the charts

Category: Loans
Date: 15/04/2016

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 It is now over 6 months old so the content may be out of date.

Ikano Bank has reduced the rate on the £7,500 to £15,000 tier on its personal loan by 0.2%, enabling it to take the top position in this sector of the charts.

The basics…

A personal loan of £7,500 to £15,000 over a term of one to five years now has a market-leading rate of 3.2% APR, which allows it to sit proudly at the top of the charts.

The finer details…

Example monthly repayments: £7,500 over five years = £135.28.

In order to apply for this loan, borrowers must be at least 18 years old with an annual income of at least £10,000. Applications must be made online. Borrowers should also remember that rates are representative and dependent on their credit rating.

Why we like it…

The eyes of borrowers who are looking for a highly competitive loan are likely to be caught by this latest development. Now boasting the lowest rate available at this loan tier, this deal is very cost-effective and fully deserves its 'outstanding' rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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