Market-leading rate for AA loan | Product News - Moneyfacts

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Market-leading rate for AA loan

Market-leading rate for AA loan

Category: Loans
Date: 05/03/2014

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 It is now over 6 months old so the content may be out of date.

The AA has reduced the cost of borrowing across all tiers of its unsecured personal loan by up to 8.2% APR.

The basics…

The largest reduction is seen in the £5,000 to £7,499 tier, which is now priced at 5.7% APR, available to both new and existing customers.

The finer details…

Example repayments: £5,000 over three years = £151.10.

As an added bonus, borrowers can benefit from six months' free Home Emergency Response when taking out a loan. However, borrowers need to be aware that they must be over 25 years old to apply.

Why we like it…

This reduction from AA is great news for those who want to borrow smaller amounts and sees them offer a market-leading rate for borrowing between £5,000 and £7,499.

Four Moneyfacts Stars have been awarded.

What Next?


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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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