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Ikano’s market-leading loan rate

Ikano’s market-leading loan rate

Category: Loans
Date: 16/11/2016

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 It is now over 6 months old so the content may be out of date.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 decreased the rate on loans of £7,500 to £15,000 to make it the lowest rate for this tier, deservedly earning it the top spot in the charts as well as the highest Moneyfacts rating.

The basics…

A personal loan of £7,500 to £15,000 over a term of one to five years now boasts a market-leading APR of 3.0%, after a drop of 0.1%.

The finer details…

Example monthly repayments: £7,500 over five years = £134.63.

Applications can be made online or over the phone. Borrowers must be at least 18 years old to apply, with a minimum annual income of £10,000, and should remember that rates are representative and dependent on their credit rating.

Why we like it…

Its reduced rate has made this personal loan highly competitive amongst its peers, comfortably taking the top spot in the Best Buys and easily earning our highest 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
 
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