Ikano Bank reduces price of loan | Product News - Moneyfacts

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Ikano Bank reduces price of loan

Ikano Bank reduces price of loan

Category: Loans
Date: 19/02/2016

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 It is now over 6 months old so the content may be out of date.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 cost of borrowing £7,500 to £15,000 by 0.4% APR, thereby earning it an 'excellent' rating and a strengthened position in the Moneyfacts charts.

The basics…

A personal loan of £7,500 to £15,000 over a term of one to five years now has a competitive APR of 3.4%, cementing its place in the charts.

The finer details…

Example monthly repayments: £7,500 over five years = £135.93.

Borrowers must be at least 18 years old and have a minimum annual income of £10,000. Applications can be made online.

Borrowers should remember that rates are representative and dependent on their credit rating.

Why we like it…

Borrowers looking to take out a loan of £7,500 to £15,000 will be delighted by this update, which has made this deal more cost-effective. As a result, it fully deserves its chart place and its 'excellent' rating.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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