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.
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.
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.
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
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